EU-U.S. tariff deal gets final approval ahead of Trump deadline
“The EU added several measures to the deal aimed at protecting European economies. … These measures include the decision to end the tariff preferences on December 31, 2029, unless extended. The agreed safeguards also allow the European Commission to suspend tariff preferences if Washington fails to reduce tariffs on EU steel and aluminium derivatives to 15% by the end of 2026, the European Parliament said.”
[DPA]
EU extends Airbus-Boeing trade truce
“A truce struck in 2021 between the European Commission and the Biden administration has kept the dispute in abeyance ever since. It was due to expire on July 11. The duration of the new suspension is still being negotiated between Washington and Brussels, an EU official said.”
[Europe Says]
EU’s new E-commerce duty for small packages takes effect
“The €3 rate is a transitional solution, agreed by EU Member States, as an urgent response to the challenges arising from the rapid growth of e-commerce. From July 2028, the EU Customs Data Hub will become operational, applying normal customs duties based on the good's tariff classification, origin, and value, in accordance with existing/standard EU customs duty rules.”
[European Commission]
EU extends carbon border levy to more steel and aluminum imports
“The European Commission proposed last year to extend the levy to 180 downstream products with significant steel or aluminium content. EU countries have now added about 200 more goods to that list, and the revised product coverage is due to enter negotiations with the European Parliament before taking effect from 2028.”
[Traders Union]
China imposes trade curbs on dozens of U.S. firms
“On Monday, the Chinese Ministry of Commerce placed 10 American industrial suppliers on its export control list … barring exports of any dual-use items originating in China to the companies. In a separate statement Monday, the Chinese Finance Ministry excluded 46 U.S. companies, mostly defense contractors, from participating in government procurement projects. Any foreign-funded, locally registered entities associated with the excluded firms are exempted.”
[CNBC]
Copyright © 2026 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.