China opens investigations into U.S. trade practices in response to Trump tariff moves
“One will examine U.S. policies that restrict Chinese goods from entering the United States and that limit U.S. export of advanced technology products to China. The other is focused on barriers to Chinese green energy exports.”
[AP]
EU parliament backs Trump tariff deal -- with conditions
“Trump, however, came up with a new tariff regime after the verdict -- pushing EU lawmakers to tighten the existing agreement with numerous safeguards. They inserted provisions making the EU's tariff reductions automatically lapse in March 2028, and tying tariff cuts on steel and aluminium goods to similar reductions by the US side.”
[AFP]
EU, Australia sign free trade agreement
“The agreement will give EU exporters privileged access to the Australian market, including removing over 99% of tariffs on EU goods exports to Australia, thus cutting some €1 billion a year in duties for companies of all sizes.”
[European Commission]
FMC rejects carrier request for shorter notice on ocean rate hikes
“The Shipping Act and commission regulations requires 30 days’ notice before an increase in rates and charges become effective. Carriers can request that the commission shorten this time period, but Chairman Laura DiBella in a written decision said that the liners had failed to demonstrate ‘good cause’ for the exception.”
[FreightWaves]
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