Background

EU, U.S. green steel plan to box out China stalls ahead of October deadline

“Missing the deadline could lead to reimposition of the US tariffs of 25 per cent on steel and 10 per cent on aluminium from EU producers - along with a snap-back of EU retaliatory duties on US products ranging from Harley-Davidson motorcycles to blue jeans.” 

[CNA]

Indonesia proposes critical minerals trade deal with U.S.

“Indonesia does not have a free trade agreement with the United States, but the resource-rich country has ambitions to become a major player in the manufacturing of EVs and their batteries, leveraging its vast nickel reserves.”

[Reuters]

Brazil became the world’s top corn and soy exporter. Cotton is next.

“The difference in cotton exports from the two countries is sharply narrowing amid a robust season in Brazil, adding the fiber to a growing list of crops where the US is losing dominance.”

[Bloomberg]

EU proposes to simplify tax rules and reduce compliance costs for cross-border businesses

“This will reduce compliance costs for large businesses who operate in more than one Member State and make it easier for national tax authorities to determine which taxes are rightly due.”

[European Commission]

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