The European Commission welcomed a political agreement between the European Parliament and Council on two Regulations to eliminate tariffs on all US industrial goods and grant preferential market access for certain US agricultural and seafood products. This implements the EU-US trade deal framework. The agreement covers both tariff elimination and agricultural/seafood access provisions.
Topic Archives:Tariffs
EU and Mexico Sign Modernised Global Agreement and Interim Trade Agreement at Historic Summit
The EU and Mexico signed the Modernised Global Agreement (MGA) and an interim Trade Agreement (iTA) at a bilateral summit. This represents a significant upgrade to the existing EU-Mexico trade relationship. Details of tariff schedules, market access commitments, and other provisions are expected within the full agreement text.
Call for Input on Goods for Cost-of-Living Tariff Suspensions
The UK government is consulting on potential tariff suspensions covering agricultural goods, fertilisers, and kerosene, aimed at mitigating consumer cost pressures linked to the Middle East conflict. The call for input seeks stakeholder views on which goods should be covered. This is a formal policy consultation with specific product categories named.
USTR Section 301 Determination on Brazil’s Unreasonable Acts, Policies, and Practices
USTR has made a formal Section 301 determination that Brazil’s acts, policies, and practices are unreasonable, covering digital trade and electronic payment services, preferential tariffs, anti-corruption enforcement, IP protection, ethanol market access, and illegal deforestation. This determination under the Trade Act of 1974 could lead to retaliatory trade measures against Brazil. The action spans multiple […]
June 2026: CPO Reference Price Falls, Export Reference Prices for Cocoa Beans and Pine Resin Rise, Leather Products Stable, Wood Products Vary
Indonesia’s Ministry of Trade has set the June 2026 reference price (Harga Referensi) for crude palm oil (CPO) at USD 1,029.51/MT, down 1.91% from May 2026, which affects export duty and palm oil fund levy calculations. Export reference prices (HPE) for cocoa beans and pine resin are set higher, while leather product prices remain unchanged […]
USD Strengthening Drives Correction in Gold Export Reference Price for June 2026 Period I
Indonesia’s Ministry of Trade has set the export benchmark price (HPE) for gold at USD 148,396.49/kg for the first period of June 2026, down 1.43% from USD 150,555.29/kg in the second period of May 2026. The reference price (HR) also fell to USD 4,615.65 per troy ounce from USD 4,682.80. These rates are established under […]
WTO Dispute: China’s Consultations Request on EU Countervailing Duties on Battery Electric Vehicles
China requested WTO consultations with the EU on November 4, 2024, challenging the EU’s definitive countervailing duties on new battery electric vehicles (BEVs) from China and the underlying investigation. China alleges the measures are inconsistent with multiple provisions of the WTO SCM Agreement and GATT. This is a formal WTO dispute proceeding.
Ambassador Greer Issues Statement on Preferential Duty Access for Whiskey Produced in the United Kingdom
USTR Ambassador Greer issued a statement following President Trump’s announcement of preferential duty access for UK-produced whiskey, referencing the previously announced US-UK General Terms for an Economic Prosperity Deal. The statement indicates a specific tariff concession for UK whiskey as part of ongoing bilateral trade negotiations. This reflects a named preferential duty measure within the […]
Public Hearings on Section 301 Investigations into Structural Excess Capacity
USTR will hold public hearings May 5–8, 2026 on Section 301 investigations covering 16 economies’ acts, policies, and practices related to structural excess capacity in manufacturing sectors. Section 301 investigations can lead to tariffs or other trade remedies against unfair trade practices.
Second Period May 2026: Global Gold Price Correction Triggers Decline in Gold Export Reference Price and Reference Price
Indonesia’s Ministry of Trade has set the gold export benchmark price (HPE) at USD 150,555.29/kg, down 1.72% from the previous period, and the reference price (HR) at USD 4,682.80/troy ounce for the second period of May 2026. These are formalized in Ministerial Decree No. 1343 of 2026. The adjustments reflect corrections in global gold prices.