European Union negotiators are expected to agree on Tuesday (19 May) on legislation removing import duties on U.S. industrial goods, in a move aimed at implementing last year’s trade agreement with the United States and avoiding higher tariffs threatened by U.S. President Donald Trump.
EU Council has adopted its position on a regulation that will impose tariffs on remaining agricultural products from Russia and Belarus, as well as certain nitrogen-based fertilizers. These tariffs aim to reduce Russian export revenues, limiting Russia's ability to finance its war against Ukraine.
Canada has blocked imports from the largest U.S. pork processing facility operated by Smithfield Foods, the company said on Friday.
The Azerbaijani government has extended the exemption from customs duties on importing aviation fuel until December 31, 2025.
President Trump announces plans to impose new tariffs on Canada and Mexico, alongside doubling tariffs on Chinese imports, starting next Tuesday. The move is part of his strategy to address trade imbalances and protect American industries.
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