The Council of the European Union has formally adopted two regulations implementing tariff commitments agreed in the 2025 EU-U.S. Joint Statement, removing the remaining customs duties on American industrial goods and completing the legislative process.
The move marks the latest step in strengthening the transatlantic trade relationship between the European Union and the United States.
The regulations remove EU customs duties on U.S. industrial imports, introduce tariff-rate quotas and reduce tariffs on certain American seafood and non-sensitive agricultural products. They also extend the suspension of duties on lobster imports, including processed lobster.
Michael Damianos said the measures strike a balance between open trade and protecting European businesses and workers.
The package also includes stronger safeguard mechanisms, allowing the European Commission to act quickly if imports surge or if Washington fails to uphold its side of the agreement.
Ursula von der Leyen said the changes would bring “greater choice and better prices” for businesses and consumers, calling it a reinforcement of the world’s most valuable transatlantic economic relationship.
The main regulation will remain in force until the end of 2029, when the European Commission will assess its economic impact and decide whether to extend it.
The suspension of lobster tariffs applies retroactively from 1 August 2025 and will remain in effect until July 2030.
EU-U.S. trade in goods and services exceeded €1.7 trillion in 2025, accounting for nearly 30% of global trade and 43% of global GDP.
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Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 21st of July, covering the latest developments you need to know.
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