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.
Ukraine is set to restart attacks on Russian oil refineries following a two-day pause, President Volodymyr Zelenskyy said, amid growing tensions wi...
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s...
Türkiye says talks with Washington are continuing over six F-35 fighter jets it purchased but never received, as Ankara pushes for the lifting...
Yemen’s Houthis have claimed responsibility for the recent drone and missile strikes on Saudi Aramco facilities in Dhahran and Riyadh and at King Khalid International Airport in Saudi Arabia, vowing to carry out more attacks in the coming days.
The Saudi-led coalition said early Thursday that it intercepted and destroyed a drone over Saudi Arabia’s Eastern Province.
Ukraine's soldiers have had their access to Starlink satellite internet restricted. Kyiv's troops use the terminals, made by Elon Musk's SpaceX, to pilot drones. A source in Ukraine's Defence Ministry said the restrictions would make it harder for Kyiv's army to down Russian drones.
Ukraine is set to restart attacks on Russian oil refineries following a two-day pause, President Volodymyr Zelenskyy said, amid growing tensions with Washington over energy strikes and U.S. military support.
Kenya has confirmed a second case of Ebola, intensifying efforts to prevent the spread of the virus after the country recorded its first-ever infection earlier this month.
Ukraine is set to restart attacks on Russian oil refineries following a two-day pause, President Volodymyr Zelenskyy said, amid growing tensions with Washington over energy strikes and U.S. military support.
Tens of thousands of students have taken to the streets across Albania to protest rising education costs and corruption, with demonstrations turning violent. Prime Minister Edi Rama has rejected calls to resign, insisting his government will remain in office.
Britain has announced new military, energy and nuclear-safety support for Ukraine following President Volodymyr Zelenskyy’s talks with Prime Minister Andy Burnham in London.
A maritime dispute between Washington and Madrid is escalating after a U.S. federal agency proposed new measures that could affect Spanish shipping companies and a range of exports headed to the American market.
Kenya has confirmed a second case of Ebola, intensifying efforts to prevent the spread of the virus after the country recorded its first-ever infection earlier this month.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment