- Commissioner Šefčovič highlighted the significant EUR 1.6 trillion trade relationship between the EU and the US, emphasizing the need for cooperation amid recent US-imposed tariffs on EU steel and aluminum exports.
- The EU is preparing proportional countermeasures to the US tariffs while aiming to address the root causes of overcapacity in the steel and aluminum sectors through a newly adopted Steel and Metals Action Plan.
- Ongoing trade negotiations with countries like India, Mexico, and members of the Gulf Cooperation Council are a priority, along with proactive engagement with China to resolve trade-related concerns.
Sources
Latest Posts in "European Union"
- From Accounting Entry to Taxable Event: The Acromet Case and VAT-TP Implications
- DG TAXUD Extends ICS2 Road and Rail Transport Deadline to December 31, 2025
- Potential VAT Changes for Travel Businesses: UK and EU TOMS Reforms, New Platform Rules
- EU Report Highlights Need for Enhanced Customs Controls Amid E-Commerce Growth and Non-Compliance
- Recent ECJ/General Court VAT Jurisprudence and Implications for EU Compliance (Jul–Aug 2025)
