- The EU formally adopted two Regulations on 25 June 2026 to implement the EU-US tariff commitments from the 21 August 2025 Joint Statement.
- The main Regulation removes remaining EU customs duties on US industrial goods and gives preferential access for certain US seafood and non-sensitive agricultural products.
- A separate Lobster Regulation extends the duty suspension on lobster imports from all countries on an MFN basis, retroactive to 1 August 2025.
- The measures affect customs duty collection and compliance for EU businesses trading with the US, and include stronger safeguards allowing the Commission to suspend preferences quickly if the US breaches its commitments.
- The Commission must report by 30 June 2029 on the impact on trade flows, tariff revenue, economic effects, and SMEs; both Regulations take effect after publication in the Official Journal.
Source: etaf.tax
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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