Search for:

Tariffs. Customs. Trade Remedies

Tag

EU

Browsing

The EU–Mercosur Free Trade Agreement: A Landmark Deal at a Critical Moment

By , , and 4 Mins Read

After more than 25 years of negotiations, the European Union (EU) and the Mercosur countries have reached and signed one of the world’s most ambitious trade agreements. The EU–Mercosur Free Trade Agreement (Agreement) is not only economically significant, but also politically emblematic for a commitment to rules‑based trade at a time of geopolitical fragmentation. The Agreement creates a free trade area covering more than 770 million consumers across Europe and South America, representing around 25%…

SAVE THE DATE: Stockholm Customs Day, Wednesday 25 March 2026 at 9:00am

By and 2 Mins Read

We are delighted to invite you to an in-person Customs Day focusing on the latest customs and global trade developments. This half day event will be particularly relevant to customs and trade compliance professionals, as well as legal counsels who are keen on staying abreast of the dynamic changes in the field. We are privileged to have speakers from Baker McKenzie in Stockholm, along with esteemed colleagues from other Baker McKenzie offices around the world.…

EU Anti Coercion Instrument: What It Is and What Businesses Need to Know

By , and 8 Mins Read

As summarized in our recent blog post, in response to recent threat of tariffs over the Greenland issue, the EU considered possible responses, including tariffs and triggering of the so-called Anti‑Coercion Instrument (“ACI”). Although these threats appear to have subsided for now, given trade volatility, usage of the ACI remains a live possibility and we wanted to provide a brief overview on the ACI and what companies can do to prepare in the event the…

EU: Update – EU postpones reintroduction of tariffs on U.S. Products to 6 August 2025, following U.S. delay to 1 August

By , , and 2 Mins Read

As mentioned in our US customs team’s blog post, on July 12, US President Trump announced 30% tariffs on the E.U. and Mexico, now due to come into effect on August 1. This post focuses on the EU’s response. On 15 April 2025, the European Commission formalized a 90-day suspension of additional tariffs on certain U.S.-originating products. These measures were part of the EU’s broader rebalancing strategy in response to the United States’ Section 232 tariffs…

EU: CJEU sheds light on customs valuation for provisional pricing structures

By , , , and 4 Mins Read

On 15 May 2025, the Court of Justice of the European Union (“CJEU”) has delivered a judgment in the ‘Tauritus’ case, offering crucial guidance on how to determine the customs value of imported products when their final price is not fixed at the time of importation but is subject to a provisional pricing arrangement. The ruling provides important considerations and clarification for businesses engaged in transactions with such pricing mechanisms. The judgement can be found via…

EU: The European Commission Launches a New Public Consultation on Countermeasures to the Latest US Tariffs and Will Initiate a WTO Procedure

By , and 2 Mins Read

The European Commission has unveiled a proposed response to the US tariffs on cars and automotive parts, as well as the so-called reciprocal tariffs. These countermeasures from the European Union (EU) will be adopted if the ongoing negotiations with the US administration fail. As mentioned in our last blog, the EU decided to pause for 90 days, until 14 July, the implementation of EU countermeasures on a list of US-origin products that could potentially be…

EU: Formalization of the announced 90-day suspension and additional package of EU tariffs on imports of US originating products

By , , , and 3 Mins Read

On 14 April 2025, the European Commission accepted Implementing Regulation (EU) 2025/778 (link), which lays down (additional) retaliatory measures to counter balance those imposed by the US on EU steel and aluminum: At the same time, the European Commission adopted Implementing Regulation (EU) 2025/786 (link), formalizing the 90-day suspension of retaliatory tariffs on imports of US-originating products listed in Annex I, II and III of Implementing Regulation (EU) 2025/778 (link) until 14 July 2025 (see…