EU news and archive

German finance minister Kukies: US has interest in agreement in tariff conflict

The acting German finance minister, Jörg Kukies, sees a good chance of an agreement in the international trade conflict. US representatives made it clear during discussions within the G7 and G20 groups that there was great interest in reaching an agreement, the Social Democratic Party politician said on the sidelines of the International...

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EU Postpones retaliatory tariffs on US products until mid-July

In the trade dispute with the US, the EU suspended the application of planned special tariffs on US products until July 14. With the corresponding publication in the EU Official Journal, the EU is implementing an announcement by European Commission President Ursula von der Leyen. She announced last week that the measure, which was originally...

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EU postpones retaliatory tariffs after US hits pause button

The European Commission is freezing its retaliatory tariffs against the US for 90 days. This is in response to a rollback by US President Donald Trump, who announced that certain recently introduced import duties would be postponed for 90 days. Trump paused the announced high import duties for goods from dozens of countries. During the 90...

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EU greenlights first set of tariffs hitting back at US

The EU on Wednesday adopted its first measures hitting back at President Donald Trump's tariff onslaught, targeting more than 20 billion euros of US goods including soybeans, motorcycles and beauty products. The levies of up to 25 percent are retaliation for US duties on steel and aluminium imposed last month -- with Europe's response to Trump's...

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Beauty industry warns EU against cosmetics trade tariffs

L’Oréal and a coalition of leading beauty companies have urged the European Union to exclude cosmetics from potential retaliatory tariffs on US exports, warning that such measures could harm European businesses more than their American counterparts, according ot the Financial times. The EU is considering tariffs on over 1,700 US goods in...

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What do the European import tariffs on American products mean for the fashion industry?

Trade relations between the European Union and the US have become more complex since President Donald Trump re-launched import tariffs. In retaliation, on March 12, the EU launched its own import tariffs to protect European businesses, workers, and consumers from the consequences of unjustified trade restrictions. These so-called ‘retaliatory...

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EU imposes own import duties on US, textiles and leather goods become more expensive

The European Union (EU) has launched countermeasures to the import duties imposed by the US. The EU is introducing its own import duties to protect European companies, workers and consumers from the consequences of unjustified trade restrictions, the organisation announced in a memo. Import duties are requested for textiles and leather goods,...

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EU Clean Industrial Deal: Fashion and textile industry responds

The European Union's new agreement, the Clean Industrial Deal, is intended to help European industry move forward in times of high energy costs and global competition. The new deal also has implications for the fashion and textile industry – initial reactions from the industry are already emerging. In brief: The Clean Industrial Deal aims to...

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Trump unleashes tariff war with EU and announces a +25 percent tariff on imports

Continuing with the new direction of United States policy that the new Administration of President Donald J. Trump is beginning to set on all fronts, this Wednesday, February 26, Washington DC time, the American president himself took it upon himself to advance the decision that his new Government has already adopted in relation to its...

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EU prepares for possible trade war with the US

The EU is preparing for a possible trade war with the US. Following US President Donald Trump's announcement of new tariffs on imports from Mexico, Canada and China, European heads of state and government expressed their determination at a summit in Brussels not to simply accept similar decisions against the EU. As a strong economic area, one...

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Is the EU simplifying or weakening corporate sustainability standards?

The European Union has introduced a raft of sustainability regulations to ensure that companies meet certain due diligence and reporting standards. But recent political moves have raised concerns that these laws, still in their infancy, could be weakened before they are even properly implemented. This raises an important question: could the EU...

How to comply with the CSRD? Frontrunner Schijvens Corporate Fashion shares the tips for SME companies

Schijvens Corporate Fashion is a leader in sustainability and has taken a pioneering role in preparing for the CSRD. Although the reporting requirement is not yet in effect for SMEs, the Brabant-based family business, which falls into this category, has already provided sustainability information with its latest annual financial statement...