EU news and archive

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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Investments, trade, and diplomacy: The EU bets on India

The European Commission made an official visit to India on February 27–28, marking a new step in strengthening diplomatic and trade relations between the two powers. This visit, which brought together more than twenty European commissioners, aimed to revive a "strategic partnership" between the EU and India, focusing on three key areas: trade,...

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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’s sustainability reporting shake-up: What’s changing and what it means for fashion

The European Commission is moving forward with amendments to the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD) through its “Simplification Omnibus Package.” A leaked draft has sparked heated debate, revealing major shifts in reporting thresholds, compliance timelines, and due...

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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...