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Nigeria reduces import adjustment tax on new vehicles
On July 1, the Nigeria Customs Service (NCS) announced that the Federal Government had simultaneously reduced the import adjustment tax (levies) on new vehicles from 20% to 10%, while on used vehicles, it was cut from 15% to 5% to cushion the impact of the environmental surcharge.
The Nigeria Customs Service (NCS) ha
U.S. declines to extend USMCA trade agreement in current form
On July 1, Ambassador Jamisen Greer issued a statement regarding the review of the United States, Mexico, and Canada (USMCA) trade agreement after the three countries met virtually to discuss the operation of the pact.
Noting that it calls for a joint review of the agreement to be conducted on July 1 of this year, Am
Japan pushes for improved vehicle access in Philippines-Japan trade pact review
Reported on June 30, 2026, Philippine Trade Secretary said the review of the Philippines-Japan Economic Partnership Agreement (PJEPA) is underway, with the government hoping to have the agreement signed by November.
The review started following the Philippine President's state visit to Japan in May 2026. The review s
Iran announces new tariffs for importing cars into free zones
On June 27, multiple sources reported that Iran has announced a new customs tariff for importing vehicles to free zones. According to the new regulations, battery electric vehicles will be subject to only 2% customs duty. Hybrid vehicles with engines up to 2,000 cc will have a 4% tariff. Hybrid vehicles with engines
Argentina-Mexico automotive agreement on duty-free quota remains on hold
On June 10, it was reported that negotiations to renew the Argentina-Mexico automotive agreement on duty-free import quota remain stalled, nearly three months after the previous pact expired on March 18, 2026.
The automotive agreement, Annex I of the Economic Complementation Agreement (ACE) No. 55, allows duty-free v
Anfavea criticizes renewal of zero-tariff import quota for electrified vehicle kits
On June 23, the Executive Management Committee of Brazil’s Foreign Trade Chamber (Gecex-Camex) approved additional zero-tariff import quotas for CKD and SKD electric and hybrid vehicle kits, effective from July 1, 2026. The previous zero-tariff import quota expired on January 31, 2026.
The renewed quota covers import
Mexico and Canada have formed common front on USMCA, says President Sheinbaum
Mexico and Canada have aligned their positions ahead of key July 1 talks on the U.S.-Mexico-Canada Agreement (USMCA), according to Mexican President Claudia Sheinbaum. While both countries formally back a 16-year extension, the U.S. has not yet stated a position.
Responding to a question from CBC News during her reg
UK-India FTA to enter into force July 15; automotive tariffs cut from 100% to 10% under quota
On June 17, the Government of the UK, Department for Business and Trade, announced that the UK-India Free Trade Agreement will enter into force on July 15, 2026, making it the fastest implementation of any trade deal. The agreement is projected to boost UK GDP by GBP 4.8 billion, real wages by GBP 2.2 billion, and bi
Pakistan extends customs duty incentives for EVs and Hybrids until June 2027
On June 12, Pakistan's updated Fifth Schedule to the Customs Act retains concessional customs duty structures for electric and hybrid vehicles under the EV Policy 2020 and Auto Industry Development and Export Policy (AIDEP) 2021-26, with concessions extended until June 30, 2027.
The electric buses and trucks will att
VDA, Germany, welcomes European Parliament approval of US trade agreement
On June 16, the president of the German Association of the Automotive Industry (VDA) welcomed approval of the US trade agreement by the European Parliament and stated that the agreement must now be formally adopted by the EU Council. She said that the US President must withdraw his current tariff threats as soon as t
EU Parliament approves U.S. trade deal, heads to European Council
On June 16, the European Parliament ratified its trade deal with the U.S., voting 440-151, with 50 abstentions. The European Council (EC) is now expected to give their final approval on June 26, ahead of President Trump’s July 4th deadline, as the last step in a yearlong ratification process.
Under the deal, the EU h
Canada's Carney says U.S. wants to avoid vote by Congress on USMCA
On June 12, Canada's Prime Minister Mark Carney spoke about the upcoming USMCA talks in comments to the press ahead of a bilateral meeting at the Elysee Presidential Palace in Paris.
Carney said the three countries in the United States-Mexico-Canada Agreement are currently holding separate, bilateral talks on a varie
U.S. Court of Appeals temporarily upholds Trump’s Section 122 10% global tariffs
On June 11, the Court of Appeals for the Federal Circuit in Washington said that it will allow the Trump administration to collect 10% Section 122 tariffs it imposed in February while legal challenges continue working through the courts.
The action handed a procedural win to the Trump administration as it overruled a
U.S. Court of International Trade pushes Trump administration to issue IEEPA tariff refunds
On June 9, United States Court of International Trade (CIT) Judge Richard K. Eaton urged the Trump administration to quicken its pace to refund importers that paid into its now-defunct International Emergency Economic Powers Act (IEEPA) tariff regime.
Eaton said the government's appeal of his March 4 order requiring
Ford CEO Farley says imported parts needed to keep U.S.-made vehicles affordable
On June 8, Ford CEO Jim Farley spoke about renewal of the USMCA, saying that if Ford is to keep its plan to increase its U.S. vehicle production, then it must be able to import auto parts without heavy tariffs.
"Really, our priority is to be able to import parts, build as much as we can in our country, but import par
Trump signs order to strengthen customs enforcement
On June 3, President Trump issued a new order to strengthen customs enforcement.
The Order directs the Department of Homeland Security (DHS) and U.S. Customs and Border Protection (CBP) to strengthen requirements for importers of record (IORs), including:
• increasing bonding requirements and requiring IORs to ma
Polestar 2 returning to Canadian market
The Polestar 2 is returning to Canada in September for the 2027 model year after a two-year absence caused by Canada’s former 100% tariff on Chinese-built EVs. The Polestar 2 is now available to order, starting at CAD 69,900, and features an upgraded core processor that improves infotainment performance.
For 2027, th
U.S. proposes new Section 301 tariffs to replace Section 122, IEEPA tariffs
On June 2, the Office of the U.S. Trade Representative determined under Section 301 (b) of the Trade Act of 1974 that the failure to impose and enforce a prohibition on the importation of goods produced with forced labor provides reason for actions to be taken against 60 countries examined by the USTR since March 12,
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