On July 23, the U.S. directed the implementation of new Section 301 tariffs on imports from 60 economies over concerns related to forced labor import enforcement. Tariffs of 10% or 12.5% will apply to goods from countries including Canada, Mexico, Japan, South Korea, members of the European Union, China, India, Thail
On July 21, Hyundai Mexico said it has changed the production source of the Creta SUV from Indonesia to Vietnam to avoid Mexico's 50% import tariff on vehicles from countries without a free trade agreement.
The company said the change will take effect in August and will allow it to maintain the model's current pricin
Trade negotiators from the U.S. and Mexico met in Mexico City on July 21 for the third bilateral round of negotiations to revise the United States-Mexico-Canada Agreement (USMCA). The negotiations will take place across three days and are the first formal negotiations between the countries since the Trump administrat
On July 20, 2026, U.S. President Donald Trump imposed new 50% tariffs on a range of imports from Canada as an executive action in response to what the administration describes as “discriminatory treatment of American products”.
The tariffs cover a range of consumer goods including wine, dairy products, and cement, bu
Mexico will ask the U.S. to eliminate tariffs on automobiles, steel, and aluminum during the USMCA review scheduled for July 21. Mexico President Sheinbaum’s administration submitted a 13-point agenda to restore certainty for manufacturers and prevent future unilateral trade actions.
Mexico’s Economy Secretary Marcel
On July 15, the Trump administration rolled out regulations adding 25% tariffs for Brazil, ahead of a renewed rollout of new global tariffs. Additional tariffs on other countries are expected within weeks and could cover more than 80 countries.
The official notice from the Office of the U.S. Trade Representative note
On July 8, the European Parliament gave its consent to the modernized EU-Mexico Global Agreement (MGA) and the Interim Trade Agreement (iTA), paving the way for stronger political and trade relations between the European Union and Mexico.
The MGA aims to expand business opportunities, promote sustainable development,
On July 7, the European Commission published a regulation imposing definitive anti-dumping duties on imports of passenger-car and light-lorry tires originating in the People’s Republic of China. The definitive anti-dumping duties imposed range from 4.3% to 45.3%.
The imposition of definitive duties follows an investi
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
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
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
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
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
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 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
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
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
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
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
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