South Korea will seek an extension to the 90-day pause in U.S. tariffs that is set to expire on July 9, as negotiations are likely to continue past the deadline set between the two countries, a senior South Korean trade official said on June 30.
"We will do our best to be granted by July 8 an extension to continue ne

On July 1, multiple sources reported that Stellantis warned it may have to shut down some factories by the end of 2025 if it fails to meet EU carbon emission targets, which could lead to fines of up to EUR 2.5 billion over the next few years.
The EU now calculates penalties based on emissions from 2025 to 2027, givin

On July 1, the Department of Trade, Industry and Competition, South Africa, announced that on the sidelines of the US-Africa Summit in Luanda, the Deputy Minister met with the US Assistant Trade Representative for Africa on June 24, 2025. 
The meeting followed South Africa's submission of a proposed Framework Deal wi

On July 1, 2025, Australia’s New Vehicle Efficiency Standard Act 2024 (NVES Act) officially came into force, marking a major milestone in the country’s efforts to reduce transport-related carbon emissions.
Under the new legislation, regulated entities, including car manufacturers and vehicle suppliers holding type ap

On July 1, multiple sources reported that the European Union is willing to accept a trade arrangement with the U.S. that includes a 10% universal tariff on many of the bloc’s exports, but wants the U.S. to commit to lower rates than that on key sectors including pharmaceuticals, alcohol, semiconductors and commercial

On June 28-29, multiple sources reported that the Jordan government announced significant reductions in customs duties on imported vehicles, including gasoline, hybrid, and electric cars. The duties on gasoline cars will drop from 71% to 51%, while hybrid vehicles will see rates reduced from 60% to 39%. All electric

On June 30, multiple sources reported that the Russian government has added Daimler Truck to the list of companies against which it is imposing economic sanctions. Daimler Truck had a joint venture with Kamaz in Russia. In 2022, it exited the Russian market and transferred its share to its partner.
Based on multiple

On June 30, the UK Government announced that the UK-US trade deal had come into force, slashing US export tariffs for the UK's automotive and aerospace sectors.
UK car manufacturers can now export to the US under a reduced 10% tariff quota, saving hundreds of millions annually and supporting hundreds of thousands of

On June 29 in an interview on Fox News Sunday Morning Futures, U.S. President Trump noted that among other countries including South Korea and India, that he and Japanese Prime Minister, Shigeru Ishiba have so far failed to reach a deal on tariffs. 
Trump said that with his approaching July 9 deadline, resulting from

On June 30, White House economic adviser Kevin Hassett said that the U.S. will restart trade negotiations with Canada immediately after Canada scrapped its digital services tax targeting U.S. technology firms.
Trump said on June 27 that he was ending all U.S. trade discussions with Canada because of the digital servi

On June 27, the Ministry of Transport and Communications, Finland, announced that it is inviting comments on a draft government proposal for a new act on scrapping premiums for passenger cars for the years 2026–2027. 
Under the proposal, the state would offer a scrapping premium of EUR 2,500 for the purchase of a new

Announced on June 27, 2025, the Thailand Board of Investment (BOI) has approved a new incentive package to encourage greater use of locally sourced content in the production of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and electrical appliances (E&E).
The initiative offers an additio

On June 25, it was reported that Brazil will increase import taxes on electrified vehicles (EVs) starting July 1.
The new rates rise from 25% to 30% for HEVs, from 20% to 28% for PHEVs, and from 18% to 25% for BEVs. This is the final adjustment before the full 35% rate is reinstated for all types in July 2026.
The de

On June 27, Trump posted on his Truth Social that he has terminated trade discussions with Canada, citing an incoming Canadian tax on all tech companies, including those based in the U.S., for which the first payment is due on June 30, as “a direct and blatant attack on our Country."
"Based on this egregious Tax, we

On June 27, the Ministry of Industry and Tourism announced that it has supported Teknia's new electrification project at its production facilities in Ampuero (Cantabria) with an allocation of EUR 1.6 million in the PERTE VEC III program. 
This project also represents the largest business acquisition in Teknia's histo

On June 25, the Minister of Investment and Foreign Trade, Egypt participated in a roundtable dedicated to the automotive industry, held in Shanghai, China, with the participation of several Chinese companies.
The minister announced that Egypt’s automotive industry is undergoing a transformation, focusing on expanding

On June 26, the Foreign Minister of Ghana, in a social media post, announced that it had recently visited GAC at their Panyu headquarters in China and met with its board and management. GAC agreed to give favorable consideration to Ghana for the establishment of an EV manufacturing plant. He stated that Ghana is pois