On 3 June 2025, Baker McKenzie kicked off its Annual Compliance Conference Webinar Series with a session focusing on the evolving customs and tariffs landscape under the new U.S. administration. The panel, chaired by Jenny Revis, featured our global experts who unpacked a number of recent sweeping changes, as well as strategic responses for businesses impacted by the ongoing shifts in global trade. The panel examined the current tariff landscape in the US, looking at…
On 15 May 2025, the Court of Justice of the European Union (“CJEU”) has delivered a judgment in the ‘Tauritus’ case, offering crucial guidance on how to determine the customs value of imported products when their final price is not fixed at the time of importation but is subject to a provisional pricing arrangement. The ruling provides important considerations and clarification for businesses engaged in transactions with such pricing mechanisms. The judgement can be found via…
On 7 May 2025, the EU and Singapore took a step forward by signing a landmark Digital Trade Agreement (âDTAâ). The DTA is a self-standing agreement â meaning it is separate to the EU-Singapore Free Trade Agreement and the EU-Singapore Investment Protection Agreement. This comprehensive agreement goes beyond traditional trade deals, focusing specifically on facilitating digital trade and addressing emerging challenges in the digital economy. Upon implementation, the DTA should bolster consumer confidence, guarantee reliable data…
On 30 April 2025, the European Court of Justice (âCJEUâ) issued a judgment on the concept of repayment granted âin errorâ as laid down in Article 116(7) of the Union Customs Code (âUCCâ). This article (116 (7) of the UCC) provides that if customs authorities have granted repayment or remission in error, the original customs debt shall be re-instated (insofar not time-barred). The CJEU ruled that the concept of repayment granted in âerrorâ should be…
The European Commission has unveiled a proposed response to the US tariffs on cars and automotive parts, as well as the so-called reciprocal tariffs. These countermeasures from the European Union (EU) will be adopted if the ongoing negotiations with the US administration fail. As mentioned in our last blog, the EU decided to pause for 90 days, until 14 July, the implementation of EU countermeasures on a list of US-origin products that could potentially be…
On 14 April 2025, the European Commission accepted Implementing Regulation (EU) 2025/778 (link), which lays down (additional) retaliatory measures to counter balance those imposed by the US on EU steel and aluminum: At the same time, the European Commission adopted Implementing Regulation (EU) 2025/786 (link), formalizing the 90-day suspension of retaliatory tariffs on imports of US-originating products listed in Annex I, II and III of Implementing Regulation (EU) 2025/778 (link) until 14 July 2025 (see…
Following the 90-day pause by President Trump on the individualized reciprocal tariffs (see our blog post here), the European Union (EU) followed suit and introduced a 90-day postponement of its retaliatory tariffs aimed at the US. This decision was made to allow both parties to engage in further negotiations and potentially reach a more amicable trade agreement. European Commission President Ursula von der Leyen welcomed President Trump’s decision, stating that the pause would help stabilize…
Introduction Yesterday Commissioner MaroĆĄ Ć efÄoviÄ at the Foreign Affairs Council (Trade) held a press conference following the recent developments following Trumpâs âLiberation Dayâ Tariffs Announcement (see our blog post on that topic here). Commissioner Ć efÄoviÄ addressed the current trade landscape between the European Union (EU) and the United States (US), highlighting both the challenges and opportunities for strategic collaboration. The Impact of Tariffs on EU Exports Approximately âŹ380 billion worth of EU exports to the US,…
Yesterday, following the adoption of Commission implementing Regulation (EU) 2025/664, the European Commission has extended the ongoing suspension of retaliatory tariffs until 14 April 2025. These tariffs were initially adopted in 2018 (Commission Implementing Regulation (EU) 2018/886) and 2020 (Implementing regulation – 2020/502 – EN – EUR-Lex) and were supposed to reapply and come into effect tomorrow. This decision was already announced by the EU trade commissioner during a hearing at the European Parliament on…
There is never a dull moment in the ongoing trade war. With effect of 12 March 2025, the US reinstated the June 2018 Section 232 tariffs on steel and aluminum products at a rate of 25% and extended these tariffs to a larger scope of steel and aluminum products (see our prior blog post on the US Section 232 tariffs here). On 12 March 2025, the EU announced countermeasures which shall protect European businesses and…