Medium-sized companies are to be exempted from several EU requirements, according to a proposal by the European Commission. Among other things, this concerns exemptions under the General Data Protection Regulation and simplified regulations, which are intended to make stock exchange listings easier and less expensive, as the authority announced....
21 May 2025
The EU is one step closer to introducing a levy on small packages from outside the EU. The Financial Times reports that the EU is considering a levy of 2 euros per package. Various national customs authorities have recently sounded the alarm. The authorities are being flooded with packages arriving from outside the EU and called on the region to...
20 May 2025
The European economy surpassed expectations at the start of 2025. The European Commission shared in its most recent economic forecast that the economy had a stronger start than anticipated. The European economy is expected to continue growing slowly in 2025, with an acceleration in 2026, according to the update. The Gross Domestic Product in the...
The UK and the European Union have confirmed a new agreement intended to “make it easier for food and drink to be imported and exported”. How the textile industry will be impacted is not yet known, however. According to a press release from the UK government, the deal, which comes after “extensive negotiations” over the last six months,...
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...
15 Apr 2025
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...
10 Apr 2025
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...
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...
14 Mar 2025
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,...
13 Mar 2025
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...
28 Feb 2025
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...
27 Feb 2025
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...
4 Feb 2025