The EU will reduce its tariff-free steel imports by 47% from 2024 levels to 18.3 million metric tons per year.
Trade
Latest Trade intelligence from 6 public ZettaWire signals, led by: 🚨 EU to cut tariff-free steel imports by 47% from 2024 levels, capping annual quota at 18.3 million metric tons. The move reshapes global steel trade flows as Brussels tightens import controls. #EU #Steel
SAS orders up to 40 Airbus widebody jets worth over $10 billion.
UK to create a £50 billion defense export facility, Starmer says.
A US declaration to exit the USMCA would start a decade-long countdown for the trade pact.
President Donald Trump announced a 25% tariff on cars and trucks imported from the European Union, alleging that the bloc is not complying with existing trade agreements.
The closure of the Strait of Hormuz has stranded nearly 1,200 cargo ships carrying approximately $125 billion worth of goods, according to the Financial Times.
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