EU-US Pact to Steady Trans-Atlantic Trade, Forwarder Says — with One Exception 

The eagerly awaited official framework for the EU-U.S. trade truce has been released, signaling a halt in the escalating tensions that have burdened trans-Atlantic trade, and should help steady container flows, said forwarder Kuehne & Nagel.

While not yet legally enforceable, the agreement maintains the 15% tariff on most European Union exports to the U.S. and the 27.5% duty on automobiles. These tariffs will remain in place until Brussels implements reciprocal tariff reductions on a wide array of American industrial and agricultural products.

For container shipping...

 

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