Tariffs Update: US and EU Reach Framework Trade Deal
The US and the EU have announced a framework trade deal, just days after the EU published countermeasures that were set to come into effect if no agreement was reached with the US. Commission Implementing Regulation (EU) 2025/1564, published in the Official Journal of the European Union on July 24, combined the two tranches of countermeasures against US goods that the EU had been readying in recent months. The US products affected by this regulation included… [Read more]
Indonesia: Political Agreement on Comprehensive Trade Deal With EU
On July 13, 2025, Indonesia and the EU announced that they had reached a political agreement on the Comprehensive Economic Partnership Agreement (CEPA). Earlier this month, Indonesia was classified by the World Bank as an upper-middle income country for the third year in a row, thus meeting the threshold for graduating out of the EU’s Generalized Scheme of Preferences (GSP). The signing of the final agreement is expected to take place in September.
Kenya: Ban on Export of Raw Macadamia Nuts
Following multiple interceptions of macadamia shipments in Kenya in recent weeks, on July 18 the Kenyan Agriculture and Food Authority (AFA) announced a ban on the export and transit of raw macadamia nuts through Kenyan ports, as reported by the Standard. The ban applies to all raw macadamia nuts, regardless of country of origin.
Pakistan: Reduced Tariffs on Almonds and Other Nut and Dried Fruit Imports
According to the Almond Board of California, Pakistan has lowered tariffs on imports of almonds. The regulatory duty was reduced to 10% (down from 20%) and the customs duty was reduced to 10% (down from 20% on kernels and 16% on in-shell almonds). An additional customs duty of 6% and 4%, respectively, was eliminated. Other nuts and dried fruits have also benefited from lowered duties. For further information, see Statutory Regulatory Orders 1151 (l)/2025 and 1152 (I)/2025.