Our Scans · EU Exit Import · Weekly Summary

• [New] Businesses already using EU trade policy as a customs advantage will be seeking the commercial opportunity that the EU-US trade deal presents. Customs Support Group
• [New] New Zealand must secure first mover advantage and a strong foothold as African economies start to trade, or we risk losing out to the EU, to the US and to China. RNZ
• Any tightening of EU import MRL standards or South Africa's own registration reviews could restrict access to premium export markets. VitaLarch (Pty) Ltd
• Calibrated Automobile Import Deregulation: India will reduce its high import tariffs on British passenger vehicles (previously around 110%) down to 10% over a decade. INSIGHTS IAS - Simplifying UPSC IAS Exam Preparation
• The main benefit to the EU of the Turnberry Deal might be at least a certain degree of predictability with regards to US trade relations, as it is highly unlikely that the current US Administration will give up on tariffs. German Economic Institute (IW)
• The budget talks carry particular political risk because Le Pen has proposed sharply reducing France's contributions to the EU, while Paris and Berlin have historically disagreed over both common financing and trade policy toward China. Stock Market Update
• Industry & Manufacturing - China's EV supply chain investments in Morocco exceeded $1.3 billion, strengthening Rabat's battery industry while increasing European concerns that Chinese manufacturers could bypass EU tariffs through Moroccan production. More News From NowHere
• In July, EU leaders accepted a one-sided trade deal in the hope of convincing Trump to keep backing Ukraine, and Japan and South Korea got their tariff levels lowered, in deals signed in July and November, respectively, by pledging to invest in the U.S. economy. Foreign Affairs Magazine
• US import tariffs on EU-built vehicles are increasing costs for European OEMs with significant US export exposure and will accelerate production localization in North America. atradius
• The short-term prospects for EU agricultural markets in 2026 remain robust, despite the repercussions of the conflict in the Middle East which are adding to pre-existing challenges and risks, including weather-related ones, animal diseases and persistent trade tensions. Agriculture and rural development
• The EU in the first 54 days of the Iran war shelled out 25 billion euros ($29 billion) more to import oil and gas while facing the risk of a longer-term jet fuel shortage. Fortune

Last updated: 03 August 2026