Our Scans · EU Exit Export · Weekly Summary

• [New] Recent progress on the EU-US trade agreement reduces near-term tail risks, but trade policy uncertainty remains. The Conference Board
• [New] Ireland will assume the Presidency of the Council of the European Union from July, with a focus on competitiveness and practical engagement with the United Kingdom regarding post-Brexit trade and customs arrangements. WOF Group
• The increase in imports from China concentrated in a few products is very visible, whereas export opportunities for EU producers are more diffuse. InterEconomics
• SMMT warns waiting a year for formal adoption could delay investment and disrupt EU-UK automotive trade worth €80 billion annually. International Organization of Motor Vehicle Manufacture
• Trump's EU auto tariff escalation widens trade risk beyond Europe. Fault Lines
• Donald Trump has threatened tariffs of 10% -12.5% on 60 trading partners including the UK, the EU and Australia over alleged forced labour failures, in the latest attempt to revive his signature trade policy. The Guardian
• Discussions will help shape the future trajectory of Nigeria-EU trade and investment relations, reflecting a growing mutual commitment to strengthened economic ties. International Partnerships
• OFAC's warning against payments or guarantees to Iran raises the legal and financial risk around safe passage, while Trump's EU auto tariff hike gives Seoul a warning that allied trade arrangements can be reopened when Washington links economic leverage to security demands. Fault Lines
• Starting in 2026, a carbon price on imports of carbon-intensive goods will be gradually introduced, aligned with the EU Emissions Trading System. CO2 IQ
• Cost burdens will switch to non-EU goods imports with an estimated extra impact of £300m ($402.5m). Just Food
• As much as four million tonnes of goods coming into the UK, or 50% of imports, could fall within the scope of expanded EU-style SPS controls. Just Food
• The alignment with EU rules will affect importers and exporters of SPS goods, as well as regulated agri-food businesses, environmental health officers, port authorities and their health inspection bodies. Just Food
• Global trade growth is forecast to slow sharply to 1.9% in 2026 as U.S. tariff deadlines, a stalled EU deal, China redirections, and Middle East supply disruptions converge into the most complex trade environment in decades. Pomegra
• Under the original Turnberry agreement, EU goods entering the U.S. faced a 15% tariff, avoiding the threatened 30% rate. Pomegra

Last updated: 19 June 2026