The EU's duties on low-value parcels take effect next July as US-Switzerland-Liechtenstein duty changes land, and peak ex-China air freight demand eases.
The U.S. reduces tariffs on most South Korean imports to a 15% minimum, retroactive to mid-November, while Northern European ports see ongoing vessel delays.
The U.K. plans to eliminate its duty-free exemption for goods under £135 by 2029 as ex-Asia air freight faces elevated demand, November 26, 2025.
The US unveils new trade frameworks and reciprocal tariff exemptions, the EU moves to end its low-value duty exemption, and TPEB overcapacity persists.
The U.S. and China begin implementing tariff truce measures as the EU agrees to eliminate duty-free treatment for low-value goods under €150 by 2026.
After Trump and Xi met in South Korea, the US moved to cut China's fentanyl tariff from 20% to 10% as congestion persisted at major European base ports.
Trump threatens substantial new tariffs on nations with digital service taxes, plus chip-export curbs, as demand for ex-India air freight skyrockets.
The U.S. adds 407 HTS codes to Section 232 steel and aluminum duties as European ports face peak season congestion, in the update for August 21, 2025.