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Despite Frayed US-Mexico Relations, Mexican Official Optimistic for NAFTA Deal
June 13, 2018 by Mara Lee|International Sources

The No. 2 official at the Mexican Embassy in the U.S. said that while populist statements about the border have adversely affected the U.S.-Mexico relationship, there's optimism that NAFTA negotiations will be successful. Ambassador Jose Antonio Zabalgoitia, deputy chief of mission, said "we have been reminded that good neighbors can't be taken for granted," speaking June 13 at a Wilson Center event on the U.S.-Mexico border. "Truly the tariffs on steel and aluminum haven't helped the overall environment, the atmosphere of the trade talks," he said, but negotiations continue.

European Commission Plans Big Spending Increase on Customs
June 8, 2018 |International Sources

The European Union is budgeting for major improvements to its customs system between 2021 and 2027, the European Commission said in a June 8 news release. The EC said it will budget about $1.1 billion in customs improvements for the six-year span, up from $616 million from 2014-2020, it said in a fact sheet. "The new customs budget will help customs administrations to deal with increasing trade flows and emerging trends and technologies, such as e-commerce and blockchain," it said. The EU collected about $23.9 billion in customs duties on imports during 2017, it said.

European Commission Approves Retaliatory Tariffs on US Goods
June 6, 2018 |International Sources

The European College of Commissioners gave its approval for the European Union to go ahead with new tariffs on goods from the U.S., the European Commission said in a news release. "The Commission expects to conclude the relevant procedure in coordination with Member States before the end of June so that the new duties start applying in July," it said. The EU tariffs are meant as a response to the Trump administration's decision to end the exemptions from tariffs on steel and aluminum goods from the EU (see 1806010022).

Topics:Customs duty