The EU Council has formally adopted two regulations implementing the tariff-related commitments set out in the EU-US Joint Statement of 21 August 2025.
The EU exported €366.2 billion worth of medicinal and pharmaceutical products in 2025, importing €145.7 billion, according to Eurostat, resulting in a record trade surplus of €220.5 billion.
EU Council and Parliament negotiators have reached a political agreement on new measures to counter the negative effects of the global steel surplus including lower import quotas and increased custom duties.
The EU exported €199.6 billion worth of goods to China in 2025, while it imported €559.4 billion, resulting in a trade deficit of €359.8 billion, according to figures from Eurostat.
The EU Parliament and Council have reached agreement on a major reform of the EU Customs Code to address problems relating to e-commerce, safety of goods and efficiency.
The EU’s trade in goods balance registered a surplus of €128 billion in 2025, representing a decrease of €8 billion compared with 2024 (€136 billion), according to Eurostat.
The EU exported €36.9 billion worth of goods to Australia in 2025, and imported €10.2 billion, resulting in a €26.7 billion trade surplus, according to Eurostat.
