AGP Executive Report
Last update: 8 hours agoMetals Tariffs: The U.S. temporarily eased Section 232 duties on steel, aluminium and copper derivatives, cutting tariffs on agricultural equipment (25%→15%) and expanding a 15% bracket to mobile industrial gear like bulldozers and forklifts—an effort to relieve cost pressure for U.S. farmers, construction and housing, while keeping the broader protectionist metals framework intact. Border Tech for Industry Travelers: Europe’s Entry/Exit System (EES) is fully operational across Schengen (29 countries), with biometric checks now standard at external borders; Liechtenstein is included, and the rollout is still causing “wrinkles” that could slow cross-border movement for business travel. Trade & Supply Chains: India and Oman’s CEPA kicks in June 1, expanding duty-free access for most tariff lines and boosting market access for sectors including textiles and agricultural goods—another signal of shifting trade routes that can ripple into European production planning. Green Transition Funding: Poland’s new €160m climate and energy programme is backed by Norwegian and EEA grants, with Liechtenstein, Iceland and Norway named as partners, targeting geothermal, storage, air quality and circular economy projects. Healthcare & EU Labels: AbbVie secured an expanded EU authorization for VENCLYXTO combinations in first-line CLL, with coverage extending to EU states plus Iceland, Norway and Liechtenstein.
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