CUS NEWS REPORT FOR WEEK 23 OF 2026

30th May 2026 – 05th June 2026

 

LOCAL NEWS

1. Official Working Visit of the Shipping Deputy Minister, Mrs. Marina Hadjimanolis at Athens and Luxembourg

On Sunday, 31 May 2026, the Deputy Minister of Shipping, Mrs. Marina Hadjimanolis, departed for a working visit to Athens to attend the international maritime exhibition Posidonia 2026, as well as, to attend a number of events held in conjunction with the exhibition. During her visit, the Deputy Minister held meetings with shipowners and representatives of shipping companies, promoting the Cyprus Ship Registry and highlighting the strengths and competitiveness of Cyprus shipping. Furthermore, on Wednesday, 3 June 2026, Mrs. Hadjimanolis hosted a reception on the sidelines of the Posidonia 2026 exhibition, bringing together key stakeholders from the international maritime community.

On Saturday, 6 June 2026, the Deputy Minister travelled to Luxembourg, where, within the framework of the Cyprus Presidency of the Council of the European Union, she is to participate in and chair the maritime transport matters of the Transport, Telecommunications and Energy (Transport) Council of the European Union, convened on Monday, 8 June 2026, jointly with the Minister of Transport, Communications and Works, Mr. Alexis Vafeades. At the Council, Ministers are expected to adopt conclusions on the EU maritime industrial strategy and on the EU ports strategy, and to hold an exchange of views on the decarbonisation of the transport sector beyond 2030.

Related Articles:

SDM 31/05 - Official Working Visit of the Shipping Deputy Minister, Mrs. Marina Hadjimanolis at Athens and Luxembourg

European Council - Transport, Telecommunications and Energy Council (Transport), 8 June 2026

Cyprus Presidency of the Council of the EU 2026

 

2. Re-Election of Mrs. Annita Demetriou as President of the House of Representatives of Cyprus

On Thursday, 4 June 2026, DISY leader Mrs. Annita Demetriou was re-elected as President of the House of Representatives for a second consecutive term, securing the support of 29 out of the 56 Members of Parliament during the inaugural session of the newly elected House following last month's parliamentary elections.

The Cyprus Union of Shipowners has sent a congratulatory letter to Mrs. Demetriou, extending its best wishes for a successful term of office and every success in her duties as President of the House of Representatives.

Related Articles:

House of Representatives 04/06 - Re-Election of Mrs. Annita Demetriou as President of the House of Representatives of Cyprus

CyprusMail 04/06 - Annita Demetriou re-elected as House President

CBN 5/6 - Annita Demetriou re-elected President of House of Representatives

Knews 4/6 - Annita Demetriou wins second term as Speaker of the House

 

3. Kazakhstan and Cyprus sign agreements to bolster trade and investment cooperation

During the first official visit by a Cypriot president to Kazakhstan, on Wednesday, 3rd June 2026, Cyprus and Kazakhstan signed five cooperation agreements and pledged to deepen economic ties.

President Christodoulides said Kazakhstan has become an increasingly important economic and transport hub in Central Asia, while Cyprus can offer access to European markets as a member of the European Union and the eurozone. He said both sides discussed opportunities to expand cooperation in areas including shipping, services, renewable energy and technology.

In comments to Euronews, Deputy Minister to the President of Cyprus, Irene Piki, said investment links between the two countries have continued to expand, with Cypriot investments in Kazakhstan estimated at around $4 billion (€3.4bn). "The sectors that we specially focusing on are digitalisation, financial services, logistics, shipping. There are a lot of things that we can offer both for investment from Cyprus to Kazakhstan and the other way round", Piki said.

Kazakh President Kassym-Jomart Tokayev has invited Cyprus to participate in the development of the Trans-Caspian International Transport Route, seeking to strengthen trade links between Central Asia and the Mediterranean through one of Eurasia’s fastest-growing trade routes.

The TITR, also known as the Middle Corridor, connects China and Europe through Kazakhstan, the Caspian Sea, the South Caucasus, and Turkey. The route is approximately 3,000 kilometers shorter than the traditional northern route through Russia and currently allows cargo to travel from China to Europe in 10 to 15 days, compared with roughly twice that time via the northern corridor and up to 60 days by sea.

“Cyprus is a world-class maritime hub, and the Middle Corridor creates significant opportunities to effectively connect Kazakhstan’s land transport infrastructure with Cyprus’s maritime infrastructure,” Tokayev said during a joint press briefing following the talks.

According to Tokayev, such cooperation could help establish a new multimodal logistics network linking Central Asia, the Caspian region, and the Mediterranean while supporting growth in bilateral trade.

Related Articles:

Cyprus and Kazakhstan deepen ties with agreements, flights and investment plans | Euronews

Cyprus ready to enhance cooperation with Kazakhstan | Cyprus Mail

Cyprus seeks closer ties with Kazakhstan in trade, energy and tourism, KNEWS

Kazakhstan Eyes Cyprus as Middle Corridor Link to Mediterranean - The Times Of Central Asia

President optimistic that entrepreneurs can lead to new Cyprus - Kazakhstan ties (pics)

Speech by the President of the Republic of Cyprus, Mr Nikos Christodoulides, at the Cyprus-Kazakhstan Business Forum, in Astana - Gov.cy

 

INTERNATIONAL NEWS

4. Posidonia 2026 – Strong Cyprus Shipping Presence and Participation of the Cyprus Union of Shipowners

On Monday, 1 June 2026, the international maritime exhibition Posidonia 2026 opened its doors at the Metropolitan Expo in Athens, running until Friday, 5 June 2026. The largest edition in the event's history, Posidonia 2026, brought together 2.227 exhibitors from 83 countries and regions, as well as a record 24 national pavilions, reaffirming its position as one of the world's leading maritime exhibitions.

The opening ceremony, held on 1 June 2026, was attended by the Prime Minister of Greece, Mr. Kyriakos Mitsotakis, the Secretary-General of the International Maritime Organization, Mr. Arsenio Dominguez, the European Commissioner for Sustainable Transport and Tourism, Mr. Apostolos Tzitzikostas, the President of the Union of Greek Shipowners, Mrs. Melina Travlou, and the President of Panama, Mr. José Raúl Mulino. In his address, Prime Minister Mitsotakis stressed that "Greek shipping is a national and European asset that must be preserved."

The Cyprus’s Shipping Deputy Ministry participated in the exhibition, showcasing the strength of the Cypriot flag. The CEO of our Union, Mr. Michael Filippou, together with the Director of the Shipping Deputy Ministry, Mr. John Efstratiou, and other officials, welcomed Prime Minister Mitsotakis during his visit to the Cyprus pavilion, reflecting the strong and close cooperation between the Cypriot shipping industry and the Greek government.

Throughout the Posidonia week, the CUS President, Mr. Polys V. Hajioannou, together with other members of the Union and company executives, visited the Cyprus pavilion, underscoring the strong representation of Cyprus shipping and fostering valuable networking opportunities with key stakeholders from the international maritime community.

The highlight of the week was the reception hosted by the Shipping Deputy Minister, Mrs. Marina Hadjimanolis, on Wednesday, 3 June 2026, at Golf Privé, which was attended by members of the Cyprus Union of Shipowners and distinguished industry representatives.

Photos from the event are attached.

Related Articles:

Posidonia Events 1/6 - Posidonia 2026 Opens Its Gates As Strait of Hormuz Remains Closed

Safety4Sea 2/6 - Shipping leaders convene at Posidonia 2026 amid Hormuz uncertainty

Enalios 3/6 - 54 συμμετοχές της Κυπριακής ναυτιλίας στα Ποσειδώνια 2026

Cyprus Mail 5/6 - Shipping confronts its defining decade at Posidonia

Kiprinform 5/6 - Cyprus shipping ministry hosts Posidonia 2026 reception to promote registry

CNA 5/6 - Deputy Shipping Minister at Posidonia 2026 International Maritime Exhibition in Athens

 

5. Posidonia 2026: EU Commissioner says that companies will not face double charges for emissions

At Posidonia 2026, the European Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, highlighted key priorities and commitments of the European Commission for the maritime sector.

He confirmed that EU shipping companies will not be subject to double carbon pricing under both the EU Emissions Trading System (ETS) and any future International Maritime Organization (IMO) emissions framework. He also advocated for the reinvestment of shipping-related ETS revenues into maritime decarbonisation, including alternative fuels, clean technologies, fleet renewal and port infrastructure. The Commissioner highlighted the European Industrial Maritime Strategy and the European Ports Strategy as key instruments for enhancing competitiveness, sustainability and resilience, while reaffirming support for national tonnage tax regimes and the simplification of compliance obligations under the ETS and FuelEU Maritime frameworks. Tzitzikostas further warned that increasing reliance on non-EU financing and leasing structures could create strategic vulnerabilities for the European Union by weakening maritime ownership and industrial linkages within the bloc.

Reiterating support for the implementation of the IMO's greenhouse gas strategy, he stressed that maritime decarbonisation requires a coordinated global approach involving regulators, shipowners, ports and fuel suppliers. On maritime security, the Commissioner underscored that seafarer safety and freedom of navigation remain fundamental principles of international law. He cautioned against transit fees, de facto tolls and other coercive measures in international waters, warning that any erosion of these principles would undermine the international maritime legal order and set a dangerous precedent. It should be noted that Greek Prime Minister Kyriakos Mitsotakis expressed the expectation that additional EU Member States will align with Cyprus and Greece in advocating for a change in the EU’s position at the IMO.

Related Articles:

SAFETY4SEA 02/06 - EU Commissioner says that companies will not face double charges for emissions

Attachment 1: TradeWinds 01/06 - Shipping will not pay twice for greenhouse gas emissions, EU commissioner tells Greek shipping

 

6. Strait of Hormuz Remains Effectively Closed Amid Escalating Iran–U.S. Tensions

As of Friday, 5 June 2026, the Strait of Hormuz remains effectively closed, continuing to disrupt global trade and energy markets. Reporting indicates that only a handful of tankers are crossing the chokepoint each day, with the disruption affecting a significant share of the world's seaborne oil. Limited vessel movements have been permitted only under Iranian authorisation, through Iran-designated corridors and bilateral arrangements with certain Asian governments, with some vessels reportedly paying a fee for safe passage.

On several occasions, US leaders have stated that Washington and Tehran are close to a peace deal or that the war will end soon, with Secretary of State Marco Rubio telling lawmakers on Tuesday, 2nd June 2026 that the US would agree to sanctions relief only if Iran agrees to give up its nuclear activity.

However, despite recent optimism, it's unclear how close the U.S. and Iran are to striking a deal to renew their ceasefire and reopen the Strait of Hormuz. Contrary to earlier expectations, no new ceasefire between the United States and Iran had entered into force by Friday, 5 June 2026. U.S.–Iran negotiations remain unresolved, with the Iranian side describing the talks as stalled while the United States has characterized them as being at an advanced stage. However, President Trump stated that he would consider ending the ceasefire with Iran if Tehran kills American troops, U.S. officials said, insisting that the weekslong pause in airstrikes remains intact despite a steady stream of violent skirmishes.

On Friday, 5th June 2026, Iran’s navy has said that it fired warning missiles and drones at US warships in the Gulf of Oman, accusing the American navy of harassing maritime traffic and seizing commercial vessels and oil tankers. On the same day, Iran’s Foreign Minister Abbas Araghchi warned that US bases in the region that are used to launch any aggression against Iran are considered legitimate targets.

Further concerns have arisen from Iranian threats to expand maritime pressure beyond the Persian Gulf. Tehran has warned that the Bab el-Mandeb Strait could become a target should regional hostilities escalate, and the Iran-aligned Houthis in Yemen have signal led they could move against the passage if the conflict widens.

On the 2nd June 2026, Iranian media reported that the Islamic Revolutionary Guard Corps (IRGC) allegedly targeted a second commercial container vessel, marking a potential escalation in maritime tensions in the region.  An earlier incident on 1st June 2026 involved two explosions damaging a container ship in the Gulf near Iraq’s Umm Qasr port, though all crew members were reported safe and the vessel was secured.

Additional reports describe increased IRGC naval activity in the Strait of Hormuz area, including massing of fast craft near commercial shipping lanes and unusual operational patterns among tankers and cargo vessels.

In the light of the increased risk to the safety of vessels in the area, the European Union has proposed expanding the EU Aspides mandate to potentially lead future mine-clearance operations in the Strait of Hormuz when security conditions allow.

The initiative is outlined in a note from the European External Action Service to EU member states, calling for a “meaningful contribution” to a coalition led by France and the United Kingdom.

Any deployment would depend on improved conditions and remain separate from ongoing conflict parties. The proposal would significantly expand Aspides, originally created in 2024 to protect shipping in the Red Sea. Approval from all 27 EU member states is required for any mandate change.

All the above developments and uncertainty indicate that the situation in the Strait of Hormuz remains subject to rapid change.

Related Articles:

Al Jazeera 5/6 – Tehran raises doubts on deal as Lebanon fighting continues

CNN 2/6 – The Strait of Hormuz remains choked off

Al Jazeera 30/5 – Iran reasserts control over Hormuz Strait as deal with US remains elusive

Live Updates: Prospects for U.S.-Iran peace deal clouded by Israel-Hezbollah fighting

Are the US and Iran closer to war or to a deal? | US-Israel war on Iran News | Al Jazeera

Exclusive | Trump Tells Aides He Won’t Resume All-Out War With Iran Unless U.S. Troops Are Killed - WSJ

Iran claims to have attacked a second MSC ship

Attachment 2: Reuters 02/06 - Iran studying deal to halt war as stalemate persists

Attachment 3: Reuters 01/06 - Iran eyes limited US deal to relieve economic strain and buy time

Attachment 4Reuters 01/06 - Iran is stopping message exchanges with U.S., may block Hormuz, Tasnim news agency says

Attachment 5: Reuters 04/06 - Lebanon ceasefire raises hopes of progress for Iran deal

 

7. European States Step Up Enforcement Against the Sanctioned "Shadow Fleet"

During the week, two enforcement actions against sanctioned vessels in European waters underscored the continuing pressure on the so-called "shadow fleet". 

On Thursday, 4 June 2026, a Swedish court approved a request by Ukraine to seize the cargo vessel "Caffa", which is suspected of having been used for the illegal export of grain from Russian-occupied Ukrainian territory; the vessel had allegedly been operating under a false Guinea registration and was treated as effectively stateless. Ukrainian authorities described the ruling as the first time a foreign court has seized a vessel at Ukraine's request in connection with such illegal exports.

Separately, the French Navy seized the sanctioned tanker "Tagor" in the Atlantic at the end of May, on suspicion of sailing under a false flag. The vessel's master was placed under arrest in early June for sailing without a valid flag and was subsequently released after approximately 24 hours, while the tanker itself remained detained.

According to reports, this was the fourth seizure of a shadow-fleet tanker carried out by France since September 2025.

Related Articles:

Kyiv Independent 4/6 – Sweden seizes vessel suspected of illegally exporting Ukrainian grain

USNI News 3/6 – French Navy seizes sanctioned Russian tanker, 4th since September

Safety4Sea 4/6 – French authorities release captain of suspected shadow fleet tanker

 

8. IMO treaty on hazardous and noxious cargo to enter into force in 2027

On the 1st June 2026, IMO published an article confirming that the conditions of  the International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, as amended by the 2010 Protocol (the “2010 HNS Convention”), had been met on the 29th May 206, triggering the treaty’s entry into force 18 months later, on the 29th November 2027..

IMO’s Secretary General, Mr. Arsenio Dominguez said that “This treaty will ensure that those affected by hazardous cargo incidents can access fair and timely compensation, while providing legal certainty for industry and governments”.

The entry-into-force threshold was reached after Belgium, Germany, the Netherlands and Sweden ratified the protocol in April, bringing the number of contracting states to 12. At present, the Contracting States to the Convention are Belgium, Canada, Denmark, Estonia, France, Germany, the Kingdom of the Netherlands, Norway, Slovakia, South Africa, Sweden and Türkiye. Cargo reporting data also confirmed that more than 40m tonnes of qualifying HNS cargo were received by participating states during 2025.

According to IMO’s article, the Convention forms part of the International Maritime Organization’s (IMO) liability and compensation framework and establishes a uniform international regime governing liability for incidents involving hazardous and noxious substances (HNS) carried by sea. The Convention is intended to close a long-standing gap in maritime law by extending structured compensation and liability rules, similar to those applicable to oil pollution incidents, to a broader category of hazardous cargoes.

  • Scope and Coverage of the Convention

The Convention applies to damage arising from the maritime carriage of more than 2,000 hazardous and noxious substances, including chemicals, petroleum products, acids, fertilizers, alcohols, liquefied natural gas (LNG) and liquefied petroleum gas (LPG). It covers the following categories of damage:

  • Loss of life and personal injury
  • Property damage
  • Economic loss resulting from contamination or disruption of commercial activity
  • Costs of preventive and clean-up measures
  • Environmental damage arising from HNS incidents

 

  • How will it operate?

The Convention establishes a two-tier compensation system. Under the first tier, shipowners are subject to strict liability for damage arising from HNS incidents, regardless of fault, subject only to limited statutory defences. They are required to maintain compulsory insurance or other approved financial security and must carry a State-issued HNS Certificate as evidence of valid cover on board. Under the second tier, additional compensation is made available through an international HNS Fund. The Fund is activated once the shipowner’s liability limit has been reached or is insufficient to meet claims, and it is financed by contributions from receivers of HNS cargo in Contracting States.

The HNS Fund constitutes a central element of the compensation regime and operates in accordance with the “polluter pays” principle. It provides a secondary layer of compensation where the shipowner’s liability is insufficient to meet claims arising from an HNS incident. The Fund is only activated once the shipowner’s liability has been exhausted. It is financed through contributions made by receivers of HNS cargo in Contracting States, with contributions calculated on the basis of the quantities of cargo received. The Fund is administered by the Contracting States in accordance with the Convention framework. It is important to note, that total compensation available under the combined system of shipowner liability and the HNS Fund is capped at 250 million Special Drawing Rights (SDR) per incident.

  • Conclusion

According to IMO, for shipowners, the 2010 HNS Convention represents a material expansion of compliance obligations, insurance requirements and defined liability exposure, while at the same time providing greater legal certainty through a capped and structured compensation framework.

Related Articles:

IMO 01/06 - IMO treaty on hazardous and noxious cargo to enter into force in 2027

SAFETY4SEA 02/06 - IMO's 2010 HNS Convention to enter into force in 2027

Hazardous cargo liability treaty set for 2027 launch - Splash247

 

9. BIMCO launches Seafarer’s Digital Certificates Charter

On the 4th June 2026 BIMCO launched the Seafarer’s Digital Certificates Charter, aiming to support the industry’s transition towards secure and interoperable digital certification solutions.

According to BIMCO, the charter has been developed to encourage the adoption and use of digital seafarer certificate solutions, provided they meet clearly defined criteria. By establishing a shared framework, BIMCO aims to promote trust, consistency and efficiency across the maritime sector as digitalisation efforts continue to accelerate.

BIMCO explains that the charter is a public document and is open for signature by a wide range of stakeholders, including solution providers, flag States and other interested organisations and that organisations interested in signing the Seafarer’s Digital Certificates Charter can submit the name and title of the signatory, along with their company web link and logo here.

Related Articles:

BIMCO launches Seafarer’s Digital Certificates Charter to support industry-wide adoption

 

10. EU prepares for 21st Package of Sanctions against Russia, with Chinese firms that help Russia expected to be next for EU sanctions

 

A. Preparations for 21st Package of Measures against Russia

With Russian drone crashing into an apartment complex near Romania’s border with Ukraine on Friday 29th May 2026, diplomats in Brussels say the incident has quickened the pace of the 21st sanctions package, which is under preparation, highlighting the need to hit the Kremlin where it hurts for both the drone incursion as well as strikes on the war-torn nation.

A crucial question looming over the EU's next sanctions package is the future of the full ban on maritime services for Russian oil tankers that the EU approved in its previous package but left on hold pending an agreement at the G7 level.

G7 leaders are set to meet in Evian, France, later this month, but it is unclear whether the issue will be a part of the discussions or cast aside.

In an interview on Euronews’ flagship morning programme Europe Today on the 3rd June 2026, the EU Sanctions Envoy David O’Sullivan stated that “at this point, there is no appetite to take additional measures which might aggravate that situation. We are in a new world.”

The full ban is meant to replace the price cap on Russian oil that the G7 established in late 2022 to weaken Moscow's energy revenues. The cap is also challenged by the Hormuz blockade because, according to EU law, it has to be periodically adjusted to remain 15% below the average market price for Russian crude oil. This means the next revision should be upwards, rather than downwards.

Mr. O’Sullivan said the bloc would need to take a second look at the cap. “We should not increase the price cap to a point where it becomes unduly generous towards Russia, so I think that the objective is to keep it in or around the boundaries of where it is now to what was previously the maximum of $60 (€51.69),” he clarified.

 

B. Sanctions against Chinese Firms are expected to be adopted

Furthermore, Mr. O’Sullivan revealed to Euronews that Beijing remains a “very big problem” for the efficacy of measures against Russia, because it helps circumvent EU sanctions against Russia, with no signs that the practice is abating.

“We raise it regularly at the highest level with the Chinese authorities but you know their answer, which is to say that they don't feel they're doing anything wrong, so we still have to take unilateral action against Chinese companies and financial institutions,” O'Sullivan said.

According to Politico, the EU's foreign policy service is pushing to sanction four Chinese companies it accuses of supporting Russia's war against Ukraine.

The four firms, likely to be included in the latest package of sanctions due to be approved at a gathering of EU foreign ministers in Luxemborug on the 15th June 2026, assist Russia's shadow fleet, providing chemicals for Russia's military and delivering components Moscow uses to build attack drones, officials said.

The move is likely to feed into rising tensions between Brussels and Beijing as European Commission President Ursula von der Leyen seeks the backing of EU capitals for a major crackdown on subsidized Chinese imports.

According to a document seen by POLITICO, dated May 21, a "mini-package" of sanctions including the Chinese firms will be adopted at a gathering of EU foreign ministers in Luxembourg on June 15. Two EU official said that the package will include a number of individual listings while the bloc works on a 21st package of sanctions that would take a wider, sectoral approach and is expected to be adopted later in the summer.

In addition to the four Chinese firms, the document proposes sanctions against five firms located in the United Arab Emirates, three in Turkey and one in Azerbaijan, all of which are described as facilitating Russian shipping and energy sales. It also proposes sanctioning subsidiaries of Russian company Lukoil, as well as dozens of individuals and firms described as supporting Moscow's war machine.

 

C. China Triggers Its Counter-Sanctions and Anti-Extraterritorial Jurisdiction Regulations

Last week, China said it would take "resolute countermeasures and effective steps to safeguard its own interests" if the EU imposed additional trade restrictions.

In the first half of May, China announced two countermeasures against EU and U.S. actions deemed to be intrusions on Chinese sovereignty. First, China issued its first official “prohibition order” under a blocking regulation, effectively forbidding Chinese parties from implementing or cooperating with new U.S. sanctions against five Chinese refineries. Second, China announced the first use of the recently adopted Regulations on Countering Improper Extraterritorial Jurisdiction (“Order 835”), prohibiting cooperation with an EU Foreign Subsidy Regulation (“FSR”) investigation of a Chinese company. While China has previously retaliated against foreign sanctions by counter-sanctioning a small number of foreign firms, the two announcements in May are the first invocations of regulations broadly prohibiting cooperation with specific foreign actions. The invocation of Order 835, in particular, could have broader implications, as it is not merely tit-for-tat retaliation but an expression of displeasure at perceived overly invasive EU regulations.

Related Articles:

China is a ‘very big problem’ for EU sanctions against Russia, O’Sullivan tells Euronews

Chinese firms that help Russia are next for EU sanctions – POLITICO

China Triggers Its Counter-Sanctions and Anti-Extraterritorial Jurisdiction Regulations | 06 | 2026 | Publications | Insights & Publications | Debevoise & Plimpton LLP

EU Plans New Sanctions on Chinese Companies Linked to Russian Drones, Shadow Fleet

How China’s silent coercion has Europe sanctioning itself – European Council on Foreign Relations

EU prepares sanctions against Chinese companies for aiding Russia - Politico | УНН

 

11. US announces new tariffs

On Tuesday, 2nd June 2026, the US has announced new tariffs of 10-12.5% on dozens of major U.S. trading partners after an investigation into imports of goods allegedly made with forced labor.

Under the proposal, 16 economies — including Canada, Mexico, the European Union, Taiwan and the United Kingdom — would face 10% levies for allegedly failing to enforce bans on forced labor. Another 44 trading partners — including China, Japan, India, South Korea and Switzerland — would be hit with 12.5% import taxes.

The tariffs are part of Trump's push to replace revenue lost when the U.S. Supreme Court struck down sweeping global tariffs he'd imposed last year.

The EU immediately hit back, saying it expected the US to respect the tariff deal it entered into last July and arguing that stealth tariffs breached the spirit of that agreement.

On the sidelines of an OECD ministerial meeting in Paris on Thursday, 4th June 2026, U.S. Trade Representative ​Jamieson Greer said that the United States will respect tariff caps in trade deals struck with the European Union, Japan and other countries, and planned U.S. tariffs over forced labour provide the legal basis to do so.

Regarding the EU trade deal, Greer said the agreement acknowledged that the U.S. could impose tariffs "up to a certain level" and that the Section 301 investigation findings give U.S. President Donald Trump the authority to do so.

EU Trade Commissioner Maros ​Sefcovic, who spoke with ​Greer at the ⁠OECD meeting, said both sides agreed that "the deal is the deal", which meant for the European side the terms agreed at Turnberry with an ​all-inclusive 15% tariff.

The tariffs announced have not yet been enforced. The Trump administration will need to go through a process to do so.

Related Articles:

U.S. says it plans extra tariffs of 10% or more for most trading partners after forced labor probe | PBS News

US announces new tariffs over forced labour concerns

Trump threatens tariffs on 60 trading partners including UK and Canada over ‘forced labour’ | Trump tariffs | The Guardian

US will uphold tariff caps in deals with EU, Japan and others, Trump's trade chief says | Reuters

 

12. US TREASURY REPORT

The US Treasury Report for all actions reported is hereby attached.

Related Article:

Attachment 6: US Treasury Report for week 30/05/2026 – 05/06/2026

 

13. PIRACY REPORT  

The Piracy Report for all actions reported is hereby attached.

Related Article:

Attachment 7: Worldwide Threat to Shipping (WTS) Report, for the period between 06/05/2026 – 03/06/2026

 

Nothing important to report from ECSA, ILO and the House of Representatives.



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