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Business

New US - EU Trade Deal

New US – EU Trade Deal: Tariffs On Transatlantic Exports

On July 27, 2025, U.S. President Donald Trump and European Commission President Ursula von der Leyen finalised a landmark U.S.–EU trade framework. It establishes a 15% tariff on most EU exports to the U.S., halving the previously threatened 30% tariff, while maintaining 50% duties on steel and aluminium. In exchange, the EU committed to $750 billion in energy purchases and $600 billion in new investments in the U.S., plus substantial military procurement.

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UAE VAT Refund for Foreign Business Visitors

VAT Recovery in the United Arab Emirates for Foreign Businesses – Deadline of August 31

Foreign companies not established in the GCC can reclaim the VAT incurred on their business expenses in the United Arab Emirates. The deadline to submit the annual VAT refund application in the UAE is August 31 of the following year. BTOBNICE supports businesses throughout the UAE VAT recovery process: contact@btobnice.com

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