Hello everyonewe are the wednesdaySun June 3 2026. Welcome tothe Essential of The Tribune. In the newsthe United States wants to impose 10% to 12.5% of new customs duties to 60 countries. Meanwhile, the Fraud Repression has just imposed a fine of 22 million euros on Shein. Finally, the OECD revised downwards its forecast of global growth pour 2026.
📠The EU relaxes budgetary rules a little in the face of the energy shock
The European Commission announced on Wednesday that it was ready to relax European budgetary rules a little, but in a very controlled manner, to help EU countries cope with the energy crisis linked to the conflict in the Middle East.
Brussels will authorize states to spend up to 0,3 % of their gross domestic product (GDP) per year, within a limit of 0.6% in total until 2028to finance measures aimed at reducing the use of fossil fuels, the European Commissioner for the Economy, Valdis Dombrovskis, explained to the press.
📠South Korea gains access to Mythos AI model
The public agency South Korean responsible for internet security gained access to Mythosthe new artificial intelligence (AI) model created by Anthropic to identify cybersecurity vulnerabilities, a government official announced Wednesday.
At the beginning of April, the Californian start-up decided to restrict the distribution of this model, after Mythos had identified thousands of computer vulnerabilities during the testing phase. Initially, around 50 partners were associated with the project, called Glasswing. The company on Tuesday expanded access to Mythos to 150 organisations in the world.
The Tribune Alert
Real-time alerts on major economic information.

📠Shein fined more than 22 million euros in France
The Fraud Repression has imposed two fines on Shein for more than 22 million eurosshe announced on Wednesday, pointing out in particular failures in terms of product traceability, environmental notices, withdrawal times and delivery.
The institution which depends on Bercy thus increases the amount of sanctions decided in France in recent years against the Asian fashion giant. They now reach more than 210 million euros in total.
📠War in the Middle East: the OECD lowers its forecast for global growth in 2026
The OECD is more pessimistic for global growth in 2026 due to the increase in energy and fertilizer prices caused by the war in the Middle East.
The Organization for Economic Cooperation and Development has just lowered its forecast in its quarterly report on the world economy, according to two scenarios: that of reduced growth to 2,8 % in the case of « disruptions limited in time », or un net slowdown à 2.1 % if these extended until 2027. She was counting on 2.9% previously.
In Francela perspective de croissance a été abaissée à 0,7 % (-0.1 point) in 2026 and 0.8% in 2027 (-0.2 point), assuming limited disruptions.
Read Grégoire Normand’s article 💉 War in the Middle East: the world economy suffocated, growth stalls in France
📠Trump announces new customs duties
The United States proposed Tuesday to impose additional customs duties at 60 savingsincluding China, the European Union (EU), Japan, India and Mexico, on the grounds that they would fight insufficiently the importation of goods resulting from forced labor.
United States Trade Representative (USTR) Jamieson Greer proposes imposing tariffs 12,5 % to around 45 countries having, according to its services, failed to establish a ban on the importation of goods resulting from forced labor, according to the conclusions consulted by AFP.
For economies that have such a ban, but whose efforts to enforce it are considered insufficient – Canada, Ecuador, the EU, Indonesia, Mexico and Pakistan – the administration proposes to impose a rate reduced to 10%. Ditto for the United Kingdom, whose ban is considered partial.
👉To understand everything : Donald Trump wants to impose new customs duties on 60 economies
📊 Business results
- Inditex : The owner of the Zara brand announced a net profit up 5.4% on an annual basis, to 1.38 billion euros, over the first three months of its staggered financial year. The Spanish group welcomed in a press release its “ strong operational performance » between February 1 and April 30, in a sector  heavily fragmented ».
(Monitoring carried out with AFP and Reuters)






