US duties on steel and aluminium are not only taking a toll on countries across the globe, but they’re triggering a “wave of direct and indirect actions and reactions” that is likely to expand in the coming weeks and months. “Obviously one country’s action becomes the second country’s reason to …
North America
Will the US slap auto tariffs on EU if it doesn’t get its way on agriculture?
The US is threatening to levy high auto tariffs on EU firms via the Section 232 national security exception if Brussels does not agree to liberalise agriculture markets, several sources indicated to Borderlex. But how credible is that threat? And if the US gets real on this threat, in what form …
EU post-Section 232 steel safeguard measures criticised in WTO meeting
The EU’s safeguard measures on steel, introduced this summer to avoid deflection of pipes, wires and rods following Washington’s decision to impose 25% steel tariffs on national security grounds, is raising hackles with trading partners. Seven World Trade Organization members expressed their grievances in Geneva today against the bloc’s decision …
Beyond Brussels: Key triumph of Canadian trade meeting will be getting the ball rolling
Next week, Canada will unveil to a group of World Trade Organization members a discussion paper outlining consensus-based solutions that Ottawa says will bolster the global trading system. The problem is that the US – which isn’t part of that group – has already identified major elements of the Canadian …
Comment: Is US commerce secretary Ross more polite with EU where it really matters?
There were unpleasant noises from US commerce secretary Wilbur Ross and US ambassador to the EU Gordon Sondland on Wednesday night following Ross’ meeting with EU trade commissioner Cecilia Malmström in Brussels. Some media outlets called it the end of the trade ‘truce’ with the United States reached last summer. It …
Updated: USTR seeks to rebalance goods trade with EU
This article was updated on 17 October at 14.05 CET/13.05 GMT. The United States trade representative’s office formally notified Congress of its intention to launch trade negotiations with the EU. The letter is a formality that paves the way for talks following a summit between US President Donald Trump and …
US WTO ambassador rejects EU ideas on Appellate Body reform
Dennis Shea must have been wearing his dancing shoes when he spoke at the Center for Strategic and International Studies in Washington on Friday. The US ambassador to the World Trade Organization pirouetted around most of questions that, had they been answered, would have offered some new insights into the …
Beyond Brussels: So how much of TPP is in the USMCA?
President Donald Trump said he pulled the US out of the Trans-Pacific Partnership because it was a “horrible deal” that stole American jobs while benefiting big corporations. But Washington’s new agreement with Mexico and Canada, the USMCA, has incorporated many elements from TPP (reborn as the Comprehensive and Progressive Agreement …
Week in Brussels: Cambodia and Myanmar EBA suspension, EU-US, Mercosur
This week has been heavy on World Trade Organization issues (EU’s WTO reform pitch, services domestic regulation talks, US engagement with WTO reforms), the fallout from the new NAFTA,with bits on what’s happening (not) on Britain’s fabulous post- Brexit trade deals. Member states met in Innsbruck today – and there …
EU, Japan and US pitch their level playing field ideas at WTO
The trade policy of the Trump administration is casting a big shadow over the annual World Trade Organization Public Forum this week in Geneva. Formally, the forum is a harmless exercise in putting together panel discussions aimed at brainstorming about the future of trade and an opportunity for the global …