US President Donald Trump announced yesterday that his country would apply import tariffs on steel and aluminium of 25% and 10% respectively on national security grounds. The announcement was expected. Trump decided to exempt Canada and Mexico, close neighbours, major suppliers of these metals, and fellow members of the …
North America
Section 232: German centre-right divided over EU retaliation plans
The European Commission is communicating loudly on its intentions should US President Donald Trump follow through on his intention to slap import duties of 25% on steel and 10% on aluminium from Europe. Will Germany buy it? As widely reported and discussed on this website, the EU intends to …
Investor-state: Court intra-EU ruling leaves CETA tribunal question open
The Court of Justice of the European Union ruled today unequivocally that intra-European international investor-state arbitration tribunals are not compatible with EU law. Its summary judgement gives little insight into how it might rule on the compatibility of international investor-state tribunals set up by the European Union with third countries. …
Section 232: EU Commission to reconsider cooperation with US on China
There is a sense of disillusionment in the upper echelons of the European Commission at the announcement that the president of the United States is planning to slap an all-round tariff on steel and aluminium imports that would affect more than 6 billion euros worth of European exports. Among …
EU’s Section 232 response: WTO-legal options are narrow
The EU’s top leadership reacted promptly to announcements in the US media that President Donald Trump will go ahead with slapping punitive import tariffs on steel. Trade retaliation of some form is expected from Brussels. The EU promises World Trade Organization-compatible moves. But here, the options are relatively limited, lawyers …
In brief: EU readies responses for US Section 232 tariffs and Appellate Body crisis
The central topic on the minds of trade ministers during their informal meeting in snowy Sofia on Tuesday was the United States’s trade policies. The EU is readying a differentiated response to any possible import duties US President Donald Trump could apply to European steel and aluminium. In February, …
The week in EU trade: Mercosur update, data, trade ministers
This week was truly packed with activities and events related to trade. The key focus has been Brexit – the transition period and future EU-UK relationship. These topics we now cover separately in dedicated articles and a new series of blogs, the Brexit Notes. The other key focus this week …
EU-Mexico negotiations stall
Mexican and EU negotiators are not closing in on a deal to modernise their almost two-decade-old Global Agreement. Trade commissioner Cecilia Malmström and agriculture commissioner Phil Hogan, who had held off a final decision to travel to Mexico City until today to meet the negotiators and broker sensitive compromises, …
US Section 232 remedies seen as threat to EU aluminium, steel sectors
US proposals on how to punish foreign steel and aluminium exporters for unfair trade practices miss the point and would do more harm than good, European Aluminium says. Global excess capacity – specifically in China – is the “root cause of the main challenges” that the aluminium industry faces …
Week ahead in EU trade: Mexico talks, TPC
It will be a quiet week in Brussels, as talks on the EU’s trade agreement with Mexico continue in Mexico City. Later in the week, the Trade Policy Committee will discuss efforts to revise the accord by adding farm products, more services, investment and government procurement, and including provisions on …