A top European Commission trade official painted a bleak picture of transatlantic relations to a European Parliament committee today, saying US import duties on steel and aluminium as well as possible tariffs on foreign cars and car parts are “clearly detrimental” and potentially catastrophic for world trade. The outlook …
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Week ahead in EU trade: Australia and New Zealand, duties on US goods, INTA
This week promises to be busy, with the European Parliament’s trade committee debating a range of issues including EU ties with the US and Latin America, the launch of trade negotiations with Australia and New Zealand, and the start of the bloc’s tariffs against US goods to strike back at …
Beyond Brussels: WTO complaints against US duties are similar, but not the same
So far, six World Trade Organization members have lodged complaints challenging President Donald Trump’s assertion that tariffs on steel and aluminium are needed to protect US national security. They are broadly similar, but hardly identical, and some of the differences are quite noteworthy. More members have ganged together in …
Comment: After the G7, keep calm and carry on
After the disastrous Group of Seven summit in Canada, the EU will need to find ways to keep calm, focus on saving the WTO’s dispute settlement system and address some of the root causes of its disputes with the US – not least Germany’s current account surplus, argues Iana Dreyer.
A Week in Brussels: Polish schadenfreude, rapeseed vs palm oil, trumping ivory trade
The main obsession in Brussels this week has been the EU-US trade spat. All eyes will be on the Group of Seven meeting in Canada. Mercosur and EU negotiators have been working until the time of writing on narrowing gaps on ‘geographical indications’ protection and Mercosur’s offer on autos (rules of origin …
Beyond Brussels: Tweetfest darkens prospects of meaningful G7 summit
The first day of this weekend’s Group of Seven summit is set to turn into the Group of Six vs One, if recent Twitter exchanges are anything to go by. The one, in this case, as US President Donald Trump, who has already announced that he’ll skip tomorrow’s sessions on …
Steel and aluminium: Switzerland caught between US tariffs and EU safeguards
Switzerland is caught between a rock and hard place as the trade frictions between the European Union and the United States intensify. The Swiss are also seeking an exemption from planned EU safeguard measures on the metals. Switzerland is a small, open trading nation at the heart of Europe …
WTO to take fresh look at EU compliance with Airbus ruling
The EU says it’s complied with the latest World Trade Organization ruling that found illegal European aid for Airbus remains in place. The US disagrees. It will now be up to the WTO – yet again – to decide. The EU requested consultations with the US today to discuss …
EU tariffs on US products to kick in next month
The policy machinery in response to US President Donald Trump’s tariffs on EU steel and aluminium is churning as planned. The College of Commissioners approved the final list of products on which it will apply duties on US imports as part of a retaliatory move to counter the metals levies. …
Week ahead in EU trade: Mercosur, US duties, aluminium, G-7, Brexit, UNCTAD
There’s only one big event on the Brussels trade agenda this week – another negotiating round with Mercosur – but that doesn’t mean the coming days will be quiet. Between the start of US tariffs on European steel and aluminium, the EU’s decision to respond with a World Trade Organization …