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 …
United States
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 …
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 …
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 …
Malmström to Trump: Davos message should be that US will engage with world
EU trade chief Cecilia Malmström hopes President Donald Trump will bring one message to the World Economic Forum meeting when he speaks this afternoon – that the US “wants to engage with the world”. “The fact that he’s coming here is a signal,” she said yesterday in a panel …
Insight: EU, US and China trade – a common line of defence
US Secretary of State Rex Tillerson visited Brussels yesterday, and trade was a formal talking point on the agenda for his meetings with Federica Mogherini, the EU’s foreign policy chief. But nothing came out on that meeting on this topic. While trans-Atlantic cooperation on trade is largely off the …
In brief: EU and US lock horns in WTO over disputes and trade remedies
The ‘Donald Trump effect’ is being played out in full in the World Trade Organization as tensions over trade remedies and the dispute settlement bodies rise. This week WTO members are gathering in a series of meetings on trade remedies and dispute settlement. The US continues to bloc the …