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 …
Agriculture
Flash: Japan, Korea, Singapore, EU US updates
The long Asia-focused trade week in Brussels is finishing late on a Friday with a salvo of new announcements. Here a quick roundup. Juncker-Abe meeting During a bilateral meeting with European Commission chief Jean-Claude Juncker Japan’s prime minister Shinzo Abe said Tokyo is readying itself to ratify the recently signed EU …
USMCA: EU should take note of certain provisions
He’s done it again: US President Donald Trump took credit for clinching a “wonderful” deal with Canada after Washington and Ottawa said they had reworked the North Atlantic Free Trade Agreement just weeks after Mexico accepted a revision of the trilateral pact. Sunday’s announcement came six days after Trump finalised …
Beyond Brussels: Revised KORUS is hardly the ‘very big deal’ Trump claims it is
Donald Trump signed his first major trade deal on Monday, an update to the US pact with Korea that the president called a “very big deal” that is “very, very good for American farmers”. More sober assessments are that the revisions to the Korea-US Free Trade Agreement are modest and …
Blog: EU agri-food exports and imports mirror recent trade policies
The EU is currently the second largest agriculture and food exporter in the world after the United States. Its export performance has being going from strength to strength following successive reforms of the Common Agriculture Policy and as the emerging world grows richer. Even EU beef and sugar start finding …
UK food and farming sector faces severe trade disruption in ‘no deal’ Brexit
The UK government has released a third batch of technical ‘notices’ in which it sets out to businesses trading across the Irish Sea or English Channel the type and extent of paperwork it will face should Britain leave the European Union next March without an agreement that includes a transitional …
Beyond Brussels: G20 eyes bland trade consensus as US, China seek reset
Trade ministers from the world’s top 20 economies will gather today in the coastal Argentine town of Mar del Plata to discuss issues such as e-commerce and inclusive global value chains in the agricultural sector. But there can be little doubt that the $500 billion firestorm brewing between the US …
A week in Brussels: Mercosur, dairy, sustainable development chapters
It’s been an intense week on transatlantic trade and Brexit trade front. Below, other interesting bits of news in EU trade. EU-Mercosur focus A lot of noise, little extra substance on EU-Mercosur free trade talks this week. Next week, European negotiators will fly to South America for a 36th round …
WTO : UK circulates its post-Brexit tariff schedule
The United Kingdom today formally circulated its first tariff schedule as a would-be standalone member of the World Trade Organization, independent from the European Union. WTO members have three months review the schedule and raise objections if necessary. The UK wants to have its own schedule ready ahead of Brexit …
Week ahead in EU trade: Council, TPC, Brexit, EU Parliament, Hong Kong
Expect plenty of post-Group of Seven summit articles in the aftermath of the two-day meeting that ended in the escalation of a clash over trade and US President Donald Trump’s refusal to endorse a communique. Closer to home, the focus will be on meetings of the Council, the Trade Policy …