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 …
Steel
Flash: EU imposes safeguards on 23 steel products
The measures are part of the EU’s response to US tariffs on steel and a means to avert a flooding of the EU market as a result. Further details here.
Section 232: US brings dispute on EU, Chinese ‘rebalancing’ measures to WTO
Washington has hit back at five World Trade Organization members for “illegal” tariffs that were imposed on US products in response to the Trump administration’s decision to apply duties on foreign steel and aluminium. The US announcement today that it had filed five complaints targeting the EU, China, Canada, Mexico and …
Commission paints bleak picture of EU-US trade relations
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 …
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.
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 …
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. …