The EU is unlikely to secure permanent exemption from US steel and aluminium tariffs by the time President Trump’s stopgap reprieve from the measures expires on 1 May, Commission chief Jean-Claude Juncker said Friday.
There are real concerns about the lowering of social and environmental standards in free trade agreements, and NGOs and economists point out the lack of binding control mechanisms in trade deals. EURACTIV.fr reports.
EU leaders postponed a decision on trade as the first day of a European Council summit wrapped up around 1AM on Friday morning (23 March), in a display of their wariness about the Trump administration’s announcement hours earlier that it will exempt Europe from tariffs on steel and aluminium.
U.S. President Donald Trump will not apply new steel and aluminium tariffs to the European Union and six other trading partners which are currently negotiating exemptions, U.S. Trade Representative Robert Lighthizer said on Thursday (22 March).
South East Asian countries are dragging their feet on a free trade agreement (FTA) with the EU, with officials saying that the countries still need to be convinced of the benefits of the region-to-region deal.
A compromise could be reached as soon as this week between the European Union and United States over the tariffs President Donald Trump imposed on steel and aluminium, a German minister said Monday (19 March).
The new German Economy Minister Peter Altmaier will meet with senior US officials on Monday and Tuesday (19-20 March) to discuss the Trump administration's tariffs on steel and aluminium shortly before EU Commissioner Cecilia Malmström arrives in Washington, officials confirmed to EURACTIV.
The EU financial support to farmers, including to Spanish olive producers, does not distort trade, European Commission sources told EURACTIV.com in light of the rising tensions between Brussels and the US government over trade.