The European Union's ambassador to the United States called on US President Joe Biden's administration to immediately lift tariffs imposed on steel and aluminum imports from the EU and to work to settle a longstanding dispute over aircraft subsidies.
US President Donald Trump and European Commission boss Jean-Claude Juncker might have cracked the united front of the 28 member states, as France has already questioned the terms of their agreement and asked the Commission for clarifications.
The EU's pledge to import more soybeans from US farmers was the ‘dealmaker’ in the agreement between European Commission President Jean-Claude Juncker and US President Donald Trump to stop the dispute and open trade talks, EU sources told EURACTIV.
The EU and China are speeding up preparatory work for their bilateral summit in Beijing in mid-July. The two sides are trying to agree on a joint position despite differences on trade issues including subsidies and market access.
The EU is set to impose €2.8billion worth in tariffs on US exports in early July in response to duties Donald Trump's administration has levied on European steel and aluminium, the European Commission confirmed on Wednesday (6 June).
The EU and China said on Friday (1 June) they would expand trade and investment cooperation amid the global trade dispute triggered by US tariffs. But as part of the efforts to address outstanding trade disputes, Europe will present a complaint before the World Trade Organisation against China’s intellectual property practices.
Emmanuel Macron told Donald Trump late Thursday that tariffs on steel and aluminium imports from the European Union were "illegal" and that the EU would respond in a "firm and proportionate manner", the Elysée Palace said.
French President Emmanuel Macron called Wednesday (30 May) for talks on overhauling the World Trade Organisation, as European companies braced for the prospect of punishing US tariffs on steel and aluminium imports, which could come as early as Thursday (31 May).
EU Trade Commissioner Cecilia Malmström told MEPs on Tuesday (29 May) that the EU would activate “immediate" rebalancing measures if US President Donald Trump decides to impose quotas on the EU’s steel and aluminium exports as an alternative to tariffs as of Friday (1 June).
The EU's Trade Commissioner Cecilia Malmström said on Tuesday (22 May) there were “signals” from the US administration that it would impose tariffs on EU's steel and aluminium exports or enforce other restrictions, as she warned the bloc's steelmakers to prepare for the worst.
EU leaders demanded on Thursday (17 May) “permanent” and “unlimited” exemption from US President Donald Trump’s tariffs as a precondition for any trade negotiation with his administration, including market access.
The European Union accused the United States on Tuesday (1 May) of prolonging "market uncertainty" with its decision to hold off on imposing controversial tariffs on metal imports from key global trading partners.
German Chancellor Angela Merkel heads to the White House on Friday (27 April) for talks with Donald Trump, facing an uphill struggle to save the Iran nuclear deal, avoid a trade war and make her relationship with the US president functional again.
Slow trade growth will be the dominant feature of the world economy in the coming decade, not because of the latest tariffs, but because of a slowdown in three longer-term trends, write Ilaria Maselli and Ataman Ozyildirim.
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.
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.
The European Union has decided to set duties on hot-rolled steel from Brazil, Iran, Russia and Ukraine after a complaint by EU manufacturers that the product used for construction and machinery was being sold at excessively low prices.
The world's most powerful nations risk failing to make enough progress on tackling steel overcapacity by an August deadline, which is seen by the United States as a potential reason to start a trade war.