As America retreats after Trump's plans to impose tariffs on steel and aluminium imports, the world is moving on. Now is the time for the EU to take the lead in maintaining the global trade system, writes Shada Islam.
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).
US President Donald Trump slapped steep trade tariffs on foreign steel and aluminium yesterday (8 March), drawing sharp protests from allies at home and abroad as the contentious move raised the spectre of a global trade war.
Warning of "a serious trade dispute" between Washington and the rest of the world, Commission President Donald Tusk said yesterday (7 March) the leaders of the bloc would hold emergency talks on the issue on the occasion of their 22-23 March summit.
President Donald Trump lashed out at European Union trade rules yesterday (6 March), saying the bloc has made life near "impossible" for US firms, and threatening to ramp up tariffs on imports into the US.
The EU is in contact with other countries to forge a coordinated response to US President Donald Trump’s decision to impose tariffs on steel and aluminium, but the Europeans warn that they will be prepared to respond “with or without them”.
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 European Union has imposed provisional import duties of as much as 28.5% on certain Chinese corrosion-resistant steels after an eight-month investigation found that the products benefited from unfair subsidies.
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.
Donald Trump could block steel imports for reasons of national security. Europe, already in conflict with China over dumping in the sector, will attempt to mobilise opposition to this move. EURACTIV France reports.
It doesn’t look good for Beijing. Brussels and Washington still refuse to recognise China as a market economy and the Commission has proposed legislation that completely changes the rules for EU trade with third countries. EURACTIV Czech Republic partner Aktuálně.cz reports.
For every tonne of steel that we reduce from our production capacity, we find five imported tonnes at our border, Axel Eggert, the director general of the European Steel Association (EUROFER) told Euractiv Slovakia.
European Union trade ministers said Friday (11 November) they must not be "naive" in the face of alleged China price dumping, as they tried to agree tougher measures to fight unfairly low prices.
China is the EU's second-largest trade partner but …
Arguably, the most remarkable progress made during the G20 summit held in Hangzhou (China) was not included in the conclusions. It was rather the change of attitude of the architect of the final text, China.
The European Commission is expected to further strengthen its steel trade defences, possibly as early as October, industry leaders say, as a global trade war in the alloy intensifies and imports keep flooding into the bloc.
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