About: trade war
One year after the US-EU joint statement, how are transatlantic trade relations doing?
In July 2018, European Commission president Jean-Claude Juncker travelled to the US to meet Donald Trump in a bid to ease trade tensions. A year on from the EU-US joint statement, commercial negotiations are at a stalemate.
US-EU trade negotiations in stalemate, Malmström says
Almost a year after the joint US-EU statement, “there is a stalemate” in trade negotiations, Commissioner Cecilia Malmström conceded on Tuesday (23 July) speaking before the European Parliament. The talks on a trade agreement concerning the elimination of tariffs on...
US escalates EU aircraft subsidy row with proposed new tariffs worth $4bn
The United States on Monday proposed $4 billion in tariffs on a range of European Union products – including parmesan cheese and Scotch and Irish whiskey – over subsidies for commercial aircraft. The list also includes sausages, hams, pasta, olives...
ECB ponders further monetary stimulus to counter trade, Brexit risks
The European Central Bank decided on Thursday (6 June) to keep the low interest rates unchanged at least until mid-2020, and confirmed that it is considering further monetary stimulus, including further rate cuts and restarting the asset purchasing programme, to counter the trade tensions and Brexit uncertainty.
EU braces for impact in final chapter of Airbus-Boeing dispute
Despite the European efforts to find a negotiated solution, Washington is expected to introduce fresh tariffs against European products in the context of the long-standing Airbus-Boeing dispute, an EU official told EURACTIV.com
Airbus now wants to remain in UK regardless of Brexit outcome
European planemaker Airbus wants to stay in the UK whatever the outcome of Brexit, as the country is "a very important pillar" for the company, new CEO Guillaume Faury said on Tuesday (21 May), amending negative comments made by his predecessor.
Huawei: US founding fathers would be ‘alarmed’ with Trump administration
The US founding fathers would be ‘alarmed’ by the recent actions of the Trump administration to restrict access to the American market for Chinese businesses, Huawei’s EU chief, Abraham Liu, said on Tuesday (21 April).
Trump presses Japan to reject EU demands on WTO reform
Japan refuses to include a reference to a proposed reform of the WTO’s appellate body in the draft conclusions of an upcoming bilateral summit with the EU for fear of upsetting the US, EURACTIV.com has learned.
Ambassadors pave the way for EU-US trade talks, despite French opposition
Europe is set to start trade talks with the US after ambassadors gave their green light on Thursday (11 April) to a proposed mandate for the European Commission to conduct the negotiations on behalf of the 28 EU member countries.
EU plans for own retaliation in aircraft dispute with US
The EU has begun preparations to retaliate over Boeing subsidies, an EU official said on Tuesday (9 April), a day after Washington listed EU products it plans to hit with tariffs in their aircraft dispute.
US-China talks blocking concessions to EU, Brussels complains
The ongoing US-China trade negotiations are affecting the concessions Europe is seeking from Beijing to save the bilateral summit next Tuesday, as the Chinese authorities are prioritizing now an agreement with Washington, European sources told Euractiv.com.
France maintains blockade to opening EU-US trade negotiations
Member states failed to convince France on Wednesday (3 April) to support the negotiating mandates for the trade negotiations with the US, but hoped to find a compromise to accommodate Paris’ concerns before Easter break.
France conditions support for opening US trade talks
France wants to secure enough guarantees in terms of environmental protection and access to public procurement markets, before moving forward into trade talks with the US, president Emmanuel Macron said during the European Council on Friday (22 March).
EU urges China to progress on demands to dispel ‘frustration’
The EU will give Chinese leaders a comprehensive list of demands next month to address the growing “frustration” among Europeans, and to improve bilateral cooperation as it reaches a critical junction, various senior EU officials explained on Wednesday (20 March).
Parliament rejects opening trade talks with Trump
The European Parliament failed to pass a resolution on Thursday (14 March) supporting the start of negotiations with the US on removing tariffs for industrial goods, worsening the prospects of de-escalating trade tensions between Brussels and Washington.
Not ‘one single cybersecurity issue’, Huawei says
A senior Huawei representative said on Monday (25 February) that there has never been one legitimate “cyber security issue” with the company. The statement came as EU Digital Commissioner Mariya Gabriel said that 5G security is a "priority".
EU will eliminate industrial tariffs only if US lifts metal duties
The European Commission has made clear to the US administration that the elimination of industrial tariffs will depend on Washington lifting duties it imposed on EU steel and aluminium last summer.
Davos wrap-up: Watch out for a self-inflicted recession
Decision-makers and business leaders attending Davos forum last week warned of the risk of triggering self-inflicted recession if the growing pessimistic due to the economic slowdown or political instability persist.
PwC chief: ‘I do think that tensions between US and China will continue’
Pessimism is growing among CEOs, noted the latest global survey published on Monday by PwC, a consultancy firm. In an interview with EURACTIV.com, the global chairman of PwC, Bob Moritz, recommended companies and governments to focus on execution in order to truly turn risks into opportunities.
EU to open trade talks on industrial goods with the US
Commissioner for Trade Cecilia Malmström will request a mandate from member states to start trade negotiations on industrial goods with the US, she confirmed on Wednesday (9 January) during her visit to Washington.
Weber: If Trump treats Europe as an enemy, we’ll defend our industry
In case the trade war between Europe and the US intensifies and President Trump treats Europe as an enemy, then the latter will have no choice but to defend its industry, centre-right Spitzenkandidat Manfred Weber said.
2019 LOOKAHEAD: clouds on the trade horizon
A wave of protectionism and obstacles to free trade hit the global economy in 2018, and threaten economic growth in 2019. Although more disputes are expected, there is some cause for hope too.
China’s Xi fails to reassure Europeans on trade dispute with US
Chinese President Xi Jinping’s landmark speech on Tuesday (28 December) did not contain any new announcements to de-escalate the country's ongoing trade war with the US, worrying Europeans about the consequences on global commerce.