The EU will assess whether a US-China deal to roll back some bilateral tariffs in exchange for increased US imports to China is compatible with World Trade Organisation rules, said Trade commissioner Phil Hogan on Thursday (16 January).
US sanctions designed to undermine Russian natural gas exports to Europe specifically target European-based companies at the risk of further weakening an already fragile US-European relationship, write Martin Jirušek and Robert Dillon.
The European Commission wants to settle the latest trade dispute with the US over the French digital tax “amicably”, but warned that the bloc will “react as one” if Washington slaps tariffs on Paris.
Europe is prepared to step up its response to unfair trade practices and push for a renewed WTO, aiming to display a more assertive stance towards its partners in the future.
EU Trade Commissioner Cecilia Malmström is no longer optimistic when it comes to avoiding US tariffs on goods, thanks to the result of the WTO Airbus case.
The World Trade Organisation authorised the United States on Wednesday (2 October) to impose tariffs on EU goods worth up to $7.5 billion (€6.8 billion), as a response to illegal subsidies given by European governments to aerospace giant Airbus.
EU member states discussed on Tuesday (1 October) how to address the “critical situation” of the World Trade Organisation, as the US continues to block the renovation of its appellate body, key for the functioning of the institution.
Phil Hogan obtained late on Monday (30 September) the MEPs’ preliminary approval to become the EU's next Trade Commissioner, promising a tougher stance towards China to ensure the protection of European values, and environmental principles in particular.
The European Commission has dangled the prospect of limiting its public subsidies to the US administration in an attempt to avoid further tariffs from Washington that could come as early as next month in the context of the Airbus-Boeing dispute.
US Secretary of State Mike Pompeo sought on Tuesday (3 September) to re-establish friendlier ties with the incoming leaders of the European Union and mark an end to troubled relations since President Donald Trump took office, a senior US diplomat said.