US puts the screws to EU over tariffs
Transatlantic trade ties are strained with Washington and Brussels at odds over how to implement the July tariff deal. The US wants further concessions – and for the EU to give ground on key policy issues.
Transatlantic trade ties are strained with Washington and Brussels at odds over how to implement the July tariff deal. The US wants further concessions – and for the EU to give ground on key policy issues.
While the EU is hoping to resolve a trade dispute with China over critical raw materials – like lithium, cobalt, nickel, and other rare earth elements – it is already looking to diversify its supply and boost its in-house extraction and production. Which EU member states are in the crosshairs?
The EU and US struck a trade agreement in July. Germany’s machinery industry says the tariffs currently in place are hitting the sector hard.
The trade pact opens up the largest economy in Southeast Asia to Europe by abolishing customs duties on major EU sectors.
Four out of five products identified as potentially problematic originated from China. With only 82 items checked per million, the European Commission is calling on member states to increase their inspection efforts.