China and the European Union have largely finalised the “technical” part of negotiations towards resolving their electric vehicle (EV) tariff dispute, with the deal now hinging on “political will” from the European side, according to Chinese state-affiliated media. Yuyuan Tantian, a social media account linked to state broadcaster CCTV, reported on Friday night that the…
WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains. “I’m looking at something to help some of the car companies with it,” Trump told reporters gathered in the Oval Office….
The final list of countermeasures prepared by the Commission to respond to Trump’s steel and aluminum tariffs, which entered force on March 12, will not fully match their estimated impact of €26 billion on EU exports, Trade Commissioner Maroš Šefčovič said after the talks. That’s less than originally intended after EU countries lobbied to remove…
LUXEMBOURG (Reuters) – The European Union’s countermeasures targeting a list of U.S. imports in response to the Trump’s administration steel and aluminum tariffs will be less than 26 billion euros’ ($28.46 billion) worth after taking in account member states’ remarks, EU trade commissioner Maros Sefcovic told reporters on Monday. “When it comes to steel, aluminum…
The EU is ready to mark 50 years of diplomatic relations with China by “deepening trade and investment cooperation”, its trade commissioner said in Beijing on Thursday, according to a Chinese readout. Maros Sefcovic made the remarks during a meeting with Chinese Vice-Premier He Lifeng, an account by Xinhua News Agency said. The meeting took…
The European Union‘s trade chief-in-waiting has described China as the bloc’s “most challenging trade partner” at a parliamentary confirmation hearing in which he vowed to crack down on mainland-exported overcapacity “with all our force”. Maros Sefcovic, regarded as a close ally of European Commission President Ursula von der Leyen, stuck closely to the tone established…