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Economy

EU Commission calls for no escalation with China over rare earths

In a tense context for European companies, European Commissioner for Trade Maroš Šefčovič held a phone call on Tuesday with his Chinese counterpart Commerce Minister Wang Wentao over rare earth export restrictions.

Economy

EU trade chief Šefčovič slams China’s rare earth export curbs

EU Trade Commissioner Maroš Šefčovič took aim at China and its new trade policy on rare earths on Tuesday, denouncing "unprocessable" Chinese requests on EU companies.

Economy

Is basmati rice Indian or Pakistani? Do not ask the EU Commission

From the Punjab plains to Brussels — who would have thought that the dispute over basmati’s origin would end up on Europeans' plates?

Europe News

EU and India chase down trade deal with wrangling over food

The fact that agriculture is now being formally addressed in EU-India trade negotiations signals that talks are edging toward the finish line, according to experts.

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Europe News

Brussels defiant against persistent criticism of EU-US trade deal

Opposition to the EU-US trade deal continues to mount, forcing the European Commission to go on the defensive.

Europe News

EU, US release trade statement setting 15% tariff on EU exports

The joint statement, which comes nearly a month after the trade deal was struck, is being described as a "first step" by the EU side, which hopes to secure more tariff exemptions.

Europe News

'Best we could get': Brussels defends EU-US deal as criticism mounts

"This is clearly the best deal we could get under very difficult circumstances," said Maroš Šefčovič, the European Commissioner for Trade.

Economy

EU and US aim for political understanding to resolve tariff dispute

As deadline for negotiations on trade with the US looms, the EU and US are seen heading for a basic deal, leaving more detailed wrangling over sectors for later.

Business

German and French industry united on US aircraft sector tariffs

The German aerospace industry has told Euronews it is aligning with its French counterpart in supporting EU retaliatory measures that target US finished aircraft rather than spare parts, citing the interdependence of transatlantic production lines.

Europe News

EU hits back against 'Buy China' policy in medical devices market

The European Union has taken steps to restrict Chinese medical devices from participating in its public procurement market in retaliation for the "Buy China" policy, which limits access for EU firms to Chinese government contracts.

Europe News

Commission strengthens imports monitoring amid fear of trade diversion

The Commission aims to protect against trade diversion at a time when Chinese customs data indicate a rise in exports to the EU.

Europe News

European steel sector on high alert amid slow-moving trade negotiation

The EU steel sector warned on Wednesday of overcapacities flooding the EU market after US president Donald Trump doubled tariffs on the sector to 50%. The new tariffs have increased pressure on the EU’s negotiating teams trying to break the deadlock in its ongoing trade wrangle with the US.

Europe News

EU trade chief to meet US counterpart in Paris amid tariff tensions

Despite rising tensions, the Commission still hopes to restart negotiations with the US over customs duties.

Europe News

EU sends top officials to Washington for tariff talks

A high-level meeting is under way in Washington on Tuesday and Wednesday as the EU and US attempt to escape a full-blown transatlantic trade war.

Economy

No formal trade promises have been made to the US, EU says

The European Commission says it is looking at ways to potentially reduce its trade surplus with the US, although stresses that no formal offer has been made.

Europe News

EU to US on tariffs: 'The ball's in your court'

After several hours of discussions with US trade representatives, 'it's over to you', the European Commission said on Tuesday.

Europe News

EU Trade Commissioner to travel to the US on Monday for trade talks

EU Trade Commissioner Maroš Šefčovič will travel to the US on Monday for high-level meetings with counterparts, the Commission confirmed on Friday.

Europe News

EU trade ministers near agreement on retaliatory tariff first round

Trade ministers meeting in Luxembourg on Monday neared agreement on a list of US goods to target in response to the recent US decision to impose tariffs on steel and aluminium.

Europe News

The EU’s path forward on Trump tariffs

The EU is preparing further countermeasures to protect its interests, Commission President Ursula von der Leyen announced yesterday following Donald Trump’s decision to impose 20% tariffs on European goods.

Europe News

What's EU trade commissioner looking for from China trip?

European Commissioner Maroš Šefčovič is heading to China as the country's companies come under the EU's investigatory lens. But with a trade war with the United States intensifying, what's he after in a rapprochement between the EU and China?