tldrdailynews.com logo
Tag

Eu Trade Policy

All articles tagged with #eu trade policy

Merz and Macron Push for Rapid EU Trade Sanctions to Counter China
trade1 day ago

Merz and Macron Push for Rapid EU Trade Sanctions to Counter China

German Chancellor Friedrich Merz and French President Emmanuel Macron have urged the European Commission to adopt new, faster trade defense mechanisms to counter economic threats, primarily from China. Their joint letter argues that existing tools are insufficient and proposes a 'second-strike' instrument that would allow Brussels to restrict or cut off imports without requiring a qualified majority from member states. This move aims to empower Trade Commissioner Maroš Šefčovič ahead of critical negotiations in Beijing and an EU summit in October.

via politico.eu|
#china-eu-relations#emmanuel-macron#eu-trade-policy
Berlin and Paris propose 'second-strike' tool to cut off EU market access
global-trade1 day ago

Berlin and Paris propose 'second-strike' tool to cut off EU market access

German Chancellor Friedrich Merz and French President Emmanuel Macron have jointly proposed a new EU trade instrument that could immediately cut off access to the single market in response to economic coercion. The move marks a significant shift for Berlin toward protectionism, aiming to counter Chinese restrictions on critical supplies like rare earths and magnets. The proposal seeks to bypass standard qualified majority voting rules, allowing a minority of member states to trigger the measure. This initiative is designed to prepare for upcoming EU Council meetings and address the bloc's growing trade deficit with China, which now exceeds its deficit with the United States.

via Financial Times|
#china-rare-earths#economic-coercion#emmanuel-macron
Ukraine’s steel sector faces collapse as Russian strikes and EU trade barriers mount
economy9 days ago

Ukraine’s steel sector faces collapse as Russian strikes and EU trade barriers mount

Ukraine’s steel industry is on the verge of total collapse after ArcelorMittal suspended production at its largest plant in Kryvyi Rih following four Russian missile strikes in five weeks. The sector, which contributed 7% of GDP last year, has suffered at least nine ballistic missile attacks since August, causing approximately $100 million in damages. While Moscow targets critical equipment like blast furnaces, Brussels’s new trade rules and carbon taxes further restrict market access. Industry leaders are urging the EU to remove Ukraine from its tariff regime and establish a recovery fund to prevent the loss of tens of thousands of jobs and the destabilization of the broader economy.

via The Kyiv Independent|
#arcelormittal#economy#eu-trade-policy
EU capitals clash over 'Made in Europe' definition as China competition looms
european-union12 days ago

EU capitals clash over 'Made in Europe' definition as China competition looms

The European Union is fractured over the definition of 'Made in Europe' within the proposed Industrial Accelerator Act, which aims to favor local industry in public contracts to counter Chinese competition. France demands a strict EU-only preference, while Germany advocates a broader 'Made with Europe' model including trading partners. Spain has proposed a three-tier compromise to bridge the divide, but legislative timelines are slipping, and the UK fears exclusion from the new rules.

via Euronews.com|
#eu-trade-policy#european-union#france
Germany braces for China-backed competition reshaping global industries
business1 month ago

Germany braces for China-backed competition reshaping global industries

Germany’s economy faces headwinds from China’s state-supported industrial policy that backs rival sectors and cheap exports, threatening sectors like solar and overall growth. Berlin counters with a €500 billion infrastructure fund and tax cuts, but analysts say the China shock is a major drag on Germany’s malaise. The EU is weighing tougher, more symmetric trade measures against China and tariffs on certain Chinese goods as Brussels seeks to shield its market and restore competitive balance.

via AP News|
#business#china-industrial-policy#eu-trade-policy
EU Trade Chief Delays Trump-Era Pact to Lock in Guardrails
world3 months ago

EU Trade Chief Delays Trump-Era Pact to Lock in Guardrails

Bernd Lange, head of the European Parliament’s trade committee, leveraged parliamentary leverage to slow the EU–US trade deal, insisting on safeguards. He pushed for instruments like a sunrise clause, a mechanism to suspend concessions, and an explicit expiry, arguing the pact needed protection against Trump-era threats. After months of wrangling, a compromise text was agreed that grants the Commission more discretion to assess U.S. compliance and allows suspension if Washington does not lower steel/aluminum duties by the end of 2026, with the deal’s expiry now set for the end of 2029, signaling a cautious, guarded path forward for transatlantic trade relations.

via politico.eu|
#bernd-lange#eu-trade-policy#sunrise-clause
EU eyes anti-coercion tool as potential lever in US-Greenland tariff clash
world8 months ago

EU eyes anti-coercion tool as potential lever in US-Greenland tariff clash

The EU’s anti-coercion instrument (ACI), adopted in 2023, lets Brussels respond to economic coercion by restricting access to the single market, services, and public procurement; activation is not automatic and requires four months of Commission assessment, followed by a qualified-majority vote by member states to trigger negotiations and possible countermeasures if talks fail (tariffs, tender exclusions, IP rights suspensions). It is viewed as a deterrent and has never been used. With President Trump threatening tariffs on Denmark over Greenland, the EU could opt to activate the ACI, potentially sparking a broader trade clash while aiming to defend EU interests and avoid breaking transatlantic ties.

via Euronews.com|
#anti-coercion-instrument#eu-trade-policy#greenland-denmark-dispute