Europe

European Trade Commissioner Maroš Šefčovič hopes the European Commission’s proposal to impose a tariff-rate quota on steel imports and to double the out-of-quota tariff to 50 percent will help to launch discussions with the U.S. to ring-fence the two -- and potential additional -- economies, he said on Tuesday. The Commission on Tuesday announced it had submitted the proposal to the European Parliament, saying the measure was designed to replace 25 percent steel safeguard set to expire in June 2026...

GENEVA -- Diplomats have come back to the World Trade Organization this fall with a host of questions about bilateral agreements the U.S. has announced with some of the institution’s staunchest defenders -- and what they could mean for a reform effort seen by many as vital for the future of the multilateral trading system, officials tell Inside U.S. Trade . Many member-country representatives returned to the WTO last week for its annual Public Forum following a break that coincided...

The European Commission on Wednesday announced it would propose new tariffs on Russian oil amid growing calls from President Trump for the bloc to cut all imports of Russian energy products in an attempt to pressure Moscow to end the war in Ukraine. The EU banned Russian crude oil imports in 2022, but Slovakia, Hungary and Czechia were granted exemptions. Similar bans on Russian energy imports, including petroleum products and refinery feedstock, also exempted certain countries. The EU since Russia...

The Trump administration has moved to implement its commitments under a tariff deal the U.S. and the European Union struck in July by cutting tariffs on European aerospace imports and capping those on European autos and auto parts at 15 percent. The Commerce Department and the Office of the U.S. Trade Representative on Wednesday released a draft Federal Register notice to implement the tariff cuts. The auto tariff cut -- down from the 25 percent rate for most U.S. auto...

President Trump on Tuesday said he would press European leaders to impose tariffs on countries that purchase Russian oil in hopes of ending the war in Ukraine, contending that European action is needed to make U.S. duties effective. “In the event that Russia is not ready to make a deal to end the war, then the United States is fully prepared to impose a very strong round of powerful tariffs, which would stop the bloodshed, I believe, very quickly,” Trump...

President Trump’s state visit to the United Kingdom this week will spur “historic” trade announcements focused on tech-sector investment, nuclear power and joint defense efforts, senior U.S. officials said on Monday, but breakthroughs on digital trade barriers and sectoral tariffs remain further off despite industry calls for quick action. “Our tradition of economic cooperation will continue with a historic trade agreement which will feature three pillars. First, this visit will highlight a new science and technology partnership that will include...

G7 partners should impose tariffs on countries that import Russian oil if they are “truly committed to ending the war in Ukraine,” U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent said in a joint statement on Friday, after G7 finance ministers held an “emergency” video call at the request of the U.S. “During today’s call with G7 Finance Ministers, Secretary Bessent reiterated President Trump’s call to our G7 partners that, if they are truly committed to ending the...

The U.S. is close to a “big deal” with Taiwan, Commerce Secretary Howard Lutnick said on Thursday, adding that the administration was focused on agreements with Switzerland and India as well -- while waiting for South Korea to agree to terms on an already announced accord. During a Sept. 11 interview with CNBC , Lutnick offered an update on trade talks with a host of countries. He said the U.S. had “a big deal coming with Taiwan,” adding: “We’ll probably...