USA hits steel imports with 25% tariff: Trump has ‘lit a match under the global trading system’
IN DEPTH: In a bid to correct “unfair trade” US President Trump has signed an order to impose heavy tariffs on steel and aluminium. While Mexico and Canada are currently excluded, the Section 232 steel tariff will hit steel imports from all other countries – including products from the EU – with a 25% tariff. This […]
Post-Brexit trading: Anti-dumping & upfront VAT?
The Taxation (Cross Border Trade) Bill – or ‘Customs Bill’ – will receive its second reading the House of Commons this week, detailing trading post-Brexit. Unions and business bodies have called for amendments to bring in strong anti-dumping legislation, giving power to the new Trade Remedies Authority. The GMB Union was among those calling for […]
‘Better late than never’: EU unveils trade defence toolbox, four years in the making
Four years since the process was launched, this week the Commission, the Council and the European Parliament reached an agreement on the modernisation of the EU’s trade defence instruments. According to the trio, the changes agreed to the EU’s anti-dumping and anti-subsidy regulations will make the EU’s trade defence instruments more adapted to the challenges […]
Anti-dumping: European Commission agrees new methodology, to be enforced by end of year
The European Union stepped closer to new anti-dumping legislation this week, in the latest instalment of the trade defence saga. Yesterday (3 Oct 2017), European Parliament and Council negotiators agreed on the Commission’s November 2016 proposal to change the EU’s anti-dumping and anti-subsidy legislation. These changes will enable Europe’s trade defence instruments to deal with […]
Anti-dumping: “Europe cannot be naïve and must defend its interests”
COREPER, the EU’s Permanent Representatives Committee, has agreed on the Council’s negotiating position on a proposal to modernise the EU’s trade defence instruments. The proposed regulation, touted last month, amends current anti-dumping and anti-subsidies regulations to better respond to unfair trade practices. The purpose is to shield EU producers from damage caused by unfair competition, […]