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EU Reactions to the U.S. Steel and Aluminum Tariffs
March 14, 2018, Covington Alert
In our March 9 client alert we outlined the proclamations issued by President Trump announcing tariffs on imports of steel and aluminum in the United States, which will go into effect on March 23.
The European Union—which is the second-largest foreign supplier of steel and aluminum to the United States, after Canada—has expressed concern about the imposition of these tariffs and may take a variety of actions in response, including challenging these tariffs in the World Trade Organization and/or imposing retaliatory tariffs of its own.
March 10, 2021, Covington Alert
Traditionally, the logic of trade policy within the EU was driven by economic efficiency considerations: lower tariff and non-tariff barriers to international trade would facilitate mutual gains through the theory of comparative advantage. The EU’s new trade policy approach—“open, sustainable, and assertive”—has shifted tack to incorporate non-economic concerns ...
March 8, 2021, Covington Alert
The European Commission’s recently concluded Trade Policy Review (“TPR”) commits the EU to a more “open, sustainable and assertive” approach to trade. The EU’s emphasis on assertiveness is made credible by a series of reforms that give the EU and Member States new legal enforcement powers and institutions. This reorientation toward enforcement was echoed after a ...
Recent Developments and the Future Outlook for the Ongoing US-EU Large Civil Aircraft Trade Dispute
November 16, 2020, Covington Alert
Latest Developments In the latest tit-for-tat action in a long-running trade dispute between the United States (“US”) and the European Union (“EU”), the EU announced that effective November 10, 2020 it would apply a 25% tariff on products found in 136 8-digit Harmonized Tariff Schedule (“HTS”) numbers ranging from vitamins to video game consoles. (The full list ...