The EU will consider upcoming U.S. tariffs on steel and aluminum as it enters the final stages of a review of its steel safeguard measures (see 2412180032), with the aim of protecting European firms from import surges caused by the coming tariffs, said Leopoldo Rubinacci, the European Commission’s deputy director-general for trade.
The Commerce Department’s fall 2024 regulatory agenda for the Bureau of Industry and Security features a host of new rules that could soon update U.S. export controls, including restrictions on aircraft engines, biological equipment and reporting requirements for certain weapons sales, AI chips.
Canada will soon impose a 100% import tariff on all Chinese-made electric vehicles and a 25% tariff on certain Chinese steel and aluminum products, moves that will protect its auto industry from what it said are Beijing’s “unfair, non-market policies and practices.”
The Commerce Department’s spring 2024 regulatory agenda for the Bureau of Industry and Security features a range of upcoming rules that could update and expand U.S. export control regulations, including new controls on the activities of U.S. persons in support of foreign military and intelligence agencies, revised regulatory language to address “diversion concerns,” new multilateral restrictions on emerging technologies and broader license requirements for Pakistan.
China announced that it is "firmly opposed" to both the U.S. decision to open a new Section 301 investigation on allegedly unfair practices in China's maritime, logistics and shipbuilding sectors (see 2404170029) and President Joe Biden's call for a "tripling" of the existing Section 301 tariffs on Chinese steel and aluminum (see 2404170040).
After October's deadline passed without an agreement between the U.S. and the EU on a global trade deal for steel and aluminum (see 2404040034), talks are still ongoing, the European Commission’s top trade official said during a news conference April 18.
Turkey will appeal a World Trade Organization dispute panel finding against its retaliatory duties on certain U.S. goods, the WTO announced Jan. 31. Because the Appellate Body is nonfunctional as the U.S. prevents vacancies from being filled, the appeal goes "into the void." As a result, Turkey's tariffs may stand without further rebuke from the WTO.
Expect new EU action at the World Trade Organization in 2024, four Akin attorneys said in a Jan. 23 blog poost. With the exceptions of 2023 and 2007, the EU has filed at least one complaint every year since 1995, and is expected to "go back on the offensive" by starting at least one or two WTO spats this year, the attorneys said.
Turkish duties on a host of U.S. products in retaliation for President Donald Trump's Section 232 steel and aluminum tariffs violate World Trade Organization commitments, a WTO dispute panel ruled Dec. 19. The panel said the duties violate articles I and II of the 1994 General Agreement on Tariffs and Trade and also found that the Section 232 duties are not "safeguards."
The U.S. will grant new Section 232 exclusions for steel and aluminum imports from the EU as part of a deal that will also extend the tariff rate quotas on EU steel and aluminum and avoid EU retaliatory tariffs on U.S. exports.