European collaboration with the U.S. on trade-related policies and other issues likely will become more difficult when President-elect Donald Trump returns to the White House in January, a former Swedish government official said Nov. 7.
The U.S. wants to remove more export barriers faced by the commercial space industry even after announcing a set of space-related export control reforms in October, a senior official said this week, adding that the effort could continue under the incoming Trump administration.
Former President Donald Trump is projected to win reelection and Republicans took back control of the Senate, setting up a possible repeat of the first Trump-led government that frequently used export controls to counter China and didn’t hesitate to levy threats at traditional U.S. trading partners.
China said it will continue its challenge at the World Trade Organization against the EU's countervailing duties on Chinese electric vehicles. The nation's Ministry of Commerce said on Nov. 4 it believes the EU's duties "lack both factual and legal grounds," violate WTO rules and stand as a "pretext for trade protectionism," according to an unofficial translation.
U.K. negotiators flew to Seoul this week to begin talks on upgrading a trade deal with South Korea that was negotiated more than a decade ago. The U.K. specifically wants to put in place “digitalised customs procedures,” simplified rules of origin and “reduced or zero tariffs” for exports to South Korea, adding that it wants to take better advantage of South Korea’s “booming import demand.”
Maros Sefcovic of Slovakia, the EU’s candidate for trade and economic security commissioner, said this week he would “double down” on defending European industry against “increasingly widespread” unfair practices.
Australian Trade Minister Dan Farrell and Chinese Commerce Minister Wang Wentao met to discuss trade issues this week ahead of the China International Import Expo trade show in Shanghai, the two countries said.
The agendas of both major presidential candidates would provide few incentives for other countries to negotiate new trade agreements with the U.S., a former Commerce Department official said Oct. 31.
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The EU will officially impose countervailing duties on electric vehicle imports from China (see 2408200020) despite months of lobbying from Beijing against the new tariffs (see 2410250015), which are meant to address EU concerns around Chinese EV subsidies. The new duties will remain in place for five years and will take effect the day after they’re published in the Official Journal of the EU, expected to be this week.