US EditionEU’s Pacific Alliance Would Not Replace WTO, Officials Say | Honolulu Star-Advertiser
- U.S. President Donald Trump has set a July 9 deadline for reaching an agreement with the European Union and other nations to reduce tariffs.
- The deadline follows Trump's April announcement of 25 per cent reciprocal tariffs on autos, steel and aluminium, with a temporary 10 per cent duty that could double if no deal is reached.
- The European Commission has acknowledged receipt of the most recent U.S. proposal regarding tariff negotiations and is currently reviewing the terms while preparing to protect the EU’s interests.
- Von der Leyen described structured cooperation with the 12-nation CPTPP as a potential start to redesigning the WTO, which has been stalled by U.S. blocking of its Appellate Body.
- EU officials clarified the cooperation with CPTPP aims to improve the global trading system without replacing the WTO, reflecting persistent WTO dysfunction and geopolitical trade tensions.
28 Articles
28 Articles
EU’s Pacific alliance would not replace WTO, officials say | Honolulu Star-Advertiser
BRUSSELS >> The European Union’s plan to cooperate with Pacific Rim countries would aim to overcome some of the difficulties of the World Trade Organization, but would not seek to replace it, EU officials said on Friday.
Donald talks about an advance compared to July 9th. Europe is divided. Berlin would sign 10% tariffs immediately. US-Beijing agreement, break with Canada.Ursula von der Leyen told the EU Council on Thursday that he had received a contract with the United States in Berlin on the...
The European Union and the United States believe that they can reach some kind of trade agreement before the July 9 deadline, when Washington is about to impose a 50 percent tariff on almost all EU products and the bloc plans to apply its own set of countermeasures. European Commission President Ursula von der Leyen told EU leaders behind closed doors at a summit on Thursday that she hoped that an agreement could be reached before the deadline t…
Von der Leyen proposes to the 27 a partnership with a dozen Asian countries that will serve as an alternative to the World Trade Organisation, broken on many occasions and plunged into paralysis.The EU seeks new alliances, as a reinforcement of the relationship with Canada, while pessimism looms over the results of the negotiation with WashingtonThe EU is tense in the final straight of the negotiation with Trump and Sanchez denies concern about …
In the midst of the trade war opened by the United States with the whole world, the European Commission wants to revitalize the body responsible for arbitrating world trade and managing its rules: the World Trade Organization (WTO). EU Executive Ursula von der Leyen has raised this with the leaders of the Member States at the European summit held this Thursday in Brussels. To this end, the Commission also has the Transpacifica countries, a trade…
The WTO is supposed to regulate world trade, but due to outdated rules and blockades it is considered to be only partially capable of action. European Commission Commissioner Ursula von der Leyen is now considering a redesign or a replacement.
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