Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Bitcoin regains $112,000, Solana at seven-month peak

September 10, 2025

Chinese EV maker Nio eyes US$1.1 billion in proceeds from share placement

September 10, 2025

Jim Cramer’s top 10 things to watch in the stock market Wednesday

September 10, 2025
Facebook X (Twitter) Instagram
Wednesday, September 10
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Europe to launch dispute against U.S. tariffs with WTO
Finance & Economics

Europe to launch dispute against U.S. tariffs with WTO

adminBy adminMay 8, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 127


This photograph shows a European flag flying outside the EU headquarters in Brussels on May 6, 2025.

Nicolas Tucat | Afp | Getty Images

The European Union’s executive arm on Thursday said it would launch a dispute with the World Trade Organization over the U.S.’s “reciprocal” tariff policy and duties on cars and car parts.

The European Commission also said it had launched a public consultation on a broad list of U.S. imports to be potentially subject to countermeasures, if a trade deal is not reached with Washington. The list covers U.S. imports worth 95 billion euros ($107.4 billion) across a range of industrial and agricultural products. The list includes hundreds of items such as poultry, grains and metals.

“It is the unequivocal view of the EU that these [U.S.] tariffs blatantly violate fundamental WTO rules,” the European Commission said in a statement.

“The EU’s objective is thus to reaffirm that internationally agreed rules matter, and these cannot be unilaterally disregarded by any WTO member, including the US.”

The dispute will take the form of formally lodging a request for consultations.

In a press conference on Wednesday, European Trade Commissioner Maros Sefcovic said the EU’s main focus was negotiating a deal to avoid President Donald Trump’s 20% reciprocal tariffs on all U.S. imports from the bloc. Trump has also slapped a 25% tariff on all imported vehicles, hitting many European automakers.

However, Sefcovic added that EU continued to “prepare for any scenario.”

Don't think punitive tariffs are a good economic policy for the U.S., says Bob Diamond

In a Thursday statement, EC President Ursula von der Leyen said: “The EU remains fully committed to finding negotiated outcomes with the US. We believe there are good deals to be made for the benefit of consumers and businesses on both sides of the Atlantic.”

The EU has paused an initial set of retaliatory measures agreed by member states in April — a response to U.S. duties of 25% on steel and aluminum — to enable negotiations. The countermeasures, if implemented, will target around 21 billion euros ($24.1 billion) worth of U.S. goods ranging from agricultural products to clothing, chiefly with a tariff rate of 25%.

The U.K. is set to become the first country to strike a trade deal with the U.S. amid the current tariff turbulence, with an announcement scheduled for 10 a.m. ET Thursday.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Finance & Economics

investors await Fed rate decision

July 30, 2025
Finance & Economics

Bank of America expects a jobs report dud on Friday

July 29, 2025
Finance & Economics

The Fed is unlikely to cut rates, but this week’s meeting is packed with intrigue

July 29, 2025
Finance & Economics

U.S.-China tariff pause not set, say Bessent, Greer

July 29, 2025
Finance & Economics

Biggest labor union opposes Union Pacific, Norfolk Southern merger

July 29, 2025
Finance & Economics

Trump trade, tariff deals with all but China done soon: Lutnick

July 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Aurangzeb confident inflation will stay in check amid ongoing flood crisis – Business & Finance

September 10, 2025

Floods ravage over 1.3mn acres of agricultural land in Punjab, says PBF – Business & Finance

September 10, 2025

National Tariff Policy 2025-30 could hinder industrialisation in Pakistan, warns PRAC – Markets

September 10, 2025

Pakistani rupee records 24th successive gain against US dollar – Markets

September 10, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Bitcoin regains $112,000, Solana at seven-month peak
  • Chinese EV maker Nio eyes US$1.1 billion in proceeds from share placement
  • Jim Cramer’s top 10 things to watch in the stock market Wednesday
  • US dollar stabilizes amid mounting geopolitical tensions, and before inflation data
  • Global capital is tiptoeing into Hong Kong’s market, aided by the city’s investment fund

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Bitcoin regains $112,000, Solana at seven-month peak

September 10, 2025

Chinese EV maker Nio eyes US$1.1 billion in proceeds from share placement

September 10, 2025

Jim Cramer’s top 10 things to watch in the stock market Wednesday

September 10, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.