EU Transportation News Updates

Trump's threats have sparked outrage and a flurry of diplomatic activity across Europe, as leaders consider retaliatory tariffs and the first-ever use of the EU’s anti-coercion instrument.

The Trump administration threatened retaliation against the European Union in response to efforts to tax American tech companies, singling out prominent firms.

The new demands come as the two sides prepare to negotiate the next steps of this summer’s trade deal, which set a 15% tariff on most EU goods entering the U.S.

The European Commission will propose early next week a long-term mechanism that will also reduce the bloc’s existing quotas for foreign steel by almost half.

President Donald Trump’s new tariffs on pharmaceutical imports will not apply to countries with negotiated agreements with the U.S. that contain provisions on drugs.

The move cements the terms of the framework trade agreement the two sides struck this summer.

EU trade chief Maros Sefcovic will meet with U.S. Trade Representative Jamieson Greer on the sidelines of the ASEAN ministerial summit in Kuala Lumpur.

Members of the European Parliament are pushing to insert a sunset clause that would limit the duration of tariff cuts on American industrial goods, and to adjust duties on specific products.

If the EU proposes the legislation by the end of the month, then the 15% tariff rate on European cars will be back-dated to Aug. 1.

The joint statement advances the preliminary deal announced a month ago, by including specific benchmarks for the EU to secure tariff discounts on cars, pharmaceuticals and semiconductors.