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Trade commissioner pledges ‘new tool’ to diversify suppliers and cut reliance on China
The European Commission is preparing a new tool to curb the bloc's dependence on China, with Trade Chief Maroš Šefčovič saying on Friday that companies could be required to source from at least three different suppliers. EU Trade Commissioner Maroš Šefčovič pledged on Friday a new instrument designed to help European businesses diversify suppliers and prevent shortages of critical materials from China. “Diversification now requires a dedicated instrument,” Šefčovič said at the Brussels...
EU trade chief calls for new tool to diversify supply away from China
BRUSSELS — EU trade chief Maroš Šefčovič has called for a new “diversification instrument” to help ensure that industry is not dependent on single sources of supply in sensitive sectors such as chips and rare earths. “Diversification requires a dedicated instrument,” Šefčovič said at the European Policy Center’s Brussels Economic Security Forum on Friday. “The model I have in mind is the Energy Union — a crucial undertaking for Europe,” said the EU trade chief, citing an initiative that he...
EU trade chief wants to emulate US intensity in talks with China
PARIS — EU Trade Commissioner Maroš Šefčovič wants to take a page from Washington’s playbook in trade talks with China. After meeting with Chinese trade envoy Li Chenggang in Paris on Thursday, the bloc’s trade chief told reporters that the EU will engage in deeper negotiations with Chinese authorities to resolve “what is becoming an unsustainable trade deficit with China.” Šefčovič suggested the bloc might draw inspiration from the groundwork done by the U.S....
UK to challenge EU over ‘devastating’ plans for new tariff-free steel import quotas
Business secretary Peter Kyle to meet European counterpart over proposals to almost halve amount of tariff-free importsThe UK business secretary, Peter Kyle, is to raise concerns about EU plans to dramatically reduce tariff-free imports of British steel with its trade commissioner Maroš Šefčovič in Brussels on Friday. The UK steel industry has previously warned of “devastating” consequences from the new quota system being planned by the EU, which will cut overall tariff-free imports from...
UK-EU ‘reset’ summit may still happen next month despite delay speculation
EU’s Maroš Šefčovič says summit will ‘probably’ be in July but sources say it could be put back as talks deadlockedUK politics live – latest updatesThe EU has said Keir Starmer’s upcoming summit “resetting” the UK-Europe relationship may still happen in July, amid growing fears it could be postponed to the autumn as talks over youth mobility remain deadlocked. “The summit is supposed to be mid-July but at the moment it could be put back to after the summer,” said one EU diplomat.
UK-EU ‘reset’ summit may still happen next month despite delay speculation
EU’s Maroš Šefčovič says summit will ‘probably’ be in July but sources say it could be put back as talks deadlockedUK politics live – latest updatesThe EU has said Keir Starmer’s upcoming summit “resetting” the UK-Europe relationship may still happen in July, amid growing fears it could be postponed to the autumn as talks over youth mobility remain deadlocked. “The summit is supposed to be mid-July but at the moment it could be put back to after the summer,” said one EU diplomat.
UK to challenge EU over ‘devastating’ plans for new tariff-free steel import quotas
Business secretary Peter Kyle to meet European counterpart over proposals to almost halve amount of tariff-free importsThe UK business secretary, Peter Kyle, is to raise concerns about EU plans to dramatically reduce tariff-free imports of British steel with its trade commissioner Maroš Šefčovič in Brussels on Friday. The UK steel industry has previously warned of “devastating” consequences from the new quota system being planned by the EU, which will cut overall tariff-free imports from...
UK to challenge EU over ‘devastating’ plans for new tariff-free steel import quotas
Business secretary Peter Kyle to meet European counterpart over proposals to almost halve amount of tariff-free importsThe UK business secretary, Peter Kyle, is to raise concerns about EU plans to dramatically reduce tariff-free imports of British steel with its trade commissioner Maroš Šefčovič in Brussels on Friday. The UK steel industry has previously warned of “devastating” consequences from the new quota system being planned by the EU, which will cut overall tariff-free imports from...
UK-EU ‘reset’ summit may still happen next month despite delay speculation
EU’s Maroš Šefčovič says summit will ‘probably’ be in July but sources say it could be put back as talks deadlockedUK politics live – latest updatesThe EU has said Keir Starmer’s upcoming summit “resetting” the UK-Europe relationship may still happen in July, amid growing fears it could be postponed to the autumn as talks over youth mobility remain deadlocked. “The summit is supposed to be mid-July but at the moment it could be put back to after the summer,” said one EU diplomat.
EU trade chief to meet China envoy amid heated trade tensions
Brussels is moving to crack down on Chinese overcapacity flooding the EU market, despite Beijing’s retaliation threats. The European Commission confirmed to Euronews on Wednesday that EU trade chief Maroš Šefčovič will meet his Chinese counterpart, trade envoy Li Chenggang, on the sidelines of an OECD ministerial meeting in Paris on Thursday. The visit comes as EU-China relations remain strained, with Brussels seeking to crack down on Chinese overcapacity and tackle a record-high €359.9...