Page 2 - Eu Tariffs

India has option to hit back at EU tariffs with retaliatory custom duties

India has the option to propose the imposition of retaliatory customs duties under the WTO norms on goods imported of a certain value from the EU, as the two sides have failed to reach a consensus on the European Union's safeguard measures on some steel products, an official has said. The EU has extended safeguard duties on certain steel imports, scheduled to expire this month, by another two years till 2026. This is the second extension of the safeguards that take the form of the Tariff Rate Quota (TRQ), first imposed in 2018. India is one of the countries affected by this measure as it has a substantial interest in steel exports to the EU. In 2023-24, India's iron and steel and their products exports to the EU increased to USD 6.64 billion from USD 6.1 billion in 2022-23. India, along with other countries, has earlier raised concerns at the World Trade Organisation (WTO) over the European Union's (EU) move to extend safeguard duty on the import of certain steel products till ...

Europe vs China: Why is EU imposing heavy tariffs on imported Chinese EVs?

EU tariff on Chinese EVs explained: The new tariffs are set to take effect from July 4, unless ongoing discussions with Chinese authorities yield a different outcome

China urges EU to rethink EV tariffs; says 'cooperation the way forward'

Brussels seemed to have left some room for the two sides to continue their consultations to find a solution and avoid the worst scenario, the Xinhua commentary added

EU 'regrettably' hits US with tariffs, seeks better ties under Joe Biden

BRUSSELS/BERLIN (Reuters) - The European Union will impose tariffs on up to $4 billion of U.S. imports in retaliation for U.S. subsidies for Boeing , but said on Monday it was hopeful of an improvement in trade ties under U.S. President-elect Joe Biden.

EU wins approval to target $4 billion US imports over Boeing subsidies

Both the United States and the EU have signalled interest in settling the dispute over subsidies each provided to their respective plane makers, Boeing and Airbus

EU imposes tariffs as high as 66.4% on steel road wheels from China

The duties punish Chinese exporters of steel wheels for vehicles including cars, tractors and trailers for allegedly having sold them in the EU below cost, a practice known as dumping

EU's tariff threats against Asian leaders who abuse power risk backfiring

China, in particular, could step in to offset any export losses from nations hit with new EU tariffs

European Union considers 25% tariffs on US steel, jeans imports

The list of targeted US goods, including motorcycles, jeans and bourbon whiskey sends a message to Washington about the potential domestic economic costs of making good on the president's threats