
Steel quota deal for EU trade partners means more pain for China
China is set to face tougher restrictions on its steel exports to Europe under a new formula set out by the EU Commission.

China is set to face tougher restrictions on its steel exports to Europe under a new formula set out by the EU Commission.

After months of rhetorical disputes and the threat of new trade defence measures, top EU and Chinese trade officials have set themselves an October deadline to resolve their disputes.

Monday’s meeting between Chinese commerce minister Wang Wentao and EU trade commissioner Maroš Šefčovič in Brussels has been billed by EU officials as a make-or-break event for the future of Europe’s trade with the manufacturing superpower.

EU’s first-ever services trade deal with African states will give European firms near-unfettered access to Mauritius and Seychelles’ offshore financial hubs.

The EU wants to reduce its trade deficit with China – but Beijing insists there is no problem. Bridging that gap is the challenge facing EU trade chief Maroš Šefčovič.

The EU Commission is now aiming a series of blows at China’s trade surplus – pulling out the ‘overcapacity instrument’ instrument from its armoury, which would cap imports of certain Chinese products to the EU.

Impose a so-called ‘overcapacity instrument’ aimed at reducing Chinese exports and we will hit back with “resolute countermeasures”, Beijing has warned the EU.

The EU’s relations with China are ‘complex’ and marked by ‘systemic rivalry’, the EU’s ambassador to China conceded on Friday.

The EU-Mercosur deal spoke of “alignment of production standards,” but animal welfare groups said it risked promoting intensive animal farming in Latin America.

Israel has been engaged in the deadliest and most deliberate effort to kill and silence journalists ever-documented since 1992, according to the Committee to Protect Journalists (CPJ), a US-based non-profit.

Despite being one of China’s main economic allies in Europe, Spain’s prime minister has urged Beijing to take steps to reduce its ‘unsustainable’ trade deficit with the EU.

Beijing’s new rules cover any commercial decisions that could be seen as affecting China’s supply security, including decisions to stop supplying Chinese customers or to exit China-related supply chains.

Despite its insistence that it supports ‘rules-based trade’, the EU has accepted president Donald Trump’s tariffs. And its own trade agenda is more complicated than just free trade.

MEPs have inserted a series of safeguards into the EU-US trade tariff deal that will require Washington’s approval, as US urges the EU to sign it off.

THIS WEEK: EU turns to Africa, as Middle East burnsEU will sign defence partnership with Ghana, after a series of coups reduced European power in west Africa.

Beef quotas and the scrapping of an Australian tax on luxury cars are the main issues to be resolved by officials.

MEPs expect to take a final plenary vote on a hotly contested EU-US trade deal in Strasbourg next Thursday.

In Europe, goods and people mostly move freely — but services are still largely stuck behind a web of national bureaucracy. We are, in effect, sanctioning our own economies, warns MEP Barry Andrews.

MEPs say the so-called ‘safeguards’ regulation will ensure European farmers are not put out of business by cheap imports from South America.