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China's Retaliatory Tariffs List Focuses on US Exports of Agriculture and Cars
June 20, 2018 |International Sources

New Chinese 25 percent tariffs on goods from the U.S. set to take effect on July 6 (see 1806150037) are mostly focused on meat, agriculture and cars. China said it would impose initial tariffs on those and other goods mentioned in a first list on the same date the U.S will impose its Section 301 tariffs on goods from China (see 1806150003). China said it also plans to eventually add tariffs to goods mentioned in a second list, which includes chemical products, medical equipment and energy products.

EU Finalizes New Tariffs on US Goods; Will Take Effect June 22
June 20, 2018 |International Sources

The European Union adopted the proposed list of new tariffs on $3.2 billion worth of U.S. goods, the EU said in a June 20 news release. The list is the same as the one it submitted to the World Trade Organization (see 1806010022), and the new tariffs will take effect on June 22, the EU said. Additional tariffs will be added "at a later stage -- in three years' time or after a positive finding in WTO dispute settlement if that should come sooner," it said.

Topics:Section 232 Tariffs, World Trade Organization (WTO)
EU, Australia Begin Work Toward Trade Agreement
June 18, 2018 |International Sources

The European Union and Australia began discussing a "broad trade agreement" on June 18, the European Commission said in a news release. The EC's Commissioner for Trade Cecilia Malmstrom met with Australian Prime Minister Malcolm Turnbull and Trade Minister of Australia Steven Ciobo in Australia to officially begin the discussions. "In challenging times, it is heartening to see that Australia shares our commitment to a positive trade agenda, and to the idea that good trade agreements are a win for both sides," Malmstrom said. The first formal round of talks between negotiators will go on in Brussels July 2-6, the EC said. The EC also posted a new site focused on the agreement's progress.

Canadian Foreign Minister Says World Is United Against Aluminum, Steel Tariffs
June 14, 2018 |International Sources

Canada's Foreign Minister Chrystia Freeland, in Washington to receive an honor from the Foreign Policy publications group as diplomat of the year, took the opportunity to meet with U.S. Trade Representative Robert Lighthizer June 14. While NAFTA negotiations will continue intensively over the summer, she said, most of the hourlong meeting was about tariffs -- both those imposed by the U.S. and the Canadian dollar-for-dollar response.

Topics:World Trade Organization (WTO)