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☆ Trade is being weaponized, EU's Dombrovskis says
  + stars: | 2024-04-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade is being weaponized, EU's Dombrovskis saysEU's Commissioner for Trade Valdis Dombrovskis discusses global trade at the International Monetary Fund Spring Meetings.
Persons: EU's Dombrovskis, Trade Valdis Dombrovskis Organizations: Trade, International Monetary
☆ EU's Dombrovskis sees some progress on steel, battery minerals talks with U.S.
  + stars: | 2023-04-14 | by ( David Lawder | ) www.reuters.com   time to read: +2 min
Dombrovskis, the EU's top trade official, told reporters that he could not provide any details on timing for reaching a U.S.-EU deal after Washington and Tokyo's quick agreement in late March. "We're making some progress, but also we're seeing that those are not easy discussions," Dombrovskis said of the minerals talks, adding that the EU was pursuing its own competing subsidies for clean energy technologies. That deal included new U.S. import quotas for specific duty-free volumes of EU steel and launched talks on a global arrangement to combat "dirty" metals production aimed at excluding Chinese capacity. Dombrovskis said, however, that the key parameters from the EU side was that the agreement would have to result in "complete withdrawal" of U.S. tariffs on EU metals as well as the quota arrangement. Creation of a green metals club would also need to be compliant with World Trade Organization rules, he added.
☆ EU's Dombrovskis: U.S.-Japan battery minerals deal a good basis for U.S-EU talks
  + stars: | 2023-04-14 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, April 14 (Reuters) - European Commission Executive Vice President Valdis Dombrovskis said on Friday that the bloc was willing to move quickly on a trade agreement with the United States for critical minerals used in electric vehicles and a recent U.S.-Japan deal was a "good basis for discussions." Dombrovskis told reporters he could not provide any details on timing for a U.S.-EU deal after Washington and Tokyo's quick agreement. The U.S. Treasury on Tuesday is expected to reveal which vehicles would see reduced access to U.S. tax credits of up to $7,500 based on their minerals and components content. "We see this U.S.-Japan agreement as a good basis for discussions, a good basis for the decisions and essentially we don't see reasons why we should be treated worse than Japan," Dombrovskis said during International Monetary Fund and World Bank meetings in WashingtonReporting by David LawderOur Standards: The Thomson Reuters Trust Principles.
☆ U.S. trade official Tai discussed Inflation Reduction Act with EU's Dombrovskis
  + stars: | 2023-02-17 | by ( Kanishka Singh | ) www.reuters.com   time to read: +1 min
WASHINGTON, Feb 17 (Reuters) - U.S. Trade Representative Katherine Tai on Friday met with European Union Executive Vice President Valdis Dombrovskis and discussed the U.S. Inflation Reduction Act, Tai's office said in a statement. The legislation excludes electric vehicles assembled outside of North America from tax credits in the United States. European nations are not the only ones who have raised concerns with the Inflation Reduction Act. Tai and Dombrovskis also discussed the ongoing negotiations for a global arrangement on sustainable steel and aluminum and agreed to remain in close contact as negotiations continue in 2023, the USTR office added. Reporting by Kanishka Singh in Washington; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
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