The prior notification has been published in the Official Journal.
This new fact sheet provides a comprehensive overview of EU-US automobile trade, as well as production and employment by EU auto manufacturers in the United States.
“The Commission has received overwhelming support for this vital safeguard measure from both member states and business”, said Axel Eggert, Director General of the European Steel Association (EUROFER). “The measure will go someway to ensuring the continued stability of the internal market for steel and ensure that EU steel producers do not suffer extreme surges of imports of steel deflected away from the now constricted US market”.
Today the European Commission is announcing provisional safeguard measures concerning imports of a number of steel products. These measures will address the diversion of steel from other countries to the EU market as a result of the recently imposed US tariffs. The safeguard measures will come into effect on Thursday 19 July. Traditional imports of steel products will not be affected.
The trade agreement is the biggest ever negotiated by the EU and will create an open trade zone covering over 600 million people.
The EU has threatened the US with countermeasures worth $294 billion if the Trump administration imposes further tariffs on European cars as a result of the ongoing investigation into whether they pose a possible threat to national security.
The European Union has on Friday 29 June submitted written comments to the US Department of Commerce in the framework of the on-going Section 232 National Security Investigation of imports of automobiles, including cars, SUVs, vans, light trucks and automotive parts.
Commissioner Malmström and Vietnamese Minister for Trade and Industry Trần Tuấn Anh agreed on a final text for the EU-Vietnam trade agreement, formally concluding the legal review of the document. In a meeting held in Brussels on 25 June, they also concluded discussions on an Investment Protection Agreement (IPA).