The U.S. administration just announced on Friday 17 May the lift of Section 232 tariffs for aluminium against Canada and Mexico. It is time to also exempt Europe from the 10% tariff on aluminium products, says European Aluminium.
Plastic waste shipments that are today destined for intra-EU trade will be affected by the significant new hurdles caused by the new rules, since collection, sorting and recycling often take place in different Member States.
Goods imported and exported by the European Union (EU) can be invoiced in a range of currencies. In 2018, the euro was the most used currency for EU exports with a share of 48% of the total value of goods exported to non-EU countries and a share of 35% invoiced in US dollars. The picture was reversed for imports, with 56% of imports paid in US dollars and around a third in euros (35%). For total trade (exports plus imports) the US dollar (45%) was used slightly more often than the euro (41%).
Keynote lecture by Mr Ignazio Visco, Governor of the Bank of Italy, at the Aaron Institute for Economic Policy Conference 2019, Herzliya, 16 May 2019.
The first estimate for euro area (EA19) exports of goods to the rest of the world in March 2019 was €205.6 billion, an increase of 3.1% compared with March 2018 (€199.5 bn). Imports from the rest of the world stood at €183.1 bn, a rise of 6.0% compared with March 2018 (€172.7 bn).
Concerns welded tubes and pipes of iron or non-alloy steel originating in Belarus, Russia and China.