Europe

European Union Trade Commissioner-designate Valdis Dombrovskis said a Biden administration would make progress on bilateral trade issues more likely than if President Trump is reelected, citing his “unilateral” tendencies.

The ruling is expected to be made official in the coming weeks.

“Resorting to dispute settlement mechanism is a normal, civilized way to seek enforcement of legally binding commitments.”

The Trump administration should swiftly “seize the opportunity” to conclude a limited deal with New Delhi, a former U.S. negotiator in charge of the India portfolio said this week, contending the U.S. should do so before India gets “cold feet.”

One Europe’s largest business groups is calling on the U.S. and European Union to establish a high-level bilateral platform for economic and trade issues, arguing the two sides need a forum to deal with trans-Atlantic concerns and periodically “renew” their relationship.

Former Vice President Joe Biden will use tariffs only when necessary and only when they are backed by a comprehensive strategy, a top foreign policy adviser said on Tuesday.

The European Union should take the lead on reforming the World Trade Organization, European Commission President Ursula von der Leyen said on Wednesday, chastising “major powers” for taking the WTO “hostage” instead of working for change.

The U.S. and European Union should not prioritize a comprehensive free trade agreement in rebuilding their relationship, EU Director-General for Trade Sabine Weyand said on Tuesday, arguing that a bilateral deal would not address the major challenges facing the global economy like the deterioration of the rules-based system and the emergence of China as an economic powerhouse.

The World Trade Organization must be pulled back from the precipice of irrelevance and political weakness, says the United Kingdom’s nominee to lead it – arguing he would do so by making the global case for free trade, the multilateral rules-based system and what the world would lose without them.