US and EU

Will trade wars undermine global economy?

Escalating global trade war could cut world GDP growth to 2.8% from 3.2% (by 0.4%), according to Fitch Ratings 2018 “Global Economic Outlook” baseline forecast. According to the agency, the U.S., Canada and Mexico would be …

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 Trump lambasts EU over $5.1bn fine for Google

US President Donald Trump has attacked the European Union’s decision to fine Google $5.1billion for “serious illegal behaviour”. "I told you so! The European Union just slapped a Five Billion …

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Mogherini : EU is friend of US

The European Union's foreign policy chief Federica Mogherini said the United States has remained a "friend" of the 28-nation bloc Speaking ahead of today's Russ-US summit, Mogherini said that …

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Trump: European Union is foe of US

US President Donald Trump named the European Union when asked to identify his "biggest foe globally right now." "Well, I think we have a lot of foes. I think the European Union is a foe, what they do to …

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EU warns of hit to US over car import tariffs

Washington’s threat to hit car imports with punitive tariffs risks sparking global retaliation against as much as $300 billion of US products, according to the European Commission's written submission to the US Department of Commerce …

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Brussels hits U.S. imports in response to Trump tariffs

The European Union will begin charging import duties of 25% on a range of U.S. products on June 21, in response to U.S tariffs imposed on EU steel and aluminum, the European Commission said. The Commission formally adopted a law putting …

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EU to hit U.S. imports with duties in early July

The European Union expects to hit U.S. imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminum. EU members have given broad …

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Mogherini: EU 'not at trade war with anyone'

EU foreign policy chief Federica Mogherini said the bloc was not in a trade war with anyone but would defend its interests, hours after the US slapped punishing metals tariffs on Europe and other close allies. "The …

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