Washington is pressing the European Union to speed up trade negotiations launched after last month’s meeting between US President Donald Trump and EU Commission President Jean-Claude Juncker, two German and a US official said on Saturday (25 August).
European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina on Sunday (22 July), putting them at odds with US counterparts.
After half a year of intense debate and bickering between member states, the European Commission proposed on Wednesday (21 March) a new system for taxing digital companies that will charge large firms 3% of their revenue and will hit US tech giants like Google and Facebook.
A compromise could be reached as soon as this week between the European Union and United States over the tariffs President Donald Trump imposed on steel and aluminium, a German minister said Monday (19 March).
The United States said on 13 May the world's other rich economies were getting used to the policy plans of President Donald Trump, but Europe and Japan showed they remained worried about Washington's shift.
G20 finance ministers emerged from a disappointing meeting yesterday (19 March), where no agreement was reached on trade relations after the United States proved to be in no mood to compromise. EURACTIV Germany reports.
European Commission President Jean-Claude Juncker is not worried about other EU countries following the United Kingdom out of the EU because Brexit will show them "it's not worth leaving". He also warned that a trade war is not in the interests of either Brussels or Washington.