About: trade war
EU will eliminate industrial tariffs only if US lifts metal duties
The European Commission has made clear to the US administration that the elimination of industrial tariffs will depend on Washington lifting duties it imposed on EU steel and aluminium last summer.
Davos wrap-up: Watch out for a self-inflicted recession
Decision-makers and business leaders attending Davos forum last week warned of the risk of triggering self-inflicted recession if the growing pessimistic due to the economic slowdown or political instability persist.
PwC chief: ‘I do think that tensions between US and China will continue’
Pessimism is growing among CEOs, noted the latest global survey published on Monday by PwC, a consultancy firm. In an interview with EURACTIV.com, the global chairman of PwC, Bob Moritz, recommended companies and governments to focus on execution in order to truly turn risks into opportunities.
EU to open trade talks on industrial goods with the US
Commissioner for Trade Cecilia Malmström will request a mandate from member states to start trade negotiations on industrial goods with the US, she confirmed on Wednesday (9 January) during her visit to Washington.
Weber: If Trump treats Europe as an enemy, we’ll defend our industry
In case the trade war between Europe and the US intensifies and President Trump treats Europe as an enemy, then the latter will have no choice but to defend its industry, centre-right Spitzenkandidat Manfred Weber said.
2019 LOOKAHEAD: clouds on the trade horizon
A wave of protectionism and obstacles to free trade hit the global economy in 2018, and threaten economic growth in 2019. Although more disputes are expected, there is some cause for hope too.
China’s Xi fails to reassure Europeans on trade dispute with US
Chinese President Xi Jinping’s landmark speech on Tuesday (28 December) did not contain any new announcements to de-escalate the country's ongoing trade war with the US, worrying Europeans about the consequences on global commerce.
Trump and Xi’s truce upholds watered down G20 communiqué
A trade ceasefire agreed between the US and Chinese presidents, Donald Trump and Xi Jinping, helped to sustain the defence of multilateralism included in the final G20 declaration in Buenos Aires.
G20 struggles to agree on watered down declaration
The Group of Twenty most powerful nations were nearing an agreement late on Friday (30 November), in which a reference to a rules-based multilateral trade system was expected to be included. But ambition was lowered in the climate field to overcome the US opposition to the Paris Agreement.
Trump shakes up G20 before landing in Buenos Aires
US President Donald Trump cancelled on Thursday (29 November) his scheduled meeting with Russian President Vladimir Putin on the sidelines of the G20 and bragged about the tariffs imposed on China, before a key meeting with Chinese leader Xi Jinping on Saturday.
Europe to push for trade reforms in critical G20 summit in Buenos Aires
European leaders will pursue a last-ditch effort to improve the global trade system during the meeting of the Group of 20 most powerful nations in Buenos Aires (Argentina) later this week, as the dispute between US and China risks breaking the multilateral framework.
China responds to Trump’s barriers by opening its wallet
Chinese president Xi Jinping promised on Monday (5 November) to continue opening up his nation's economy and to increase imports by fuelling citizens’ spending power, as a response to growing protectionism and unilateralism.
Expert: US-China dispute ‘is not a trade but economic war’
The ongoing trade dispute is an instrument of cold economic warfare launched by the US to “contain” China, and it could lead to the fragmentation of the global economic and financial system, warned Alicia García-Herrero, a senior fellow at Bruegel think tank.
Commission eyes FinTech to boost euro’s role on global stage
New pan-European payment instruments, including solutions based on emerging technologies in the financial sector or FinTech, are a part of the European Commission’s plan to boost the euro's standing in international markets.
European elections amid a looming economic storm
The slowdown of Europe’s economic growth and the risk of a new recession if the ongoing trade war worsens could steer the political agenda in the run-up to next May's European elections.
Ambassador Zhang: China will do more to strengthen IP protection
China and the EU are “in the same boat” when it comes to preserving multilateralism, China's ambassador to the EU, Zhang Ming, stressed in an exclusive, wide-ranging interview with EURACTIV.com, which also addressed next week's ASEM summit and China's relations with its Asian neighbours.
Trump trade rows are ‘destroying’ growth, says German minister
Germany's economy minister on Sunday lashed out at US President Donald Trump, slamming his global trade rows and efforts to "dictate" Europe's dealings with Iran through renewed US sanctions.
ASEAN, EU close ranks in face of trade war threat
Southeast Asia and Europe stressed the importance of pushing back against protectionism and the threat of global trade wars on Friday (3 August), as their ministers work towards the eventual goal of a region-to-region free trade pact.
European markets sink as trade war fears build
European equities markets were in the red on Thursday as trade war fears ratcheted higher after the United States said it was looking at more than doubling threatened tariffs on a range of Chinese imports.
Bank of England poised to raise rates in the face of Brexit risk
The Bank of England looks set to raise interest rates on Thursday (2 August) to their highest level since the financial crisis, defying warnings that it is taking a gamble ahead of Brexit, the terms of which remain unclear.
Trump adds to China trade pressure as EU hails US soybean surge
As US President Donald Trump gears up pressure on China for trade concessions by proposing a higher 25% tariff on $200 billion worth of Chinese imports, the EU hailed a near three-fold jump in soybean imports from the US, attributing the surge to "market forces" and not last week's highly touted trade deal with President Trump.
EU offers trade talks to Trump despite steel and olive tariffs
The EU and US will stick with trade talks even if Donald Trump decides to maintain tariffs on steel and aluminium after promising European Commission President Jean-Claude Juncker a reassessment.
Juncker-Trump trade deal disrupts European unity
US President Donald Trump and European Commission boss Jean-Claude Juncker might have cracked the united front of the 28 member states, as France has already questioned the terms of their agreement and asked the Commission for clarifications.