More about this topic
Europe News
European steel sector on high alert amid slow-moving trade negotiation
The EU steel sector warned on Wednesday of overcapacities flooding the EU market after US president Donald Trump doubled tariffs on the sector to 50%. The new tariffs have increased pressure on the EU’s negotiating teams trying to break the deadlock in its ongoing trade wrangle with the US.
Europe News
EU-Ukraine trade reset: What comes after tariff-free access expires?
With the expiration of the EU’s tariff-free trade scheme for Ukraine, a new chapter begins in the economic relationship between Kyiv and Brussels - one marked by uncertainty, renegotiation and potential setbacks for Ukraine's war-stricken economy.
Europe News
Chances of solving US-EU trade dispute over tariffs slim, expert says
After the US president announced he would raise tariffs on aluminium and steel from 25% to 50%, a deal between the EU and the US is unlikely to be reached within the 90-day period set by Trump, according to Ignacio García Bercero, a former senior EU official and expert at the Bruegel think tank.
ADVERTISEMENT
Business
Farmers set to see lower trading costs from closer EU-UK ties
The EU and the UK remain each other’s most important trading partners for agri-food products, despite frictions linked to Brexit. A reduction of red tape could help farmers and other traders on both sides of the Channel, although businesses are waiting for details.
Europe News
EU prepares for trade retaliation if negotiation with US fails
The European Commission presented on Thursday new countermeasures which could hit €95 billions of US products if negotiations to end the trade dispute fail. Boeing, alcohol such as Bourbon whiskey and agrifood products could be hit.