Economy
EU Commission's US trade deal set for rocky reception in Parliament
The EU Commission has launched implementation of its trade agreement with the US, promising to ease the burden on the EU automotive sector. But the adoption of the text is not guaranteed, with some MEPs denouncing the agreement as unbalanced.
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Economy
EU Commission 'surprised' by German minister's jibe on trade deal
The European Commission defended its US trade deal, saying it emerged from clear consultation with member states - including Germany - following a jibe by German Finance Minister Lars Klingbeil criticising the EU’s weakness in negotiations with the US.
Economy
The EU holds its breath as 1 August US tariff deadline looms
The EU Commission expects the US to keep its word and implement new tariff rates agreed on Sunday. Without a joint statement, it hopes that forthcoming US executive orders will provide relief to sectors heavily impacted since the start of the trade dispute.
Economy
The EU and US have shaken hands on a trade deal, but what's to come?
With the EU Commission and the White House making contradictory claims about the content of the EU-US trade deal struck on Sunday, industry, markets and governments are eagerly awaiting the release of a 'joint statement' which is set to clarify commitments made on both sides of the Atlantic.
Economy
EU member states adopt retaliatory hit list in response to US tariffs
The member states adopted on Thursday morning the list of countermeasures targeting €93 billions' worth of US products in response to US tariffs, but the Commission is yet to follow suit. It will only come into effect on August 7 if the two parties fail to reach an agreement.
Economy
Trade issues on the table at scaled-back EU-China summit in Beijing
European leaders demanded a more balanced relationship with China at a summit with President Xi Jinping in the Chinese capital on Thursday, as the bloc runs a massive trade deficit with the Asian giant of around €300 billion.
