Europe News
Tariffs: EU holds fire on US spirits in tit-for-tat trade war
The entry into force of a list of countermeasures against US trade tariffs, including American spirits, has been postponed to allow time for talks among EU member states, with the European Commission awaiting Washington’s next move before revising its overall response.
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Europe News
Von der Leyen to scope stronger trade ties with mineral rich Vietnam
EU senior officials including Commission President Ursula von der Leyen are set to go on a scoping trip to intensify trade bonds with Vietnam five years after signing a free trade agreement with the south-east Asian country.
Europe News
Commission touts action plan for steel industry faced with US tariffs
The Commission has pledged an action plan for the steel industry to be launched in mid-March, days after US President Donald Trump's threatened tariffs against the sector are slated to come into force, beckoning the onset of a trade war.
Europe News
Exclusive: France, Germany divided over how to retaliate to US tariffs
Despite EU countries fronting an outward show of unity over the Trump White House's tariff threats, dividing lines are emerging: some favour swift retaliatory action, others would prefer ongoing dialogue with the US. At stake is whether Europe can continue negotiating en bloc or will see a splinter.
Business
US importers stockpiling Italian prosecco amid fears of tariffs
During the first Trump administration, Italian wines were exempt from tariffs, and as of right now, no duties have been declared against European allies. However, to safeguard the market, Prosecco importers and distributors say they are taking preventative action.
Economy
How a potential global tariff war could hit Europe's supply chains
Rising tensions between key world players have led to increasing concerns of a global trade war, which would also hit Europe. Kevin O'Marah from community research platform Zero100 is speaking about the world's most pressing global trade issues at the WEF at Davos.