Trump wants to implicate China in US attacks against global order

Global trade prospects and order is in the hands of a New York bankrupt realtor who is addicted to risk. He doesn’t care if his moves in the trade negotiations harm his own country, as long as the spectators applaud. On Thursday 9 May the American President Donald Trump didn’t hesitate to hike import tariffs […]

The EU’s trading partners: US, China and the rest

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Formative Content One-third of all EU trade last year was with the US and China. Combined, EU countries conducted €674 bn ($750 bn) worth of trade with the US in 2018. Import and export deals with China […]

US-EU trade negotiations: pointless tariffs against real economic growth

The European Council approved last Monday the European Commission’s proposals authorizing the latter to start negotiating with the US in order to eliminate industrial goods tariffs and reach an agreement on conformity assessment. Most of the member states were in favour of the commencement of the bilateral trade negotiations except for France. However, the fact […]

“We need to accelerate our negotiation on the China-EU Investment Treaty”, Chinese Premier Li Keqiang highlights from the 21st EU-China summit in Brussels

The presidents of the European Commission and EU Council welcomed the Chinese Premier Li Keqiang yesterday at the 21st EU-China summit in Brussels where the two sides acknowledged their Comprehensive Strategic Partnership. EU and China agreed to a joint statement confirming their strategic intent and efforts for a more resilient cooperation in the framework of […]

US and China in painstaking efforts to conclude trade talks

China and the United States are working hard to achieve a trade deal, badly needed for both the two largest economies of the globe as well as for the rest of the world. During the past months of negotiations between the two giants, progress or confrontation in the dealings have been strongly – positively or […]

UK: Customs Union with EU or a longer delay of Brexit

Last week, the UK Parliament, the Commons, before rejecting PM Theresa May’s deal with large majority for a third time, had also voted down all eight alternative  exit options, ranging from a wild divorce to no exit at all. So far, the legislative has agreed only on delaying the exit. Now, the Prime Minister says […]

EU and China in search of a win-win agreement through strategic cooperation ahead of the EU-China summit

High Representative for Foreign Affairs and Security Policy Federica Mogherini together with the 28 EU Foreign Ministers met Chinese Foreign Minister Wang Yi last Monday to discuss the agenda of the EU-China Strategic Dialogue. During the meeting, both parties had the opportunity to enhance and promote their mutual cooperation on several international topics. Both sides […]

Why protectionism spells trouble for global economic growth

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jonathan D. Ostry, Deputy Director, International Monetary Fund (IMF) It is sometimes alleged that for all the microeconomic distortions that protectionist policies inflict, there can be a silver lining in terms of macroeconomic gains: more jobs, more output and […]

A Sting Exclusive: “Digital iron curtain makes no sense in 5G era”, by China’s Ambassador to EU Mr. Zhang Ming

This article was exclusively written and published first at The European Sting by the Ambassador Extraordinary and Plenipotentiary and Head of Mission of the People’s Republic of China to the European Union, Mr Zhang Ming. The opinions expressed in this article belong to the distinguished writer. Recently, 5G technology and its security have been on everyone’s lips in […]

The Sino-American trade conflict may be resolved soon

This newspaper for many months has been closely following the US-China trade conflict (if not at times a full trade war). The current negotiations in Washington D.C. are stuck at the same point as last summer. On August 27 our leading article said: “… Washington’s demands go beyond tariffs”. On October 18 we observed, “The […]

EU-US trade war? EU calls for logic while Trump’s administration is a loose cannon in a dangerous lose-lose situation for global prosperity

The European Parliament (EP) voted yesterday for the kick-off of the negotiations with the US government in an attempt to eliminate the industrial goods tariffs and harmonise conformity assessment. These mandates need to be supported by the EU member states in order to bridge the current trade differences between the European Union and the United […]

A digital tax sounds like a great idea. Here’s why it might not be universally popular

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content One of the most taxing of all the unintended consequences prompted by the rise of the digital economy has been the question of taxing the large, multinational firms that dominate the sector. But […]

After globalization what? Europe’s long, straining shake-up post Davos wreckage

It’s an established fact by now that the Eurozone economy is slowing down. The International Monetary Fund cuts down the relevant growth estimate for this year to 1.6% and 1.7% for 2020. This is far below the robust 2.4% of 2017. The German economy, the largest and the more competitive country of the club, is […]

Brexit: Only Corbyn and May in concert can make the needed compromises

A small group of British Tory MPs numbering around 120 representatives are decisively planning to send Britain to the cliff in a no-deal Brexit. Before last Xmas, they triggered an intraparty procedure to oust Prime Minister Theresa May from the party Presidency and consequently drive her out from 10 Downing Street. They were in minority […]

Trade war or not New York bankers will have it their way

The US and China agreed to hold talks on 7-8 January in Beijing to settle their trade differences, which have already eaten into both economies and disturb the global financial universe. If they fail to agree this week, the impact will be worse. It seems things are so bad, that the US Federal Reserve Chairman […]

Britain in chaos: May stays as Tory leader and PM but none can defuse the Brexit time bomb

Yesterday night the embattled British Prime Minister and President of the Conservative Party, Theresa May, won an intraparty no confidence vote. This was a Tory party internal procedure, triggered by members of her own parliamentary group. In the final result 200 Conservative MPs voted for May and 117 against her. In this way, she secures […]

The China-US trade deal will be signed on time; the path is set

The China-US trade truce agreed upon by the US President Donald Trump and his Chinese counterpart Xi Jinping has just prolonged the uncertainties haunting all and every world market. Stock exchanges on Monday went up and then on Tuesday fell on the news. The respite was struck last Saturday between the two leaders, in the […]

The German automotive industry under the Trump spell

Last week, the White House invited, or better summoned, the leaders of the German automotive industry to Washington D.C., in order to confer on the ‘problem’ of the missive imports of German cars in the US. The American President Donald Trump, in his belligerent line aggressively reshaping the American foreign trade policy with China and […]

France, Germany challenge Trump’s America on Iran and the reign of the dollar

Last week, the French President Emmanuel Macron and the German Chancellor Angela Merkel challenged the US President Trump by deciding to create a real European army. This week, the two European leaders said they are seriously working on the project to build a financial/trade-clearing mechanism, meant to override the American sanctions against Iran. In both […]

Europe’s poor investment in digital is threatening prosperity. Here’s what its start-ups need

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum.  Authors:  Felix Staeritz, Founding Partner and CEO, Michael Stephanblome, Founding Partner and CSO and Andreas von Oettingen Founding Partner and CTO, FACTOR10 Europe is one of the biggest economic regions in the world. The European Union’s impressive $17 trillion […]

Britain’s May won the first round on the Brexit agreement with the EU

Last Tuesday, the British Prime Minister Theresa May, said she has struck a Brexit agreement on the future relationship with the European Union. In reality though this is a withdrawal agreement, not a full trade or otherwise deal for the future relations between the two sides. Yesterday she won the backing of her deeply divided […]

“An open China brings opportunities to Europe”, a Sting Exclusive by China’s Ambassador to EU

This article was exclusively written for The European Sting by the Ambassador Extraordinary and Plenipotentiary and Head of Mission of the People’s Republic of China to the European Union, Mr Zhang Ming, on the occasion of China International Import Expo. The opinions expressed in this article belong to the distinguished writer. Sixty years ago, the first major World […]

EU tells Britain stay in as long as you wish

This newspaper has repeatedly asserted there will be no real Brexit, at least in the foreseeable future. Last week, the European Council in Brussels confirmed this. The President of the Council, Donald Tusk, made it clear. He plainly said Britain can remain as a full EU member after the Brexit day of 29 March 2019, […]

“As long as we work together through thick and thin, more benefits can be delivered to the people of Eurasia”, China’s Premier Li Keqiang highlights from ASEM in Brussels

The 12th ASEM (Asia-Europe-Meeting) Summit took place in Brussels on 18-19 October 2018, the first summit after ASEM enters its third decade. Fifty-one Eurasia leaders convened under the theme “Global Partners for Global Challenges”, which is definitely a contemporary theme given the global turbulences of our time. ASEM is the platform for dialogue between Asia and […]

US-China trade war: Washington now wants control of the renminbi-yuan

The US- China trade war is now taking new dimensions, touching the very financial heart of the most populous country on earth. The Washington administration has already more or less ordered Beijing to perform unbelievable structural changes of American liking in the economy. Now they say monetary issues have to be inserted in the trade […]

EU-UK: A deal synonymous to ‘remain’, England pays the Irish price

On 24 August 2017 the European Sting’s leading article ventured that, “Brexit may finally not really happen; The Brits have second thoughts”. This prediction was based on the basics of a proposal which Theresa May had aired on Thursday 17 August of last year. On this information, the European Sting then reported that between Britain […]

Window for a Brexit deal: Brussels to think again May’s proposal

This is the first time the British Prime Minister Theresa May can tell mainland Europeans, she can guarantee her Tory conservative Party won’t topple her over her Brexit proposal. The reason is that, last week, she marked a triumph at the annual conference of the governing Party at Birmingham. Obviously, the burning subject of the […]

The new North America trade deal USMCA punishes German cars

The North America Free Trade Agreement (NAFTA) is dead. Long live the new United States, Mexico, Canada Agreement (USMCA). The three North American nations will continue trading goods of a value of at least $ 1.2 trillion yearly between them. The US President Donald Trump had termed NAFTA as the worse trade deal his country […]

Security spillovers from Trump’s trade wars: China, Germany prepare for global disorder

US President Donald Trump’s aggressive trade strategy has now gone past the economic landscape and touched security issues. There are strong signs that next month’s security meeting between US and China may be cancelled. If this is the case, the two largest economies of the earth may enter uncharted waters. Until now, they have been […]

A Sting Exclusive: “Seize the opportunity offered by Africa’s continental free trade area”, written by the Director General of UNIDO

This article was exclusively written for The European Sting by Mr. Li Yong, Director General, United Nations Industrial Development Organization (UNIDO), the specialized agency of the United Nations that promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability. The opinions expressed in this article belong to the distinguished writer. Since the turn of the millennium, Africa […]

3 things the G20 can do to save the World Trade Organization

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Shuaihua ChengManaging Director, ICTSD China, International Centre for Trade and Sustainable Development (ICTSD) This week, trade and investment ministers from the G20 will gather at Mar del Plata in Argentina for the first time since the tariff […]

Trump aims trade offensive solely to China, renews truce with EU

US President Donald Trump’s thundering trade salvos now seem to be concentrating exclusively against China. This week’s cannonade though didn’t remain unanswered. On Monday, the Chinese Foreign Ministry spokesman, Geng Shuang, said “China will inevitably take countermeasures to resolutely protect our legitimate rights”. On Friday 7 September, the ‘America first’ ex TV celebrity aboard ‘Air […]

The Brexit factor in the US-China trade war and other conflicts

Last Friday, the American President Donald Trump aboard Air Force One threatened China with new tariffs on $267 billion of goods heading for the US markets, on top of the $200bn worth of Chinese exports Washington currently is ready to punish with extra levies. The US has already imposed extra tariffs on $50bn of Chinese […]