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 […]

Ukraine’s Poroshenko implicates NATO in his duel with Putin

Ukraine, once the breadbasket of central Europe and now the miserable wartorn offspring of the breakup of the ex USSR, keeps confirming her reputation for being a deeply divided country and society. The current governing oligarchy under President Petro Poroshenko supported by the West, having succeeded under obscure conditions the Moscow controlled administration of Viktor […]

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 […]

EU-US ties to break over Iran; Democrats’ electoral win may not change it

After last Tuesday’s midterm elections in the United States, the Republicans of President Donald Trump lost the House of Representatives to the Democratic Party. The vote was turned out into a referendum for the Trump administration, and the GOP lost the full control of the two chamber Congress. From now on, the White House will […]

Erdogan vies to become Middle East Sultan over Khashoggi’s killing

It’s plain by now that the Turkish ‘Sultan’, President Tayyip Erdogan vies to directly implicate Saudi Crown Prince, Mohammed bin Salman bin Abdulaziz Al Saud or MbS, the actual ruler of his country in the murder of Jamal Khashoggi. The victim was for decades a very high placed systemic journalist in Riyadh, loyally serving the […]

The Khashoggi affair: A global complot staged behind closed doors

For two weeks now practically all Western governments and media are at rooftops for the barbaric murder of Jamal Khashoggi, who was killed inside the Saudi Arabia’s Consulate in Istanbul. Very few people outside the oil Kingdom and the circles of Middle East ‘experts’ knew about the man, before he was massacred by his compatriots. […]

Populist Eurosceptics helped by Trumpists seriously threaten the EU edifice

The confrontation between the populist Italian government and the European Union’s leadership has already left a clear trail on the European ground that permits us to project the itinerary of this conflict in the future. The Italian government is an unorthodox coalition of the extreme right wing party Lega, under its rebellious leader Matteo Salvini […]

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 […]

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 […]

Trump rejects Europe’s offer for zero car tariffs; he had personally tabled that idea in July

The US-Mexico trade agreement, with or without Canada on board, targets Europe aggressively. For one thing, it will make life difficult for the German car companies which produce in Mexican assembly lines and sell in the US. Last Thursday, the European Sting reported the hidden sides of the US-Mexico trade deal in an article entitled, […]

The US-Mexico trade deal a threat for others, Trump to single out China, Europe

The North American Free Trade Agreement (NAFTA) between US, Mexico and Canada is reborn. It was discarded and denounced by the American President Donald Trump since the first days of his campaign to conquer the White House, and now it returns almost undamaged, just under another name. Last Monday, after more than one year of […]

US-China trade war at point of no return: Washington’s demands go beyond tariffs

It seems the US-China trade conflict, if not full scale trade war, is entering the phase of no return. Nothing will be as before in the economic and otherwise relations between the two largest economies of the world. Washington appears ready to push its cause to the end, while Beijing still pretends not to understand […]

Trump fines China with $50 billion a year plus some more…

The New Yorker President of ‘America first’, Donald Trump, has figured out the cash China has to pay the US every year, in order to continue exporting her products to the largest market of the globe. It’s something like the ‘protection’ cash New York shopkeepers have to pay the gangs in order to get on […]

Skeptic France about Trump-Juncker trade deal favoring German cars; EU’s unity in peril

The Trump-Juncker trade truce and pledge for ‘zero tariffs’ seems to have left everybody happy, especially Berlin, but the French said don’t uncork ‘les champagnes’, at least not yet. In detail, last Wednesday, the American President Donald Trump and the European Commission President Jean-Claude Juncker met in the White House and struck an agreement about […]

The EU sides with China against the US; but has Germany capitulated to America?

If billions of EU penalties on American icon companies and U.S. super tariffs on European cars are strong and aggressive trade weapons, then yes the EU and the U.S. are at all out economic war. As in all wars, the difficult or even impossible thing is to predict its end. Unavoidably, there will be victims […]

EU and China to do more in common if the global scene gets worse

At a time of global trade, and not only, disorder, caused mainly by the US President of ‘America first’ Donald Trump, on 16 July in Beijing Europe and China held their 20th Summit. Both are targets of American trade aggression, but it seems the European Union is not yet ready to decisively join forces with […]

Does May have enough time in Parliament to table a soft Brexit deal?

The American President, last Wednesday and Thursday, after having infuriated his European allies at the NATO Summit, flew to London. Just after landing there he told the Brits that the US will not offer Britain a trade deal after Brexit, because May’s proposal for the divorce with the EU is not to his liking. In […]

Trump doesn’t only target Germany, aims to crack the entire EU

The EU-US trade war is now deeply dividing Europe between those who export cars to America and those who don’t. Germany and France have for quite some time been at odds, regarding the handling of the latest Donald Trump threat to impose import super-tariffs on cars assembled in Europe. Now, however, their differences are becoming […]

Trump’s MAGA policy remains unchanged as EU warns to impose additional retaliation tariffs on US products

EU threatened the US last Friday with tariff measures on 294 billion dollars of US exports in case Donald Trump’s administration imposes import tariffs on cars and car parts. The US president seems to be doing whatever possible to cause trade wars all over the world. The Old Continent will continue attempting to persuade Mr […]

Trump goes ahead with plan to undo globalization; targets China and EU

Harley-Davidson motor cycles is the first American iconic company to suffer in more than one way from Trump’s action aimed at reversing the world economic order. It’s a matter of fact by now that the ‘America first’ President seems decided to overturn globalization. In doing so, apart from causing global disorder, he will embarrass a […]

Germany takes cover from Trump in Eurozone and decides to pay for it

Nobody in Germany doubts it any more that Donald Trump’s America is not a friendly country and market any more, or a guarantor of European security, as was the case for the last 70 years after WWII. To ward off any confusion about that, the German ambassador to the US made a clear statement. Peter […]

At last Germany to negotiate the costs for a really cohesive Eurozone

Finally, Germany blinked. Chancellor Angela Merkel at last decided  to clearly respond and, up to a certain degree, uphold French President Emmanuel Macron’s ideas, about reforming the Eurozone, in order not only to save it from unraveling, but, if  possibe, to make it more cohesive and stronger. In an interview to last Sunday’s issue of […]

US-EU trade war: Berlin fearful of the second round

Finally, Trump did it. He declared war against his country’s closest and more loyal allies Canada, the European Union and Mexico. In the case of the EU though, things may be more complicated than the super tariffs on steel and aluminum products of 25% and 10% respectively, imposed as from 1 June by the US […]

America writes-off Iran, blocks Europe’s Tehran talks

While the European Union and more so Germany have being relentlessly working to save the nuclear non-proliferation deal with Iran, last Monday the new US Secretary of State, Mike Pompeo, shattered any opening for negotiations with Tehran. Until Pompeo dropped his bombshell, the EU was discussing a new pact with Iran, on the basis of […]

Is Germany closer to Russia than the West? Nord Stream II and Iran count more

Last Friday, Angela Merkel, the German Chancellor, rushed to Sochi, the Black Sea seaside Russian resort to meet Vladimir Putin. It was the first visit by a Western leader to meet him at home, after his fourth inauguration on 7 May as President of the vast country, this time for six more years. Looking through […]

France-Germany: Divided in Europe, USA united in…Iran

Last Tuesday afternoon the President of ‘America first’ Donald Trump withdrew the US from the Nuclear non-Proliferation Agreement with Iran. The deal is known as P5+1 and was co-signed by the US, France, Britain, Germany, Russia and China. There is no information regarding when the US is to re-introduce its economic sanctions against Iran, and […]