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 […]

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 […]

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 […]

Trump’s trade wars: Aiming at long term gains for America

Last Friday, President Donald Trump again surprised  the world by imposing new import tariffs on Chinese products of a value of $60 billion and deferring the imposition of import super levies on European Union steel and aluminum for 1st May. In the latter case he also postponed the new tariffs for another six exporting countries […]