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 […]

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 […]

Business uncertainty rises as US grants only temporary exception to EU for steel and aluminium tariffs

Trump’s America first decided last Monday to prolong negotiations on steel and aluminium tariffs with Canada, the EU and Mexico till June 1. This announcement was made just a few hours before the temporary exception expires preventing retaliation and massive impact on the relationship between the U.S., EU, Canada and Mexico. However, the EU officials expressed […]