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 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 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 […]

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 […]

The US calls off globalization, targets Germany. Paris offer to Berlin comes at a cost

Last Friday, the ‘America first’ President Donald Trump repeated his threats to impose a super tariff on imports of European cars, obviously having in mind the German automotive industry. His latest menace came only hours after the European Union moderately retaliated to the US aggressive trade action, by levying additional import duties on American goods […]

EU adopts retaliative measures in response to US steel and aluminum tariffs

This story is brought to you in association with the European Commission This is a European Commission release Brussels, 20 June 2018 The European Commission adopted today the regulation putting in place the EU’s rebalancing measures in response to the US tariffs on steel and aluminium. The measures will immediately target a list of products […]

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 […]

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 […]

Britain aligns with EU rivaling US on trade and Iran, abandons bilateral ‘Midsummer Night’s Dream’

Last Sunday 29 April, Britain determinedly joined the other two major European Union powers, Germany and France in cautioning the US not to activate its super levies of 25% and 10% on imports of steel and aluminum respectively. Donald Trump, the president of ‘America first’, on 23 March had announced the imposition of the above […]

Is the advent of nationalism to destroy economic neo-liberalism?

All major stock exchanges suffered severe losses on the first day of this week not because Tesla and facebook stocks are falling, or even because the Chinese announced on Sunday night their retaliative import tariffs of 15% to 25% on 128 US products; all that was known and probably discounted for during the past few […]

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 […]

Trump’s trade war splits the EU; Germany upset with Juncker’s “we can be stupid too”

The US-EU trade war starts on 23 March, with the first shot fired by Washington at 12:01 a.m. (04.01 GMT). From what we know so far, from that minute onward the American customs authorities will impose extra tariffs on steel and aluminum imports, set by President Trump at 25% and 10% respectively. However, it seems […]

Trump systematically upsets global order and trade: Where does this end?

The extra import tariffs Donald Trump, the ‘America first’ President, the US is to impose on steel (25%) and aluminum (10%) imports have provoked a tsunami of reactions and widespread consequences without and even within the country. The European Commission President reacted swiftly and stated the EU is to retaliate with tariffs of an equal […]

Is Britain to sail alone in the high seas of trade wars?

If Britain is counting on the US for a favorable bilateral trade agreement after Brexit, Donald Trump the President of ‘America first,’ rushed last Thursday to destroy that Brit dream; he announced 25% extra tariffs on steel and 10% on aluminum imports, prompting anger and retaliatory measures from America’s closest political allies, Canada and the […]

Brexit may finally not really happen; The Brits have second thoughts

Last Thursday the European Sting, alone amongst the English language media, announced that “At last Britain considers a super-soft Brexit”. Only hours later the British government published a policy paper envisaging the continuation of the European Union’s supervision of UK borders, even after the ‘full’ realization of Brexit. One of the two alternatives described in […]