Trade with the United States: Council authorises negotiations on elimination of tariffs for industrial goods and on conformity assessment

This article is brought to you in association with the European Council. The Council today approved mandates for the Commission to open negotiations with the United States on two agreements: a trade agreement limited to the elimination of tariffs for industrial goods only, excluding agricultural products; an agreement on conformity assessment that would have as its […]

Report on EU trade defence – effective protection against unfair trade

This article is brought to you in association with the European Commission. The EU shields 320,000 direct jobs across Europe from unfair foreign competition through its trade defence measures, according to a report out today. The Juncker Commission has strengthened Europe’s trade defence toolbox through two major reforms. Since 2014, it has also applied 95 measures […]

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 […]

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 […]

Trade is not a weapon. Let’s not use it as one

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Børge Brende, President, Member of the Managing Board, World Economic Forum At the Munich Security Conference last week, I moderated a panel discussion with an intriguing headline: can we make [economic] competitors like the US, Europe and China trade […]

How a trade war would impact global growth

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mario Mesquita, Chief Economist, Itaú Unibanco To estimate the effects of trade tensions on global growth, we created an economic simulation. First, we calculated the direct impact of tariff hikes on GDP. Our simulation assumes that the US will […]

How to survive and thrive in our age of uncertainty

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Robert Muggah, Co-founder, Igarape Institute and SecDev Group & Ian Goldin, Professor of Globalization and Development; Director, Oxford Martin Programme on Technological and Economic Change, University of Oxford We are living through an era of intense turbulence, disillusionment and […]

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 […]

6 ways China and the United States could jumpstart trade reforms

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Ricardo Meléndez-Ortiz, Co‐founding Chief Executive, International Centre for Trade and Sustainable Development & Shuaihua Cheng, Managing Director, ICTSD China, International Centre for Trade and Sustainable Development (ICTSD) Whether they’re new best friends or estranged fellows, President Donald Trump […]

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 […]

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 […]

Don’t understand the US-China trade war? This metaphor could help

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Ross Chainey, Digital Media Specialist, World Economic Forum US President Donald Trump has slapped 10% tariffs on about $200 billion worth of Chinese imports, intensifying a trade war that has sent shockwaves through the global economy. “Unfair policies […]

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, […]

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 […]

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 […]

Trump-China trade war lingers upsetting global economy and stock markets

The trade war between US and China has escalated in the last few days when Trump decided to announce tariffs on Chinese goods worthy of 50 billion dollars. The latter was not left unanswered by Beijing that fought back with similar announcements. However, the trade threats continued with the US warning to impose additional tariffs […]

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 […]

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 […]

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 […]

Britain declares trade war on mainland Europe

The new British Prime Minister Theresa May’s choices of Boris Johnson as Foreign minister and David Davis as ‘Secretary of State for Exiting the European Union’, in some respect can be considered as a declaration of a trade war on mainland Europe. The latter of the two despite being almost unknown to the wider public, […]

The EU threatens to impose extra import duties on Chinese products

The powerful EU’s executive arm, the European Commission, announced yesterday its proposal for a new legislation targeted at strengthening the protection of home businesses and products from external competition. It’s a clear effort to help the Union’s economy overcome a deepening recession. The new legislations will be in force early in 2014, after being approved […]