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The World Trade Organisation (WTO) is going to back up the US to impose tariffs on EU products over the Airbus case where the aerospace firm received illegal subsidies by EU governments. Thus, the US President Donald Trump will have the upper hand and either impose billions of tariffs or bargain a better trade deal […]
It was last Monday when the US President Donald Trump met the Hungarian Prime Minister Viktor Orbán at the White House. Both leaders had the beautiful chance to praise each other at a gathering which lasted less than an hour. Only a few days ahead of the EU elections, the US President clearly shows his […]
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 […]
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 […]
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 […]
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 […]
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 […]
This article is brought to you in association with the European Commission. We met today in Washington, D.C. to launch a new phase in the relationship between the United States and the European Union – a phase of close friendship, of strong trade relations in which both of us will win, of working better together for […]
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 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 […]
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 […]
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 […]
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 […]
Emmanuel Macron, the French President, who has regained the European political initiative for his country, traveled to St. Petersburg, in Russia last Thursday. This was not an official state visit though. Macron just decided to participate in St. Petersburg’s annual International Economic Forum (SPIEF). A high end business delegation accompanied him. Macron met Putin only […]
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 […]
Donald Trump, the ‘America First’ President in withdrawing from the Iranian nuclear non-proliferation deal, doesn’t seem to be honoring his lead electoral motto. It seems that he is serving more the interests of Saudi Arabia and to a lesser extent of Israel. Riyadh has much at stake in its inimical interaction with Iran. Israel on […]
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 […]
A rare service Donald Trump is currently doing for the Europeans is that he offers them a platform for important common action to be undertaken by the French President Emmanuel Macron and the German Chancellor Angela Merkel. They are both visiting the White House this week, but expect quite different reception from Trump; pompous state […]
At a time when Donald Trump, the US President of ‘America first’ had just urged his military to leave Syria, the gas attack in Douma, near Damascus seems to change the prospect for Washington abandoning this country to Assad, Putin, Erdogan and the Iranians. Last Saturday, more than 60 people died and about 1000 were […]
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 […]
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 […]
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 […]
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 […]
Towards the end of last week, in Davos, a money devaluation war broke out. In the ‘magic’ Alpine mountains American Trumpist dignitaries did what was expected of them: they told the world they don’t give a damn about it…Trump himself, however, appeared a bit less Trumpist than his folk. Overall though, a US administration squad […]
Trump’s completely unwarranted aggressiveness towards the rest of the world took a violent thrust this week. His vice President Mike Pence speaking at the Israeli parliament, the Knesset, announced a speed-up of the relocation of the US embassy to Jerusalem from Tel Aviv. The move is now to be completed before the end of next […]
Last week a US federal court convicted Mehmet Hakan Atilla, an executive of Turkey’s state-owned Halkbank. This is a major financial institution of this country, controlled directly by the government. Attila found guilty on five accounts, for evading the American sanctions imposed on Iran. Most of those punitive measures were lifted in April 2015, in […]
At the end of last week, Rex Tillerson, the US State Department Secretary was intentionally undermined by President Donald Trump. This surprise move from the White House came only hours after the former gave an “’ironclad’ promise of U.S. support to its oldest allies in Europe”. To undercut this pledge, the White House leaked information […]
The turmoil in the American political system, caused by President Donald Trump’s Russian affair is having spillovers in Europe. Of course, it’s not the first time that Trump and his out of control political ‘inspirations’ instigate trouble for the Old Continent and the rest of the world. This time however, the US Congress prepares new […]
Donald Trump’s withdrawal from the UN Paris Climate Agreement is a major foreign policy step, rather difficult to understand. For one thing, the American environmental industry technologically spearheads the world in this domain. The US is a global leader in electric vehicles production, where mainstream vehicles are one of the major contributors to air pollution. […]
All main stream media analysts agree that the US President Donald Trump last Sunday 21 May in Riyadh, completely reversed his predecessor Barack Obama’s Middle East policy. He made it evidently biased, aggressive and dangerously personal, despite the extensive use of the word ‘peace’. In a matter of hours Trump endorsed one hundred per cent […]
It’s obvious by now that the European Central Bank and its President Mario Draghi are following a diametrically opposite monetary policy than the American central bank, the famous FeD. Both Draghi and ECB Vice President Vítor Constâncio have loudly reassured everybody that the Eurozone’s central bank will continue injecting €60 to €80 billion a month […]
The German Chancellor Angela Merkel returns to Berlin with a bill her country must pay to the US. The check was handed over to her personally by the American President Donald Trump last Friday at the White House. In a very clear manner he estimated what Germany owes to NATO, and indirectly to the US. […]
Last Friday U.S. Attorney General Jeff Sessions recused himself from the ongoing FBI probe of the case of the Russian interference in the US Presidential elections favoring Donald Trump. He said “I have recused myself in the matters that deal with the Trump campaign.” Last September, the US intelligence agencies collective, in a joint paper, […]
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