Sylvie Corbet, Associated Press Updated 1:52 pm CDT, Thursday, April 11, 2019 French President Emmanuel Macron speaks with the media as he leaves the building at the conclusion of an EU summit in Brussels, Thursday, April 11, 2019. European Union leaders on Thursday offered Britain an extension to Brexit that would allow the country to delay its EU departure date until Oct. 31. less French President Emmanuel Macron speaks with the media as he leaves the building at the conclusion of an EU summit in Brussels, Thursday, April 11, 2019. European Union leaders on Thursday offered Britain an ... more Photo: Olivier Matthys, AP Photo: Olivier Matthys, AP Image 1 of / 1 Caption Close Image 1 of 1 French President Emmanuel Macron speaks with the media as he leaves the building at the … [Read more...] about French anger at Trump’s climate stand hits US-EU trade talks
Eu trade tariffs
BRUSSELS (Reuters) - The European Union's trade surplus with the United States and its deficit with China both increased in January, serving as potential fuel for trade conflicts between the world's largest economies. The EU surplus in goods trade with the United States expanded to 11.5 billion euros (10 billion pounds) in January, from 10.1 billion in January 2018, EU statistics office Eurostat said. With China, the EU deficit also increased to 21.4 billion euros, from 20.8 billion euros a year earlier. U.S. President Donald Trump has complained repeatedly about Europe's trade surplus with his country, imposing tariffs to curb imports of EU steel and aluminium and threatening to do the same for the much larger trade in cars and car parts. China's trade surplus with the European Union is also a source of tension between the two, with the bloc taking a firmer line towards Beijing, for example setting out a 10-point plan to balance economic ties and pushing China to open up As a whole, … [Read more...] about EU trade surplus with U.S. expands, deficit with China grows
The Government may cut up to 90pc of UK trade tariffs if Britain leaves the EU without a deal, according to reports from Sky News. The Department for International Trade (DIT) is reportedly intending to slash between 80pc to 90ps of all tariffs on imported goods, with some being eliminated entirely. Key items that will retain their protection include cars, beef, lamb, dairy and some textiles. But the component parts used to make cars, some finished food products and some farm produce including cereals would be scrapped. The cuts, which have been agreed by the Cabinet according to reports, are intended to stop price increases and protect companies from overseas competition. But many UK manufacturers... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register for free … [Read more...] about Government could axe up to 90pc of trade tariffs in no-deal Brexit
By David Lawder WASHINGTON (Reuters) - The United States on Friday signalled it would not bow to the European Union's request to keep agriculture out of this year's planned U.S.-EU trade talks, publishing negotiating objectives that seek comprehensive EU access for American farm products. The objectives, required by Congress under the "fast-track" trade negotiating authority law, seek to reduce or eliminate EU tariffs on U.S. farm products and break down non-tariff barriers, including on products developed through biotechnology, the U.S. Trade Representative's (USTR) office said. EU trade commissioner Cecilia Malmström told U.S. Trade Representative Robert Lighthizer in Washington on Wednesday that the 28-country bloc could not negotiate on agriculture. "We have made very clear agriculture will not be included," Malmström told reporters after meeting Lighthizer, adding that the two sides had not yet agreed on the scope of the talks. Europe has been seeking more limited … [Read more...] about U.S. to seek comprehensive agriculture access in EU trade talks
INNSBRUCK, Austria (Reuters) - The United States and the European Union must quickly flesh out their aim of cutting trade barriers, German Economy Minister Peter Altmaier said ahead of an EU trade meeting on Friday. U.S. President Donald Trump and European Commission President Jean-Claude Juncker agreed in July to hold back on threatened 25-percent car tariffs while the United States and Europe talked about cutting other trade barriers. But U.S. officials have grown frustrated at the slow pace of progress. Altmaier also pressed for results. "We have a strong interest in the swift implementation of the joint statement by President Juncker and President Trump," he said in a statement. "Reducing - not increasing - duties and trade restrictions must be the goal!" (Writing by Paul Carrel; Editing by Angus MacSwan) … [Read more...] about German minister presses for swift EU trade accord with U.S.