News / World by Press Association 22/06/2018, 3:36 am FacebookTwitterWhatsAppEmail Send us a story Sign up to our Daily newsletter The European Union is set to slap tariffs on 3.4 billion dollars (£2.5 billion) in American products, from whiskey and motorcycles to peanuts and cranberries. India and Turkey have already targeted US products, ranging from rice to autos to sunscreen, and in two weeks, the United States is to start taxing 34 billion dollars (£25 billion) in Chinese goods. Beijing has vowed to immediately retaliate with its own tariffs on US soybeans and other farm products in a direct shot at President Donald Trump’s supporters in America’s heartland. Cecilia Malmstrom, the EU’s trade commissioner, acknowledged that the EU had targeted some iconic American imports for tariffs, such as Harley-Davidson motorcycles and bourbon, to “make noise” and put pressure on US leaders. John Murphy, a senior vice president … [Read more...] about European Union hits back with tariffs on US goods
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What is Brexit, when will Britain leave the European Union and what happens after March 29 2019?
BRITAIN and the European Union are now counting down to B-Day as both sides try to strike a deal before the United Kingdom leaves the on March 29, 2019. Discussions will now move to the future relationship between the UK and EU after months of negotiations. Here's how it works and when Britain will leave the EU. What is Brexit? Brexit is the merging of the words "Britain" and "exit" following the vote to leave the EU. The term has been widely used ever since the idea of a referendum was put forward. More than 30million people voted in the June 2016 referendum with a turnout of 71.8 per cent. Leave won by 52 per cent to 48 per cent. People now talk about “soft” and “hard” Brexit in reference to how close the UK will be to the EU post separation. The road to triggering Article 50 - which saw Britain officially start the process of leaving the EU - had been paved with complications for the PM, including a Supreme Court case ruling MPs needed to vote on Brexit … [Read more...] about What is Brexit, when will Britain leave the European Union and what happens after March 29 2019?
The will of the people who voted for us to leave the European Union must not be betrayed
THREE years ago, when MPs voted 544 to 53 to hold a referendum on Britain’s membership of the EU, they were voting to trust the people to decide our future. Two years ago, when MPs voted 461 to 89 to set in process our departure from the EU, they were voting to respect the people’s decision. And last year, when MPs voted 498 to 114 for the European Union (Notification Of Withdrawal) Act, they were voting to put into law that we would leave the EU. You might think, two years on from the referendum and after each of these votes, that the matter is settled. But I am afraid it is not. A powerful campaign is working hard to stop Brexit. Funded by a foreign billionaire, backed by unelected members of the House of Lords, supported by many MPs and colluding with the negotiators from the European Commission, the “Best for Britain” campaign is brazen about its plan to overturn the biggest electoral mandate ever given by the British people. Lord Malloch-Brown, the former … [Read more...] about The will of the people who voted for us to leave the European Union must not be betrayed
The European Union is slapping tariffs on over $7 billion of US goods — here are the states that stand to lose the most
German Chancellor Angela Merkel and President Donald Trump. Yves Herman/Reuters President Donald Trump is hitting the European Union with steel and aluminum tariffs. The EU retaliated with a list of tariffs on over $7 billion worth of US goods. Using US export data, the states that would lose the most are New York, Michigan, California, Tennessee, and Pennsylvania. key allies at the G7 summit in Canada, those same allies are moving forward with tough retaliatory trade penalties against US goods. Among the allies striking back at Trump's steel and aluminum tariffs is the European Union. The EU announced tariffs on just over $7 billion worth of US goods on Wednesday on goods ranging from industrial steel to rice to flip-flops. The list of goods subject to the new EU tariffs was carefully selected to send a political message to Trump and congressional leaders while also minimizing the damage on EU consumers. The tariffs will also not hit every state in the US equally. … [Read more...] about The European Union is slapping tariffs on over $7 billion of US goods — here are the states that stand to lose the most
Trump Exaggerates Trade Deficit With European Union by $50 Billion
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Advertisement Supported by Fact Check of the Day The president claimed that the European Union had a $151 billion trade surplus with the United States. It’s $101 billion. ByLinda Qiu June 7, 2018 WHAT WAS SAID Please tell Prime Minister Trudeau and President Macron that they are charging the U.S. massive tariffs and create non-monetary barriers. The EU trade surplus with the U.S. is $151 Billion, and Canada keeps our farmers and others out. Look forward to seeing them tomorrow.— Donald J. Trump (@realDonaldTrump) June 7, 2018 THE FACTS This is exaggerated. Mr. Trump’s numbers are off. The European Union had a $153 billion trade surplus in goods with the United States in 2017 and a total trade surplus of $101 billion when trade in services is included. This means that the European Union exported more goods to the … [Read more...] about Trump Exaggerates Trade Deficit With European Union by $50 Billion