BERLIN (Reuters) – The mood among German investors slumped in July to its lowest level since August 2012, a survey showed on Tuesday, weighed down by concerns about escalating trade tensions with the United States. The ZEW research institute said its monthly survey showed economic sentiment among investors fell to -24.7 from -16.1 in June. This compared with the Reuters consensus forecast for a reading of -18.0. A separate gauge measuring investors’ assessment of the economy’s current conditions fell to 72.4 from 80.6 last month. The Reuters consensus forecast was for a reading of 78.2. “The current survey period has been marked by great political uncertainty,” ZEW president Achim Wambach said in a statement. “In particular, fears over an escalation of the international trade war with the United States have dampened the economic outlook,” he added. (Writing by Paul Carrel; Editing by Maria Sheahan) … [Read more...] about German investor morale hits six-year low on trade angst
Trade
European exporters in China shift trade to avoid US tariffs
Updated 11:12 pm PDT, Monday, July 9, 2018 Photo: Matthias Schrader, AP Image 1of/1 CaptionClose Image 1 of 1 FILE - In this Wednesday, March 21, 2018 file photo the logo of German car manufacturer BMW is pictured in Munich, Germany. Automaker BMW said Monday July 9, 2018, it will have to raise prices on the U.S.-built SUVs it sells in China due to 40 percent import tax on cars from the United States, in retaliation for higher tariffs on Chinese goods imposed by President Donald Trump.( less FILE - In this Wednesday, March 21, 2018 file photo the logo of German car manufacturer BMW is pictured in Munich, Germany. Automaker BMW said Monday July 9, 2018, it will have to raise prices on the U.S.-built ... more Photo: Matthias Schrader, AP European exporters in China shift trade to avoid US tariffs 1 / 1 Back to Gallery … [Read more...] about European exporters in China shift trade to avoid US tariffs
Francisco Liriano’s trade value plummets in Detroit Tigers 10-9 loss
Anthony Fenech Detroit Free Press Published 3:26 p.m. UTC Jul 10, 2018 It wasn’t the start the Detroit Tigers had hoped for. But somehow, on a night that began on a weird note — Ronny Rodriguez led off with a walk — they turned an early blowout into a typical, weird, Tropicana Field game. Francisco Liriano allowed five runs in the first inning but the Tigers chipped away and evened the score in the seventh. Louis Coleman gave the lead right back, allowing two runs on three hits, but the Tigers answered in the eighth to tie the game. Windsor: Tigers bet on Michael Fulmer can pay off in ace or prospects It wasn’t enough, though, as they fell, 10-9, on a walk-off single by Daniel Robertson in the 10th inning. • Box score Francisco Liriano’s trade value isn’t improving Pitching in front of scouts from the Milwaukee Brewers and Arizona Diamondbacks, the veteran left-hander turned in a dud. Liriano’s line score looked worse … [Read more...] about Francisco Liriano’s trade value plummets in Detroit Tigers 10-9 loss
Trump Presses Germany Spending and EU Trade Deficit Ahead of NATO
President Donald Trump pressed Germany to increase spending on NATO and jabbed the European Union trade barriers on the United States on Monday ahead of this week’s NATO summit in Brussels. “The United States is spending far more on NATO than any other Country,” the U.S. president tweeted, calling the state “not fair, nor is it acceptable”:“While these countries have been increasing their contributions since I took office, they must do much more. Germany is at 1%, the U.S. is at 4%, and NATO benefits…….,” said Trump. He continued, “…Europe far more than it does the U.S. By some accounts, the U.S. is paying for 90% of NATO, with many countries nowhere close to their 2% commitment”: Trump pivoted, taking aim at European Union trade barriers to the United States: “On top of this the European Union has a Trade Surplus of $151 Million with the U.S., with big Trade Barriers on U.S. goods. NO!” In May, the … [Read more...] about Trump Presses Germany Spending and EU Trade Deficit Ahead of NATO
UK Brexit cabinet members resign over trade disagreements
Within 24 hours, three cabinet members tasked with coordinating the UK’s leave from the European Union known as Brexit [JURIST report] have resigned. The first, Secretary of State David Davis, who submitted his resignation [text, PDF] late Sunday, was shortly followed by a junior secretary at the Department for Exiting the EU, Steve Baker. Foreign Secretary Boris Johnson announced his resignation [text, via Twitter] Monday morning. The Brexit “dream is dying, suffocated by needless self-doubt,” Johnson wrote in his resignation letter. “Brexit should be about opportunity and hope. It should be a chance to do things differently, to be more nimble and dynamic.” The UK is due to leave the European Union on March 29, 2019, but those involved have had difficulty agreeing on trade policy between the UK and the EU. Referencing a meeting last Friday, Davis said in his letter: In my view the inevitable consequence of the proposed policies will be to make … [Read more...] about UK Brexit cabinet members resign over trade disagreements