19

Dec

Uncertainty and trade tensions slow down the global economy

In its spring forecast, the European Commission said it now expects GDP to grow this year by 1.4% in the European Union and 1.2% in the Euro Area. That is compared to 1,5% (EU) and 1.2% (EA) forecast in winter and 1.9% (EU + EA) in the autumn forecast.       Whilst domestic factors are set to support the European econom

19

Dec

US threatens €3.5bn extra tariffs on EU produce over

Produce from the EU being exported to the US could be facing additional tariffs costing billions of euros, according to a US government statement released on Monday. The US Trade Representative (USTR) threatened the extra duties on EU produce, saying it was in response to a long-running dispute on subsidies placed on large passenger aircraft.

19

Dec

US and China cool trade war with 'Phase one' deal

The United States and China cooled their trade war on Friday, announcing a "Phase one" agreement that reduces some US tariffs in exchange for what US officials said would be a big jump in Chinese purchases of American farm products and other goods.   Beijing has agreed to import at least $200 billion in additional US goods and