• EU-Vietnam trade and investment agreements to be signed

      EU-Vietnam trade and investment agreements to be signed

      The Council of Ministers today approved the EU-Vietnam trade and investment agreements, paving the way for their signature and conclusion at the end of the week. EU Commissioner for Trade Cecilia Malmstrom and Romanian Minister for Business, Trade and Entrepreneurship Stefan-Radu Oprea are now expected to sign the agreement on the EU's behalf in Hanoi on Sunday 30 June.

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    • US further tightens sanctions on Iran

      US further tightens sanctions on Iran

      The United States is today due to further tighten sanctions on Iran, as relations between the two countries continue to deteriorate. Washington has previously sanctioned economically significant sectors of Iran such as oil, banks, aircraft and steel, leaving smaller targets including certain exports not restricted so far as well as government officials unaffected by previous measures.

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    • China adds tariffs on $60bn of US goods

      China adds tariffs on $60bn of US goods

      China announced on Monday it was raising tariffs on $60bn of US goods in retaliation for the latest hike in US tariffs on its exports. The Finance Ministry in Beijing said the new penalty duties of 5% to 25% on hundreds of US products including batteries, spinach and coffee will take effect on 1 June.

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    • US-China trade negotiation ends without deal

      US-China trade negotiation ends without deal

      China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said, as US President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Liu voiced a measured optimism on reaching a deal, but said there were “issues of principle” on which China would not back down. The United States escalated a tariff war with China on Friday by hiking levies on $200 billion worth of Chinese goods in the midst of last-ditch talks to rescue a trade deal. Trump issued orders for the tariff increase, saying China “broke the deal” by reneging on earlier commitments made during months of negotiations.

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    • Crucial week for the US-China trade war

      Crucial week for the US-China trade war

      Chinese Vice Premier Liu He will travel to Washington for two days of trade talks this week, China said on Tuesday, setting up a last-ditch bid for a deal that would avoid a sharp increase in tariffs on Chinese goods ordered by US President Donald Trump. US officials have accused China of reneging in the past week on substantial commitments made during months of negotiations aimed at ending their trade war, prompting Trump to issue a new deadline to raise tariffs on $200 billion worth of Chinese goods to 25% from 10%.

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    • US-China fresh tensions threaten the world economy

      US-China fresh tensions threaten the world economy

      The IMF chief Christine Lagarde said on Tuesday that fresh trade tensions between the United States and China were the main threat to the world economy. Lagarde told journalists at a conference in Paris, entitled "Sustainable Debt for Sustainable Growth", that recent "rumours and tweets" made an agreement between the US and China less likely, news wires reported. President Donald Trump jolted global markets on Monday by threatening on Twitter that tariffs already imposed on $200bn in Chinese exports to US would more than double to 25% on Friday from their current level of 10%.

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