Tariffs

    • EU-Singapore trade agreement to enter into force on 21 November

      EU-Singapore trade agreement to enter into force on 21 November

      The EU-Singapore trade agreement will enter into force on 21 November after being endorsed last week by the Member States, the EU press service reported. Under the deal, Singapore will remove all remaining tariffs on EU products. The agreement also gives new opportunities for EU services' providers, among others in sectors such as telecommunications, environmental services, engineering, computing and maritime transport.

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    • WTO formally backs US tariffs on EU goods

      WTO formally backs US tariffs on EU goods

      The World Trade Organisation (WTO) formally ruled on Monday that the United States is free to take countermeasures against the European Union and Airbus-producing countries Britain, France, Germany, and Spain. This way the President Donald Trump administration no longer faces any legal obstacles for its set of previously scheduled sanctions on billions of dollars of European products that could now take effect on Friday.

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    • Airbus CEO warns of aviation trade war danger

      Airbus CEO warns of aviation trade war danger

      An escalating battle over aircraft subsidies between the US and the European Union threatens to damage both sides, said Airbus SE Chief Executive Officer Guillaume Faury. He will thus continue to advocate for a settlement between the two sides before the imposition of tariffs becomes a "lose-lose game" for both of them.

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    • Trump announces 'first stage' of Japan trade deal

      Trump announces 'first stage' of Japan trade deal

      US President Donald Trump announced on Wednesday that Washington and Tokyo had taken a major step towards sealing a comprehensive new trade deal, after a year of negotiations between the global economic powers. Sitting next to Japanese Prime Minister Shinzo Abe, Trump said the leaders "formally announce the first stage of a phenomenal new trade agreement. The pact is a rare trade success for the president who has struggled to secure pacts with other trade partners, including China.

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    • US to hit China with new set of tariffs

      US to hit China with new set of tariffs

      In a sharp escalation of the Trans-Pacific trade war the US is on a way to impose fresh tariffs on a range of Chinese goods, news wires reported. Starting from 1 September, a renge of Chinese products will be hit with 15% duties worth billions of dollars. By the end of the year, Washington aims to impose tariffs on almost all Chinese imports into the US. Beijing reacted by saying it has "ample" means to retaliate, while also calling for both sides to continue trade negotiations.

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    • West urges Kosovo, Serbia to restart talks

      West urges Kosovo, Serbia to restart talks

      Western powers this week urged foes Serbia and Kosovo to stop creating obstacles and reboot their stalled dialogue “with urgency”. In a statement, the five so-called ‘Quint’ countries - US, Britain, France, Germany and Italy - warned that otherwise "Kosovo’s and Serbia’s path towards the European Union (EU)" would be prevented.

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    • Signs of hope in US-China trade war

      Signs of hope in US-China trade war

      US retailers and global financial markets got an early Christmas present Tuesday as President Donald Trump's administration announced it is delaying tariffs on key consumer electronic goods imported from China. News that top US and Chinese trade officials spoke by telephone early Tuesday offered further signs of a possible letup in the trade war that had been escalating in recent weeks.

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    • US, China resume trade talks

      US, China resume trade talks

      Top US and Chinese trade officials relaunched trade talks as Washington and Beijing work to iron out a trade deal after a two-month hiatus. According to American media, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke on the phone to Chinese Vice Premier Liu He and Commerce Minister Zhong Shan “to continue negotiations aimed at resolving the outstanding trade disputes” between the world’s two largest economies.

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