Tag: trade deal
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The Euro shines as EU Commission President goes to India for “Mother of all trade deals”
The Euro is getting lots of love this year having risen by 0.94% in value against the US Dollar since the start of the year, however from one year to date, the Euro has also risen by up to 13% against the US Dollar. The Euro currently stands at $1.185Â and the Dollar Index at…
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Futures up on anticipation of trade deal between the US and China: US helicopter and fighter jet crash in the South China Sea
Futures are up today across most major market indices as traders expect a positive outcome for the meeting between President Donald Trump and China’s President Xi Jinping which will be held in South Korea later this week. President Trump was in Malaysia for the ASEAN Summit where he signed a peace agreement between Thailand and…
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EU and the US issue joint statement on Trade Deal releasing new details
The EU and the US have issued a joint statement on the recently agreed trade deal, releasing new details. The statement says that the EU will be giving priority to US agriculture products including, nuts, fruits, vegetables and also seafood. Exceptions for US tariffs on EU products only include for generic pharmaceuticals, chemicals related for…
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Exclusive: European leaders feels stuck with 15% after Commission President shook hands on it with President Trump
A diplomatic source that is privy to meetings of the European Council has informed The Maltese Herald that European leaders are reluctant to demand a renegotiation of the the trade deal struck by EU Commission President Ursula von der Leyen and President Donald Trump. The diplomatic source told The Maltese Herald that, given the Commission…
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Fed Chair Powell reiterates inflation risks with tariffs: French President Macron disappointed with the EU-US trade agreement
Tariffs and the EU-US trade deal are major talking points in the US and the EU right now after the EU Commissioner Ursula von der Leyen agreed on a 15% tariff on most of EU products to the US in a meeting with President Donald Trump at his golf resort in Scotland. French President Emmanuel…
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President Trump said that Europe was closed to US cars and agriculture imports: facts say otherwise
Yesterday at the White House, President Donald Trump praised the trade deal he struck with the EU telling the press that the new EU–US agreement would open Europe to American imports. He claimed that previously, Europe had been closed to U.S. products, particularly cars and agricultural goods. This does not reflect the reality of the…
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Political agreement is not legally binding – European Commission on EU-US trade deal
In a statement issued by the European Commission on the EU-US trade deal struck last Sunday with President Donald Trump in Scotland, the European Commission stated that the deal is not legally binding. The statement also concluded by stating “Beyond taking the immediate actions committed, the EU and the US will further negotiate, in line with…
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French Prime Minister laments submissive EU over US trade agreement: Italian Prime Minister says the 15% tariff is sustainable
French Prime Minister Francois Bayrou lamented the EU’s submission to the US demands in its trade deal with the EU saying this is not agreement between free peoples. The US has imposed a 15% tariff at the US border on most EU imports. Some exceptions such as semiconductor equipment have been made but no details…
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Manfred Weber describes EU-US trade deal as “damage control”
The President of the European People’s Party Manfred Weber has described an EU-US trade deal struck last night in Scotland as “damage control”. The US has set a 15% tariff rate for most of EU exports to the US. US tariffs on EU products ranged between 1 and 2% before Donald Trump took office. The…
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Ursula von der Leyen hails tariff agreement with the United States: EU products tariffed at 15%
EU Commission President Ursula von der Leyen hailed a trade deal struck with US President Donald Trump in which all EU products to the US, will be tariffed at 15%. Steel and aluminum will still have higher tariffs. She also said that she understood that this rate will be difficult for some EU exporters but…
