Tag: Trade
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Europe and China avoid a trade war and sign preliminary agreement to a trade deal
The European Union has avoided a trade war with China after EU Trade Commissioner Maroš Šefčovič signed an understanding with China’s Commerce Minister Wang Wentao in Beijing yesterday, Friday. The agreement comes after months of tense anticipation that the talks could quickly fail as the EU tries desperately to reduce its trade deficit with China.…
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No deal between Canada and the US as trade wars make a comeback
Yesterday evening, Canadian Prime Minister Mark Carney announced that trade talks between Canada and the United States had broken down and that Canada would respond “dollar for dollar” to a new round of US tariffs. The United States imposed 50% tariffs shortly after midnight on Saturday on approximately US$20 billion, or C$28 billion, worth of…
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EU exports to the US go down by a third as US tariffs take effect
According to the latest Eurostat figures, the EU’s exports to the US have gone down by as US tariffs take affect. The figures follow statistics showing that the European trade surplus has nearly halved in the first quarter of this year. The EU exported €119.4 billion worth of goods to the United States in the…
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EU trade surplus halves as energy imports rise and machinery exports weaken
The European Union’s trade surplus in goods nearly halved in the first quarter of this year, according to the latest figures published by Eurostat. The EU recorded a trade surplus of €12.7 billion in the first quarter of 2026, down from €23.6 billion in the final quarter of 2025. The reduction was mainly driven by…
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EU and Mexico sign new tariffless trade deal
EU leaders were in Mexico yesterday where they signed a new trade deal with the Mexican government with the EU-Mexico Modernised Global Agreement and Interim Agreement on Trade (ITA). The agreements will remove tariffs on most EU products going to Mexico. Most Tariffs on Mexican products will also be phased out but certain exceptions will…
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EU Commission President announces European Ink for companies at Davos: invokes European independence
The EU Commission President Ursula von der Leyen has announced the European Ink legislation for European companies to reduce bureaucracy across European states and enhance cross-border European business. Businesses will be able to register online in 48 hours and will enjoy access to all of Europe’s capital regime. Europe must change permanently too and create…
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Canada’s Prime Minister goes to China: declares new world order
Canadas’ Prime Minister Mark Carney has travelled to Beijing to strike a trade deal with China under a new “partnership” while still negotiating a trade deal with the US. Canada and the US have still not signed on a trade deal with each other. The Canadian Prime Minister previously described China as Canada’s major foreign…
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Nerandra Modi praises India’s relationship with Russia while President Trump accuses India of a one-sided relationship
India’s Prime Minister Nerandra Modi was full of praise about India’s relationship with Russia after meeting with Vladimir Putin on the sidelines of the Shanghai Cooperation Organisation summit in Tianjin, China. Nerandra Modi joined Vladimir Putin for a car-ride that lasted 45 minutes before the leaders led talks between their delegations. Pemier Modi said that…
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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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Why US tariffs hurt European producers and how Malta can be affected
In April of this year, President Donald Trump unleashed a trade war against the world and declared that the Golden Age of America had begun. President Trump imposed tariffs on every country in his new policy aimed at increasing government revenue and compelling foreign companies to produce their products on US soil. Last Sunday, the…
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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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European Central Bank issues Democracy-Weighted Trade Index
The European Central Bank has issued a democracy-weighted trade index that measures the level of trade between EU member states and both dictatorships and liberal democracies. The index is based on import data. Applied collectively to the EU by measuring the trade of each member state, the DWT Index shows that Europe’s trading with dictatorships…