EU's exemption from US tariffs set to expire - Criticism grows of China's new silk road - ECB leaves key interest rate at 0%
European firms could miss out on China's $900 billion infrastructure initiative, warns a leaked report by EU diplomats. It said the New Silk Road trade corridor has the potential to disadvantage and even divide the bloc.
As the EU launches a complaint at the world's trade watchdog over US tariffs, the bloc is also taking China to task. The EU warned that "if the main players don't stick to the rulebook, the whole system might collapse."
With its New Silk Road mega-project, China is building on old traditions. But hard-core geostrategic interests, not nostalgia, are guiding Beijing's investments. Miodrag Soric reports from Tbilisi, Georgia.
EU leaders are huddling to address a response to the US exit from the Iran nuclear deal and the threat of US tariffs on steel and aluminum. EU President Donald Tusk started the summit by lashing out at Donald Trump.
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