Brexit will change many aspects of Germany's export trade. It will not only be more complicated, but could be billions of euros more expensive.
Despite a raft of negative headlines on the trade front, the EU has been busy doing free trade deals with Canada, Japan and Mexico. A deal with South American bloc Mercosur may be next, with optimism on both sides.
The EU has slammed US President Donald Trump's plans to raise tariffs of up to 25 percent on imported cars. 'A solution in search of a problem' is how EU trade commissioner Cecilia Malmstrom put it.
The Italian government has reiterated its opposition to the CETA free trade deal between the European Union and Canada. The deputy prime minister said parliament would not ratify the agreement formally signed in 2016.
The trade conflicts between the US and several of its biggest partners are escalating. Among those wary of the consequences are American companies and thousands are scrambling to be made exempt from certain tariffs.
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