Chinese premier pledges to further open economy – US trade partners lobby for tariff exemptions - EU levies threaten Harley Davidson's business plan
"Berlin is the city of freedom," a business agency in the German capital has contacted Harley-Davidson's CEO. The iconic US company is looking to move some production abroad to avoid the fallout of an EU-US trade spat.
The Chinese premier is meeting with leaders from Central and Eastern European countries at a summit in Sofia as he aims to boost Beijing's trade interests in the region. But Li cannot afford to offend the European Union.
The iconic American motorbike manufacturer will shift some of its production out of the US. It expects rising costs from higher European tariffs imposed on Friday in retaliation against Donald Trump's metals tariffs.
Trump's decision to reimpose a range of economic sanctions on Tehran puts German and EU firms in a tough spot. It seems that their plans for doing business in Iran have to be shelved.
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