EU Trade Commissioner Cecilia Malmström says the European Union is ready to engage with the US to solve the trade row between the two Western allies. Malmström is currently visiting New Zealand to begin talks on a free-trade agreement.
The EU hopes the new framework will keep firms doing business with Iran. European businesses have already pulled out and the currency has plummeted as the threat of US sanctions looms.
Amid intensifying trade friction between Washington and Beijing, a new round of US tariffs took effect on Monday, raising the stakes for both sides. China seems to have several tools up its sleeve to counter US tariffs.
The UK and the EU cannot find common ground on Ireland and future trade. The EU has accused Britain of trying to cherry-pick parts of the union it wants to keep.
No group of US farmers has more to lose from a trade war with China than soybean growers. But as Beijing adjusts to new trade realities, Chinese farmers also have a lot on their plates.
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