President Trump has repeatedly threatened to hike car imports to 25%. To avoid that, German economy minister Peter Altmaier says the EU could be willing to drop levies on American cars completely.
The European Union has slapped countervailing tariffs on imports of subsidized biodiesel from Indonesia. The southeast Asian country has threatened to retaliate but experts say counter tariffs could be self-destructive.
The imminent US tariffs on Chinese goods are expected to throw up some unexpected winners in Europe, a study shows. The gains for the European countries are only likely to increase if China chooses to retaliate.
The European Union has expressed its satisfaction with the 25% tariffs on steel products initially introduced last year. That increase came in response to the United States' decision to impose levies of their own.
President Donald Trump has announced a trade "breakthrough" with the EU on beef exports. But the head of the German Farmers' Association has criticized the deal, warning it will disadvantage European farmers.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version