Germany is Turkey’s largest trading partner. So many in Turkey find Berlin’s opposition to EU membership for Ankara hard to stomach. But as the Turkish economy continues to prosper, many are asking who needs the EU.
In light of the ongoing trade dispute with the US, China is making more concessions to the EU. But what actually becomes of a perceived deeper partnership on paper remains to be seen, says DW's Frank Sieren.
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.
In the wake of US tariffs on steel and aluminum, the EU has made several counter moves and has now raised tariffs of its own on steel imports which exceed quotas based on current levels.
Since helping shape the General Agreement on Trade and Tariffs (GATT) in 1948, the World Trade Organization's forerunner, the US has been at the forefront of trade liberalization. That era appears to be ending.
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