German sectoral associations warned the US on customs duties

July 23, 2018 8:54 amComments Off on German sectoral associations warned the US on customs duties
German sectoral associations warned the US on customs duties

German industry associations have warned that the duties Washington has imposed or threatens to impose will harm America itself. The statement was made before the meeting of the European Commission President Jean-Claude Juncker with the US President Donald Trump. Referring to national security concerns, Washington introduced on June 1st customs duties on steel and aluminum imported from the EU, Canada and Mexico. Trump now threatens to impose duties on cars […]

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Japanese exports to the US have shrunk in June

July 20, 2018 12:20 pmComments Off on Japanese exports to the US have shrunk in June
Japanese exports to the US have shrunk in June

The Japanese exports to the US have shrunk for the first time in 17 months, and the mood of Japan’s business is deteriorating due to fears about US President Donald Trump’s protectionist trade policies. The exports to the United States decreased by 0.9% yoy in June due to weaker supply of cars and semiconductor manufacturing equipment, which are two of the Japan’s most important export products. The business mood worsened […]

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The EC introduces temporary responsive measures on imports of steel products

11:44 amComments Off on The EC introduces temporary responsive measures on imports of steel products
The EC introduces temporary responsive measures on imports of steel products

The European Commission is introducing temporary responsive measures in the form of higher duties on imports of a number of steel products from third countries in an attempt to counter the consequences of Washington’s tariffs. The new measures came into force on Thursday (July 19) and does not include traditional imports of steel products.They will affect 23 product categories and will take the form of a tariff quota, with 25% […]

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The EU and Japan signed its largest trade agreement

July 17, 2018 7:35 pmComments Off on The EU and Japan signed its largest trade agreement
The EU and Japan signed its largest trade agreement

The EU signed its largest trade agreement with Japan, which affects a market that covers 600 million consumers and generates 30% of global gross domestic product and 40% of global commodity trade. But this is not the only reason why economists and politicians speak of a “special moment” and even call the contract “historic”. It’s not just the numbers, but rather the signal. Because the European-Japanese 560-page document sends a […]

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France closes its sales agency in Russia

12:37 pmComments Off on France closes its sales agency in Russia
France closes its sales agency in Russia

France closes its sales agency Business France, which is located in Russia, after long talks with local authorities following the expulsion of its director from Moscow. Russia’s relations with the European Union (EU) countries are strained after the Crimea’s annexation in 2014, as well as Syria and Eastern Ukraine conflicts, and the poisoning of a Russian agent in the UK. “The business conditions for Business France have deteriorated considerably over […]

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