Trump Talks Deal, China Says ‘What Deal?’
Donald Trump said Chinese President Xi Jinping called him personally to negotiate.
Donald Trump said Chinese President Xi Jinping called him personally to negotiate.
Even sources from the Commission acknowledged that the EU’s Digital Markets Act is a double-edged sword, as it could be used for political purposes.
Global public debt could surpass 100% of GDP by the end of the decade, levels not seen since World War II.
“China and the UK have a responsibility to… safeguard the multilateral trading order,” Chinese FM Wang Yi said in a call to his British counterpart.
Both Brussels and member states prefer talks over retaliation, at least for now.
As tensions rise between Brussels and Washington, the EU has its own ways of “protecting European production against international trade distortions.”
A study conducted in six countries showed Westerners support retaliatory tariffs against the U.S. even though they are aware it will hurt their pocketbooks.
Trump targeting allies doesn’t excuse the EU’s imposing new tariffs that taxpayers will have to bear, rather than addressing European protectionism.
Macron and Scholz would prefer immediate retaliation, while others would rather de-escalate.
Despite being lauded in Europe as essential to the green transition, new EU carbon tariffs have evoked considerable anger in the Global South and stirred fears that the tariffs will destroy national steel industries and direct more countries into the arms of China.