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Tag Archives: Europe

EU TARIFFS TAKE EFFECT FRIDAY

The EU will begin charging import duties of 25 percent on a range of U.S. products Friday in response to U.S. tariffs imposed on EU steel and aluminum earlier this month. The move could signal the beginning of a tit-for-tat escalation in trade tensions between the U.S. and the EU, especially if President Donald Trump… read more

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FOOD RULES PROVE HARD TO SWALLOW AT TRADE TALKS

Negotiators meeting this week to forge a sweeping trade agreement between the U.S. and the European Union are nearing a deal to eliminate tariffs on at least 97% of goods traded across the Atlantic, officials close to the talks say, building momentum for what would be the most ambitious trade pact in more than 20… read more

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IMF REVISES FORECASTS

Stagnation in Europe and a weaker-than-forecast recovery in Japan has led the International Monetary Fund to again cut its global growth outlook. The IMF sees a 30% chance the euro area will re-enter recession.

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UKRAINE RISK

Mohamed El-Erian, the chief economic adviser at Allianz SE, warns that global markets do not fully appreciate the risk posed by the Ukrainian crisis, a conflict which could push Europe into recession.

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