Mexican Media Brands
EU Still Stalled Over Scope of U.S. Trade Talks
Tomorrow the European Union will again debate its willingness to negotiate on trade with the U.S., Bloomberg News reports.
#labor #economics
Share
Tomorrow the European Union will again debate its willingness to negotiate on trade with the U.S., Bloomberg News reports.
Envoys will meet on Wednesday in Brussels in hopes of reaching agreement that would allow the European Commission to open the trade talks. France has so far resisted the U.S. insistence that agricultural products be a part of the negotiations.
EC representatives have signaled that restricting the discussions to cars and other industrial goods could quickly produce results.
But Bloomberg says a bigger hurdle could be the bloc’s intent to sign trade pacts only with countries that support the Paris climate accord. President Donald Trump pulled the U.S. out of that agreement shortly after taking office.
Bloomberg says the EU also wants to clarify how new trade talks would relate to the ambitious Transatlantic Trade and Investment Partnership. The origins of the broad-based TTIP date to the 1990s. Talks began in earnest in 2013 but were suspended by President Trump in 2016.
RELATED CONTENT
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.
-
Targets of U.S. Aluminum and Steel Tariffs Declare Counter-Measures
As expected, the European Union, Canada and Mexico have announced a broad array of counter-tariffs in response to U.S. import taxes of 10% on foreign aluminum and 25% on foreign steel that went into effect at midnight.
-
Skilled-Trade Workers Reject GM Contract, Ratification in Limbo
The United Auto Workers union says its production workers ratified a new four-year labor contract with General Motors Co. by a 58% margin.