Mexican Media Brands
U.S. Presses EU to Speed Up Trade Talks
The Trump administration is pushing the European Union for “very rapid results” on trade talks that began last week, Reuters reports.
#economics #labor
Share
The Trump administration is pushing the European Union for “very rapid results” on trade talks that began last week, Reuters reports.
The U.S. hasn’t described the timetable it has in mind. But officials have been signaling that they hope to see progress within the next few months. Germany’s BDI industry group tells Reuters it hopes for an agreement that goes beyond tariffs to consider more general issues that impact business relationships between the two countries.
The talks were prompted by President Donald Trump’s aluminum and steel tariffs and threats of additional levies, including a 20% tax on cars imported from Europe.
Trump agreed to suspend action on the latter tariffs after he met with European Commission President Jean-Claude Juncker at the end of July. The two agreed after a three-hour discussion at the White House to launch trade talks.
RELATED CONTENT
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.