Trade negotiations between Brussels and Washington are not progressing. Unlike the agreement between the UK and the US, the European Union does not see positive steps being taken to avoid a trade war between both sides of the Atlantic. Therefore, the European Commission is hardening its position with two relevant measures: it will denounce Donald Trump before the World Trade Organization (WTO) and has already launched a public consultation to apply tariffs worth up to 95,000 million on US products.
EU to denounce Trump, negotiations not progressing EU is hardening positions
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Trade negotiations between Brussels and Washington are not progressing. Unlike the agreement between the UK and the US, the European Union does not see positive steps being taken to avoid a trade war between both sides of the Atlantic. Therefore, the European Commission is hardening its position with two relevant measures: it will denounce Donald Trump before the World Trade Organization (WTO) and has already launched a public consultation to apply tariffs worth up to 95,000 million on US products.
Truth7t7
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The member Nation's of the EU will watch the wealth and growth of the US/UK agreement and soon Brussel's will see their EU falling apart, it will send a strong signal out to member nations to abandon Brussel's just as the UK did
$95,000 million is a drop in the bucket for the US, no concern whatsoever
You see China presently caving to begin negotiating this weekend, and you think the EU and their $95,000 million is going to deter the Trumpster in the (Art Of The Deal) Smiles!
Getting a trade deal with China and other Asian countries is of course much more desirable.
China exports surge to other Asian countries, they are adapting
Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by customs authority on Friday, sharply beating Reuters' poll estimates of a 1.9% rise.
Imports slumped by just 0.2% in April from a year earlier, compared with economists' expectations of a 5.9% drop.
China's shipments to the U.S. plunged over 21% in April year on year, while imports dropped nearly 14%, according to CNBC's calculation of official customs data. Chinese U.S.-bound shipments had risen 9.1% in March, as exporters rushed to frontload orders ahead of tariff hikes.
In the first four months this year, China's exports to the U.S. dropped 2.5% while imports fell 4.7% from a year earlier, according to official data.
The surge in overall exports could be partly due to transshipment through third countries and contracts that were signed before the tariffs were announced, Zhiwei Zhang, president and chief economist at Pinpoint asset management said in a note. Zhang expects trade data to weaken gradually in the next few months.
China's exports to the Association of Southeast Asian Nations surged 20.8% in April from a year earlier, accelerating from a 11.6% growth in March. While Vietnam and Malaysia remained the main destinations for Chinese exports to the region, Indonesia and Thailand saw shipments from China grow 37% and 28% year on year, respectively.
Meanwhile, China's exports to the European Union rose 8.3%, while imports fell 16.5% year on year. Exports had risen by 10.3%, while imports had dropped 7.5% in March.
U.S. President Donald Trump has placed tariffs of 145% on imports from China, prompting it to retaliate with tariffs of 125% on American imports. So far, both sides have sought to blunt the economic impact of triple-digit levies by granting exemptions on certain critical products.
The number of container vessels from China to the U.S. had dropped dramatically toward the end of April, Raymond Yeung, chief economist for Greater China at ANZ Bank said in a note Thursday.
- Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by China's customs authority on Friday, sharply beating Reuters' poll estimates of a 1.9% rise.
- China's outbound shipments to the U.S. plunged over 21% in April year on year, while imports dropped nearly 14%, official data showed.
Exports jumped 8.1% last month in U.S. dollar terms from a year earlier, according to data released by customs authority on Friday, sharply beating Reuters' poll estimates of a 1.9% rise.
Imports slumped by just 0.2% in April from a year earlier, compared with economists' expectations of a 5.9% drop.
China's shipments to the U.S. plunged over 21% in April year on year, while imports dropped nearly 14%, according to CNBC's calculation of official customs data. Chinese U.S.-bound shipments had risen 9.1% in March, as exporters rushed to frontload orders ahead of tariff hikes.
In the first four months this year, China's exports to the U.S. dropped 2.5% while imports fell 4.7% from a year earlier, according to official data.
The surge in overall exports could be partly due to transshipment through third countries and contracts that were signed before the tariffs were announced, Zhiwei Zhang, president and chief economist at Pinpoint asset management said in a note. Zhang expects trade data to weaken gradually in the next few months.
China's exports to the Association of Southeast Asian Nations surged 20.8% in April from a year earlier, accelerating from a 11.6% growth in March. While Vietnam and Malaysia remained the main destinations for Chinese exports to the region, Indonesia and Thailand saw shipments from China grow 37% and 28% year on year, respectively.
Meanwhile, China's exports to the European Union rose 8.3%, while imports fell 16.5% year on year. Exports had risen by 10.3%, while imports had dropped 7.5% in March.
U.S. President Donald Trump has placed tariffs of 145% on imports from China, prompting it to retaliate with tariffs of 125% on American imports. So far, both sides have sought to blunt the economic impact of triple-digit levies by granting exemptions on certain critical products.
The number of container vessels from China to the U.S. had dropped dramatically toward the end of April, Raymond Yeung, chief economist for Greater China at ANZ Bank said in a note Thursday.
Truth7t7
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Trade deals with China and after American manufacturing returns and foreign investment in manufacturing is established in the US 2-3 years, then start the complete cut off of Communist China, turn the heat up to remove the communist CCP regime
If a person would invest 1hr into what China is doing in the oceans in proximity to the Phillipines, Vietnam, Malaysia, Japan, in building complete military bases with missile silos, plane runways, naval harbors on shallow shoal reefs, they might better understand China's intentions and their take over the world mode evil
President Trump is currently in the right place at the right time, he's got China by the throat and he ain't letting go, Amen president Trump!
I watched a conservative California congress woman of Chinese decent and she was on all the committees in congress dealing with China, they're funding college education for specific outcomes, and funding campaigns of their sell out America politicians, spy's in defence companies on and on, its bigger than Americans could imagine
In So. Cal there are many cities that were historical foundations for manufacturing and production of everything, now they're Chinese warehouses in storing goods, the trains are loaded headed across America from So. Cal ports loaded full moving at 35mph and they return empty moving at 55mph
Stop Communist China, Free World Enemy #1
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Trump will win out in the end ! anyone who tryes to play silly buggers with Trump will only hurt their own economys in fact ! that means the people who they are suposed to represent are only being shafted by them fools in fact !
Trump only wants a fair deal ! that's all he is asking for in fact ! so he does not look stupid to the people who Voterd for him to do as they wanted him to do !
But the Socialist kicked up a stink ! why is that ? They are outright cunning criminals in fact ! who only love to undermine people and Nations, that's clear to see in fact !
Trump only wants a fair deal ! that's all he is asking for in fact ! so he does not look stupid to the people who Voterd for him to do as they wanted him to do !
But the Socialist kicked up a stink ! why is that ? They are outright cunning criminals in fact ! who only love to undermine people and Nations, that's clear to see in fact !
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