EU warns of ‘big gap’ in trade talks
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BRUSSELS, July 15 (Reuters) - The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model.
German Finance Minister Lars Klingbeil warns the EU to act firmly if tariff negotiations with the US fail. Amid escalating trade tensions, President Trump's proposed tariffs on EU imports intensify. EU favors negotiation but is ready for countermeasures.
Ignacio Sánchez Recarte, secretary general of wine lobby CEEV, said "there is no political, strategic or economic interest" for involving the alcoholic beverage in the transatlantic trade spat.
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inews.co.uk on MSNTrump has set the stage for a colossal trade war - and it could spiral out of controlThe President also threatened reciprocal tariffs on any countermeasures from the EU - the consequences could not be greater
The FTSE 100 rose above the 9,000 mark for the first time on Tuesday morning after Brexit Britain was branded a 'clear winner' in Donald Trump's trade war.
The European Union remains hopeful of reaching a trade agreement with the United States despite President Donald Trump's intensified threat of