The European Union has slapped countervailing tariffs on imports of subsidized biodiesel from Indonesia. The southeast Asian country has threatened to retaliate but experts say counter tariffs could be self-destructive.
A global growth slowdown accompanied by tariff disputes and uncertainty over Brexit has impacted growth across western Europe, but Germany's traditionally export-reliant economy - the continent's largest - has been particularly vulnerable.
EU antitrust Commissioner Margrethe Vestager said she is taking a "very close look at Amazon's business practices and its dual role as marketplace and retailer, to assess its compliance with EU competition rules.''
Turkey doesn't recognize Cyprus as a state and claims 44% of Cyprus' exclusive economic zone as its own, according to Cyprus government officials. Turkish Cypriots in the east Mediterranean island nation's breakaway north claim another 25%.
US President Donald Trump in May said some imported vehicles and parts posed a national security threat but postponed a decision on imposing tariffs on European and Japanese auto imports for as long as six months to allow time for trade talks with both partners.
The European Parliament will elect its president on July 3, even if European Union leaders fail to appoint the chair of the EU executive at a summit on Tuesday, a spokesman for the assembly told a news conference.
The European Union has pressed India to extend by six months its bilateral investment pacts with several EU-member countries which are expiring soon, saying absence of the treaties could adversely impact trade ties and FTA talks. Chair of the EU delegation for relations with India Geoffrey Van Orden said EU wants New Delhi to renew […]
David Cameron hailed a landmark deal on Friday he said gave Britain “special status” in the European Union and pledged to campaign heart and soul to stay in the EU at a deeply uncertain referendum expected in June. At a summit that ran into overtime, EU leaders agreed unanimously on a package of measures aimed […]