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Cecilia Malmstrom

fry or chip

Belgium, Colombia at war over tariff on chips

Belgium, the self-proclaimed inventor of the French fry or chip, urged Europe on Friday to help it fight a tariff slapped on its iconic export by Colombia.
President of EU Commission Jean-Claude Juncker gestures ahead of a College Commissioners meeting at EU headquarters in Brussels on July 18, 2018. - AFP PHOTO - JOHN THYS

EU threatens US with $20 billion tit-for-tat tariffs

The EU is mulling tit-for-tat tariffs of around $20 billion on US products if Washington goes ahead with its threat of new tolls on European cars, the bloc’s trade commissioner said Wednesday.
(FILES) This file photo taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. The Chinese currency continued its sharp decline on July 20, 2018 despite US President Donald Trump's bid to rein in the dollar, as analysts pointed out that a weaker yuan aids Beijing in its trade tussle with Washington. / AFP PHOTO / FRED DUFOUR

Asia markets rally as China’s yuan defies Donald Trump dollar warning

Asian markets advanced Friday, with Shanghai gaining two percent as China's weak yuan currency defied US President Donald Trump's criticism of a strong dollar and Fed rate hikes.
Cecilia Malmström

EU to hit back if US imposes tariffs on car imports

The European Union says it is already preparing measures to retaliate against the U.S. if President Donald Trump imposes tariffs on imported cars and auto parts.

EU president to visit Donald Trump for trade talks

European Commission President Jean-Claude Juncker will visit U.S. President Donald Trump in Washington on July 25 to discuss strained trade ties.

Donald Trump prepares China trade sanctions, Beijing vows retaliation

President Donald Trump is poised to unveil sanctions against China on Thursday for the "theft" of US intellectual property, fueling fears of a trade war as Beijing vowed to retaliate.

EU vows to respond to US import tariffs

The European Union will go to the World Trade Organisation to impose its own measures if the bloc is not excluded from the U.S. steel and aluminum tariffs, EU’s trade chief said on Friday.

China: US tariffs ‘wanton attack’ on international trade

The new tariffs imposed by the U.S. on aluminium and steel imports, due to an alleged threat to national security, are a “wanton attack” on the multilateral trade system, a Chinese commerce official said Friday.

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Vice President Yemi Osinbajo

Elections: VP Osinbajo canvasses votes for APC in Ilorin

Vice President Yemi Osinbajo on Thursday urged Nigerians not to be discouraged by the earlier postponement of the Presidential and National Assembly elections.

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