EU and China Reach Agreement on Hybrid Car Exports, Trade Commissioner Says
The EU and China have reached an agreement on hybrid cars. This could reduce China’s exports by more than half, says EU Trade Commissioner Maroš Šefčovič.
CarsThe EU and China have reached an agreement on hybrid cars. This could reduce China’s exports by more than half, says EU Trade Commissioner Maroš Šefčovič.
CarsChina raised the new tariffs on goods from the USA to 84 percent. The USA's President Donald Trump in turn raised the tariffs on Chinese goods to 125 percent. The WTO warns that trade between the two countries may decrease by 80 percent.
BusinessPresident Donald Trump accuses the world's trading partners of years of unfair treatment of the USA. But the EU's tariffs against the USA do not stand out. They are similar, says Per Altenberg, trade strategist at the National Board of Trade.
BusinessChina responds to the USA's new tariffs by imposing equally as much, a 34 percent tariff, on all American goods. The Asian superpower is also filing a lawsuit with the World Trade Organization (WTO).
BusinessThe Trump administration's tariffs on steel and aluminium are "unjustified and unreasonable", according to Canada's finance minister. Canada is responding with additional tariffs on American goods worth over 200 billion kronor. However, Canada's incoming prime minister is open to talks.
BusinessThe EU has higher tariffs on American passenger cars. The USA, in turn, has higher import tariffs on trucks from Europe. But overall, it's a draw in the tariff battle between the EU and the USA, according to statistics from Sweden's trade authority, the National Board of Trade.
BusinessMedicines, vehicles, electrical equipment, and food are some sectors that are expected to be close at hand when Donald Trump plans tariffs against the EU. But it could also be a broadside with new tariffs on everything from the EU – including Swedish US exports.
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