Some European Union carmakers and capitals are pushing for an agreement with President Donald Trump that would allow for tariff relief in return for increasing investment in the US, according to people familiar with the matter. Member states were briefed on the status of trade negotiations on Friday after a round of talks in Washington […]
The euro cannot quickly supplant the dollar as the anchor of the world’s financial system as countries using it still have far to go in their financial and economic integration, European Central Bank Governing Council member Gabriel Makhlouf said. The Central Bank of Ireland Governor said dollar dominance will decline over the long-term, but for […]
The European Central Bank current interest-rate position is appropriate and the institution is fully committed to its 2% inflation target, President Christine Lagarde told ARD. “Our determination, our commitment, our duty is to keep price stability — and price stability is around 2% inflation,” she told the public broadcaster on Friday. “We have delivered, inflation […]
President Donald Trump signed a proclamation to implement a 25% tariff on auto imports and pledged harsher punishment on the EU and Canada if they join forces against the US, expanding a trade war and triggering threats of retaliation. “What we’re going to be doing is a 25% tariff on all cars that are not […]
A senior Chinese leader called for increased global cooperation and opposition to protectionist measures, in a thinly veiled critique aimed at the US for destabilizing trade and geopolitical relations. “We should jointly safeguard the free trade system, uphold open regionalism, and firmly oppose trade and investment protectionism,” Ding Xuexiang, the ruling Communist Party’s sixth-ranking […]