Category: trade

The US and China agreed to the first phase of a broader trade agreement that will see the US reduce tariffs, and at least temporarily calm fears of an escalating trade war between the world’s two largest economies. The deal announced hinges on China increasing purchases of American farm goods such as soybeans and pork, […]

The White House has reached a “deal in principle” with Beijing to resolve the 17-month US-China trade war, according to a source briefed on the trade talks The White House was expected to make an announcement later today, the source said. “The written agreement is still being formulated, but they have reached an agreement in […]

New figures from the Central Statistics Office show that Ireland exported a total €141 billion of goods in 2018 and imported €92 billion worth of goods.  The country exported over €39 billion of goods to the US in 2018 – its largest export market. It also imported €17 billion from the US last year.  The […]

European stocks tumble on trade war blows Technology stocks led a tumble in European equities in early deals on Monday as investors fled from riskier assets after another exchange of blows by the United States and China over trade at the end of last week. US President Donald Trump on Friday hit back at a […]

EU goods trade gaps with US and China widen The European Union’s trade surplus in goods with the US and its deficit with China both increased in the first five months of 2019, figures that could add extra strain to global tensions. The European Union’s surplus with the US grew to €62.1 billion in the […]

EU goods surplus with US eases, deficit with China widens The European Union’s trade surplus in goods with the US decreased in the first three months of 2019, but its deficit with China widened, figures released today showed. The 28-nation bloc’s surplus with the US slipped to €33.9 billion in the three months from January […]

Trade war escalation puts Europe’s shaky economy back on alert The US and China are taking another swing at global sentiment, which is bad news for Europe as the economy starts to find its feet after a torrid year. In a week that was supposed to bring progress in trade talks, President Donald Trump boosted […]

‘American selfishness on trade’ criticised by EU EUROPEAN Commission vice-president Jyrki Katainen said on Tuesday that Washington’s “selfish” approach to trade was not sustainable, but it was too early to say that EU-US trade talks were doomed to fail. The Trump administration has imposed stiff tariffs on US imports of steel and aluminium and set […]