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European Union metals tariffs retaliation to start June 22

European Union metals tariffs retaliation to start June 22

She called the European Union response proportionate and in line with World Trade Organization rules and said that they would be removed if Washington removed its metal tariffs. Mexico retaliated against the move two weeks ago while Canada said it would place tariffs on U-S exports from July the first. The EU has also filed a case contesting the legality of the USA tariffs with the World Trade Organization.



Opec’s challenge - to pump more oil while keeping deal in place

But other OPEC members want no increase or a nominal one, and Iran remained a key holdout after ministers met Thursday to try to craft a compromise ahead of the main meeting. "In the long term, this will have a negative effect on the global economy even if, in the short term, it might be positive for other non-U.S. producers", Rainer Seele, chief executive at Austria's oil company OMV, said in Vienna where OPEC officials and ministers and top oil industry executives attended a seminar this ...


India Urges OPEC Nations To

India Urges OPEC Nations To "Fill Supply Gap", Ensure Sustainable Prices

Bijan Zanganeh is in the Austrian capital Vienna ahead of a meeting with his counterparts on Friday. He also spoke with Russian Energy Minister Alexander Novak by phone. Saudi Arabia is ready to add back production it had agreed to curb in 2016, even though it is benefiting hugely from a almost 75% spike in oil prices.


Wall Street tumbles as US-China trade spat escalates

Wall Street tumbles as US-China trade spat escalates

That's 90 percent of everything China exports to the US, from electronics, clothing, toys, tools, you name it. United States President Donald Trump has threatened to impose a 10 per cent tariff on $US200 billion ($270 billion) of Chinese goods, escalating a tit-for-tat trade war with Beijing.



European Union retaliates against Trump’s metal tariffs

Cranberries, cranberry juice, orange juice, sweetcorn and peanut butter are among the other food products targeted. "We did not want to be in this position". Brussels first drew up the list in March when US President Donald Trump initially floated the idea of 25 percent tariffs on steel imports and 10 percent on aluminium.