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The Commission says Trump’s tariffs would upend the rules which have underpinned global commerce since the end of World War II.
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The European Union has introduced “provisional safeguard measures” concerning imports of a number of steel products as a response to the U.S. steel tariffs.
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Vietnam Trade and Investment Agreement (EVFTA) on June 8, 2020. Meanwhile, the European Commission published a notice on June 30, 2020 announcing that the Free Trade Agreement between the European Union (EU) and the Socialist Republic of Vietnam will enter into force on August 1, 2020.
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The European Union is prepared to hit 20 billion euros ($22.7 billion) of U.S. goods with tariffs should President Donald Trump follow through on a threat to impose duties on EU cars and auto parts, said a senior trade official for the bloc.
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The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry.
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German business confidence plunged the most in almost a year and sentiment deteriorated in Italy and France, keeping the euro region on an uncertain footing after a weak first quarter.
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The European Commission has said the economic expansion in the 19-nation region is now more balanced than at any time since the financial crisis.
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Neil Wheeldon, VP of Solutions & Innovation, reviews the latest data around Euro area producer prices and how it impacts consumers.
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The euro fell nearly half a percent on Wednesday after rocketing to a fresh three-year high above $1.23 as some investors ramped up bullish bets about the currency, though concerns voiced by policymakers this week damped broader optimism.
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Economic growth in the 19 countries that use the euro currency was 2.5% in 2017, according to official data published Tuesday. Growth in the 28-member European Union also reached 2.5% last year.