The European Union is facing increased pressure to avoid the new 30% tariffs that President Trump will impose from August 1. Brussels has developed a four-point strategy, including compromise offers, such as cutting EU tariffs on American cars in exchange for lower US tariffs. The impact of existing tariffs is being felt in the profits of European companies like Volvo Cars. Negotiations continue, but trade risks are growing and an escalation of the conflict is becoming increasingly imminent.
Sources
Latest News
13:47
The rental market becomes crowded in September/ Bucharest remains the most expensive city
13:38
The Energy Ministry is calling Nuclearelectrica shareholders to select five members of the Board of Directors
13:29
Diesel prices rose again today. What are the prices at gas stations?
13:24
Marco Rubio and Colombia’s president discuss relaunching security cooperation
13:07
The restart of production at Liberty Galați is delayed due to rising energy prices and the falling level of the Danube
See more news