WASHINGTON — President Donald Trump and European Union leaders announced Wednesday they have agreed to work toward "zero tariffs" and "zero subsidies" on non-automobile goods and would work to resolve U.S. tariffs on steel and aluminum imports that have roiled European markets. The president, in a hastily called Rose Garden statement with European Commission President Jean-Claude Juncker, said the EU had agreed to buy "a lot of soybeans" and increase its imports of liquefied natural gas from the U.S. Juncker, meanwhile, said the U.S. and EU had agreed to hold off on further tariffs as part of trade talks aimed at averting a crippling trade dispute involving the lucrative automobile market. Trump told reporters it was a "very big day for free and fair trade" and vowed to "resolve the steel and aluminum tariff issues and we will resolve retaliatory tariffs. We have some tariffs that are retaliatory and that will get resolved as part of what we're doing." "We're starting the … [Read more...] about Trump, European Union leaders announce path forward on trade
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KitKat Did Not Get a Sweet Deal After Losing Trademark Case in European Union
World International Affairs Nestlé, the manufacturer of the KitKat chocolate bar, has once again failed to trademark its shape after the European Union’s Court of Justice rejected an appeal. For more than 10 years, Nestlé has been attempting to trademark the chocolate bar’s recognizable shape in Europe. To the dismay of other chocolate manufacturers, including U.K.'s Cadbury, the European Union gave Nestlé its long-awaited trademark in the mid-2000s. When this ruling was made, Mondelēz, which manufactures a very similar chocolate bar in Norway, disagreed with the court. This began a years-long court battle that culminated on Wednesday with the court’s decision. Packets of KitKat chocolate-covered wafer bars manufactured by Nestlé are seen in London, on July 25. For more than 10 years, Nestlé has been trying to trademark the chocolate bar’s recognizable shape in Europe. Hannah Mckay/Reuters … [Read more...] about KitKat Did Not Get a Sweet Deal After Losing Trademark Case in European Union
United Kingdom must consider damage of European Union money U-turn
That has infuriated Brussels, which insists that the bill is simply a settling of accounts.The prime minister's political vulnerability has been exposed by a new survey by The Sunday Times newspaper.which found voters would prefer Boris Johnson, who quit as her foreign minister two weeks ago, to negotiate with the European Union and lead the Conservative Party into the next election.Still, London appears to want to win over the leaders of Europe's biggest economy to put pressure on European Union negotiators to avoid a messy split. "So I think we do need to make sure that there's some conditionality between the two". The situation complicated earlier this month when Prime Minister Theresa May submitted a white paper to the cabinet outlining her major plans for the final negotiations with the EU."You can't have one side fulfilling its side of the bargain and the other side not, or going slow, or failing to commit on its side", he said. "But depending on how things pan out.in the longer … [Read more...] about United Kingdom must consider damage of European Union money U-turn
International Monetary Fund warns no-deal Brexit would harm both European Union and UK
And he urged Mrs May to return to the "glorious vision" of Brexit she set out in a speech back in January previous year.Mr Davies said that Tories faced losing power to Jeremy Corbyn's Labour if they failed to deliver the Brexit which the country voted for in the 2016 European Union referendum.Britain's Prime Minister Theresa May is shown on July 9 speaking in the House of Commons after the resignations of Boris Johnson and David Davis became public.Mr Johnson quit Mrs May's Cabinet on Monday last week, declaring that the plans for the UK's post-Brexit relations with Europe which she set out at Chequers would leave Britain a "colony".The pound sterling slumped in value Thursday as the fallout over the government's soft-Brexit plan intensified at Westminster.The IMF says economic growth in the remaining 27 European Union states could fall by as much as 1.5 percent by 2030 if the United Kingdom falls back on WTO rules for trade with the European Union after Brexit.MailOnline brings you … [Read more...] about International Monetary Fund warns no-deal Brexit would harm both European Union and UK
Donald Trump Says European Union ‘Is a Foe’ Bigger Than Russia and China
World The day before President Donald Trump's planned meeting with Russian President Vladimir Putin, the commander in chief said Sunday that the European Union “is a foe” greater than Russia, as well as China. Related: Impeach Trump ad links Putin threat to Revolutionary War and Paul Revere Trump made the admission when CBS News’ Jeff Glor on Face the Nation asked, “Who’s your biggest competitor, your biggest foe, globally right now?” "Well, I think we have a lot of foes. I think the European Union is a foe, what they do to us in trade,” Trump replied from one of his Trump Turnberry golf courses in Scotland. “Now you wouldn't think of the European Union, but they're a foe." Recommended Slideshows 76 The Most Powerful Military Forces in the World 59 The 25 Most Powerful Passports in the World 61 Every World Press Photo Winner Ever: 60 Images That Define Our World "Russia is a foe in certain respects,” … [Read more...] about Donald Trump Says European Union ‘Is a Foe’ Bigger Than Russia and China