Despite striking a deal with the EU on a four-month freeze of the tariffs they slapped on each other over subsidies for aerospace giants Boeing and Airbus, the new US administration is still in a troubling trade war situation with Brussels. The previous US president left his successor with a ticking time bomb as a consequence of US duties placed on steel and aluminum in 2018. In retaliation, the EU introduced duties on prime American exports like bourbon whiskey, jeans, orange juice, tobacco, peanut butter, yachts and Harley-Davidson motorcycles – tariffs that are about to double in June 2021 through an automatic component of Brussels’ response from 2018.
Source: Politico
US nuclear firm Westinghouse Electric Company has signed memorandums of understanding (MOUs) with 17 Bulgarian…
By 2030 Artificial Intelligence could be contributing as much as 11.5%, or USD 700bn (EUR…
Lithuania had the lowest annual inflation rate of 0.4% in the EU in March 2024,…
Lithuania will hold a constitutional referendum on whether its citizens can hold dual and multiple…
The ruling conservative Croatian Democratic Union (HDZ) won the most seats but failed to secure…
Shippingmanagement and payment system Ikas has announced that it will initiate operations in…