The U.S. under President Donald Trump has been at odds with the European Union. Last year, Trump threatened to impose tariffs of up to 25 percent on American imports of European cars.
Trust between the U.S. and the European Union is at an"all-time low," a European lawmaker said Wednesday after both sides failed to find common ground on trade.
"The EU is very clear that we want to have rules-based trade, we want to strengthen the multilateral system and we think it is to our mutual benefit to have the U.S. as a partner here," she added."But President Trump clearly has other ideas. He believes in a more protectionist, nationalist agenda and it's hard to deal with because we don't really know what we can discuss there.
Such tensions between the world's two largest economies led to a tit-for-tat tariff fight for much of 2018 until Trump and President Xi Jinping agreed in December last year to stop imposing additional tariffs on each other's products as theynegotiate a trade deal.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU to issue formal complaints to carmakers over emissions collusion: HandelsblattThe European anti-trust watchdog plans to send formal complaints to BMW, Daimler...
Read more »
U.S. says religious freedom in China could boost trust in TaiwanThe U.S. ambassador for religious freedom on Monday again urged China to give it...
Read more »
US citizens will need to register to visit parts of Europe starting in 2021US citizens visiting parts of Europe will need authorization from the European Union come 2021.
Read more »
AIOps: Why Developing Trust In Automation Takes TimeBuilding trust in AIOps may take time, but not because enterprise users are uninterested in artificial intelligence and machine learning (AI/ML) solutions.
Read more »
Afraid to Dirty Your Pricey Air Jordans? Call In the Super Sneaker CleanersThe desire to keep expensive Nikes, Adidas and Balenciagas looking ‘fresh out of the box’ has created an emerging industry that includes ex-Marines; ‘a sneakerhead can’t walk around in dirty sneakers’
Read more »
You can’t always trust measuring cups, but here’s what you can do about itBuy good ones, check their accuracy and measure properly.
Read more »
Technology ETF Celebrates Milestone BirthdayThe Invesco QQQ Trust, the exchange-traded fund that was once practically synonymous with the dot-com boom and bust, turns 20 years old this week.
Read more »
'Don't trust the strong rally': Morgan Stanley warns stocks aren't out of the woods just yetThe stock market's rally so far this year shouldn't be trusted, Morgan Stanley equity strategists said in a new report.
Read more »