China is continuing to tighten the thumbscrews in the tech sector: According to insiders, state-funded data centers will only be permitted to use domestic processors and in some cases even have to remove foreign chips that have already been installed.
By Leonardo Pape
Bernd Lange's (SPD) draft report on lowering EU tariffs for the USA has received a lot of support in the Trade Committee. Nevertheless, finding a majority is likely to prove difficult. The EPP and Renew fear that the trade deal could be undermined.
By János Allenbach-Ammann
While the US government assumes that US companies are exempt from all Chinese export controls on rare earths, the EU Commission only confirms the withdrawal of some Chinese export controls for EU companies.
By János Allenbach-Ammann
The USA and China are selling the trade deal as a success, but the agreement is attracting some strong criticism from US experts. The EU Commission appears to be trying to de-escalate – and is maintaining a wait-and-see attitude.
By Leonardo Pape
The temporary easing of the trade dispute between Washington and Beijing has been greeted with relief in Europe. EU politicians are warning that the period of calm must be used to reduce economic dependencies.
By Amelie Richter
The EU must not relent on the tariffs imposed by the United States, explained Bertram Kawlath, President of the German Mechanical Engineering Association. More than half of German machinery exports could be affected by steel and aluminum tariffs.
By Marion Bergermann
The European business umbrella organization Business Europe wants the European Council and Parliament to implement the US trade deal with as few changes as possible. However, a number of proposed amendments are being debated in Parliament.
By János Allenbach-Ammann
Xi Jinping and Donald Trump are meeting on Thursday. The US president holds out the prospect of an easing of trade relations, while markets in Asia and Europe react positively. In advance, China demonstrates military strength off Taiwan.
By Yi Ling Pan
In his draft parliamentary position on the EU tariff reduction for US products, SPD MEP and trade rapporteur Bernd Lange wants to exclude steel-intensive products from the tariff reduction and include safeguards to prevent arbitrary action by the US government.
By János Allenbach-Ammann
The ASEAN summit in Kuala Lumpur provides a stage for global leadership meetings. However, internal coordination on trade issues is likely to become even more difficult with Trump’s visit. The agenda also includes updating the ASEAN-China trade agreement.
By Leonardo Pape
