German Minister Confident Of US Trade Compromise
"); jQuery("#212 h3").html("
"); });
2018-03-31 HKT 17:45
Germany's economy minister says he is confident that Europe and the United States can reach a "sensible compromise" by summer to resolve tensions over trade.
US President Donald Trump's administration has granted the European Union an exemption from punitive tariffs on steel and aluminium imports, but only until May 1. Several European leaders have criticised the little time that leaves for talks.
German weekly Der Spiegel on Saturday quoted Economy Minister Peter Altmaier as saying that the EU and US want to act together to counter the overcapacity in the global steel market that originated in China.
Altmaier says they are seeking a common position on how to combat dumping prices and the theft of intellectual property.
He said: "We want to find solutions that are compatible with international trade rules." (AP)
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more