EU responds to US trade aggression: new duties on US goods from 15 April
The European Union has officially approved the first round of countermeasures against US tariffs on steel and aluminium. Starting 15 April, the EU will impose additional duties, mostly in the amount of 25%, on a number of US goods, the European Commission said,according to the NYT. What happened? On Wednesday, the European Commission announced the […]
The largest egg producer in the US is under investigation: prices soar, profits rise, and shares fall
Photo: Getty images Shares of Cal-Maine Foods, which supplies about 20% of eggs to the US market, plummeted by more than 4% after the close of trading on Tuesday. The reason was the company’s statement about an anti-competitive investigation initiated by the US Department of Justice in connection with a sharp jump in egg prices. […]
USA: Congress wants to limit the president’s power to impose tariffs – a challenge to Trump and an escalation of the trade war
Photo: Getty images An initiative is gaining momentum in the US Congress that could significantly limit the president’s authority to impose duties. According to the new bill, all duties imposed by the head of state will automatically expire in 60 days unless Congress votes to extend them. This was reported by the American edition of […]
Conservatives and Social Democrats reach agreement to form government amid global crisis
Friedrich Merz. Photo: GLOBAL LOOK PRESS. After weeks of intense negotiations, the conservative CDU/CSU bloc led by Friedrich Merz and the Social Democratic Party of Germany (SPD) announced that they had reached a coalition agreement to form a new government. The agreement must still be ratified by an internal vote of the SPD members. The […]
