Free Porn
22 C
Thursday, July 25, 2024
Home News U.S. - EU trade talks progress

U.S. – EU trade talks progress

U.S.-EU Trade Talks Progress With Trump Eyeing Congress Approval

The Trump administration said it will seek fast-track approval from Congress for a trade deal being negotiated with the European Union, suggesting the two sides are hoping to make substantial changes to their commercial relationship.

The U.S. Trade Representative’s office said Monday it will begin consultations with Congress on a trade deal with Europe under Trade Promotion Authority, a legislative tool that allows the president to seek a simple yes-or-no vote by lawmakers on a final deal. In exchange, the administration must clear a series of hurdles, such as remaining in close consultation with committees in the House and Senate that oversee trade.

The move signals talks between the U.S. and EU are going well, less than two months after they were threatening to slap tariffs on each other in what appeared to be a prelude to a damaging trade war. At the end of July, President Donald Trump and European Commission President Jean-Claude Juncker agreed to work toward zero tariffs, zero non-tariff barriers and zero subsidies on industrial goods outside the auto sector, among other things

Read more on Bloomberg.

Latest Posts

Global bunker indices continue moderate decline

In the 30th week of the year, the Marine Bunker Exchange (MABUX) global indices maintained their moderate downward trend. The 380 HSFO index dropped by...

BIFA and TT Club provide advices on container shipping safety

The British International Freight Association (BIFA) used the latest episode in its 2024 webinar series to provide crucial advice on safety in container shipping. The...

Indian Register of Shipping reveals new leadership appointments

The Indian Register of Shipping (IRS) announced new leadership appointments aiming to strength its management team. The Board of Directors of IRS has approved the...

CMA CGM applies updated PSS from Egypt and Türkiye to West Africa

French ocean carrier CMA CGM has notified its customers of an updated Peak Season Surcharge (PSS) from Egypt and Türkiye to West Africa. Effective from...

NWSA announces refrigerated electrical upgrades on Terminal 5

The Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Seattle and Tacoma, has announced refrigerated electrical upgrades on its...