EU's Tusk urges Trump to restart TTIP talks

Liam Fox is heading to Washington in a bid to secure tariff exemptions for UK

EPALiam Fox is heading to Washington in a bid to secure tariff exemptions for UK

The European Union urged the United States on Wednesday to revive trade talks rather than escalate a dispute over tariffs on metals and cars.

European Council President Donald Tusk reacts during his joint news conference with Finnish Prime Minister (not pictured) in Helsinki, Finland, March 14, 2018.

After meetings with US trade envoy Robert Lighthizer inBrussels, EU and Japanese trade officials said negotiations would need to continue.

Shortly after Trump took office, the Information Technology & Innovation Foundation (ITIF), a USA technology think tank whose board includes representatives from top companies such as Apple, Amazon, Cisco, Google, and Intel, called for coordinated worldwide pressure on Beijing. I can understand him.

She is to meet US Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross, Congressional leaders and others.

Earlier on Monday, Finance Minister Henrique Mereilles said Brazil's government had not made a decision yet on how to respond to the tariffs and needed to see what exactly the United States wanted in negotiations. On Monday, the EU's Trade Commissioner Cecilia Malmström said the bloc would "stand up to trade bullies".

Tusk was referring to planned Transatlantic Trade and Investment Partnership (TTIP) talks which were frozen after Trump's election victory in 2016.

Trump has railed against major global trading partners, most recently by imposing a tariff on steel and aluminum exports, but granted an exemption to Canada and Mexico as the three countries approach a reorganization of NAFTA, the trade agreement Trump has threatened to tear up.

Commission Vice President Jyrki Katainen warned Washington on Friday not to expect any concessions to win an exemption.

WASHINGTON/BEIJING- U.S. President Donald Trump is seeking to impose tariffs on up to US$60 billion of Chinese imports and will target the technology and telecommunications sectors, two people who had discussed the issue with the Trump administration said on Tuesday.

"That's why the Commission will concentrate on problem-solving, instead of provoking further problems". "The key question is, does the USA retaliate against that retaliation", said Derek Scissors, a China trade expert at the American Enterprise Institute, a pro-business think tank.

"What we want to do is clear up this mess". "This process of tit-for-tat can induce at times trade wars that are in no one's interests", Azevedo said.

Mr Trump said on Saturday the U.S. was "working very quickly on a security agreement" so as not to impose the tariffs on "our ally, the great nation of Australia".

China's industrial output expanded faster than expected at the start of the year, suggesting the world's second-biggest economy has sustained solid momentum despite a crackdown on polluting industries and a campaign to reduce risks in the financial system.

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