EU profits as Trump turns away from trade: commissioner
Frankfurt
THE United States' new hostility to free trade deals under President Donald Trump is benefiting the European Union, the bloc's top trade official said Tuesday.
After Mr Trump's withdrawal from the Trans-Pacific Partnership trade deal in late January, "many countries are now turning to us, because they believe protectionism is not the right answer", European commissioner Cecilia Malmstrom told German business newspaper Handelsblatt.
"We are already negotiating with almost all of them, or preparing conversations" with the countries around the Pacific …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
India central bank cannot let its inflation guard down just yet, MPC minutes show
China’s Jan-March foreign investment inflows down 26%
South Korea government offers first compromise to end doctors' strike
Japanese AI tool predicts when recruits will quit jobs
India votes in gigantic election dominated by jobs, Hindu pride and Modi
Britain’s retail sales disappoint in sign of lacklustre recovery