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Tag Archives: trade

US implements steel & aluminium tariffs, EU threatens with retaliation

A bad day for world trade: US moves forward with imposing tariffs on steel and aluminium, without exception for Canada, Mexico and the European block. The new measures 25% percent on steel and 10% on aluminium go into effect on 1. June 2018, US time. The European Union threatens with …

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EIB and HSBC partner for trade finance of SMEs in Greece

The European Investment Bank (EIB) has partnered with HSBC to provide a wholesale facility for trade finance to Greece’s SMEs.  The €134m (£118m) package will be channelled to SMEs by the National Bank of Greece and Piraeus Bank. EIB, HSBC, Citibank and Commerzbank will provide credit guarantees. Other banks are …

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Merkel: The Euro is too low for Germany

German Chancellor Angela Merkel suggested on Saturday that the euro was too low for Germany but made clear that Berlin had no power to address this “problem” because monetary policy was set by the independent European Central Bank. Merkel made her remarks at the Munich Security Conference as U.S. Vice …

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