Xinhua Headlines: Diversification or Decline: Europe's Wake-up Call Amid U.S. Tariff Hikes, Currency Pressures

Diversification or Decline: Europe’s Wake-up Call amid U.S. Tariff Hikes, Currency Pressures

Brussels/Frankfurt - Less than 10 days before the newly proposed U.S. tariffs on imports from the European Union (EU) take effect, the clock is ticking, sounding alarms across the European industries, some of which are facing existential threats. The last-ditch efforts made by the EU to secure an agreement to avert the new sweeping U.S. tariffs have failed so far. EU Trade Commissioner Maros Sefcovic has warned that the levy of a 30-percent tari…

B.C. Small Businesses Urge Province for Action on U.S. Tariff Fallout, Citing Silence from Government

The Business Improvement Areas of British Columbia is raising red flags over the province's continued silence ...

Xinhua Headlines: Diversification or decline: Europe's wake-up call amid U.S. tariff hikes, currency pressures

* A 30 percent U.S. tariff on imports from the EU is set to take effect on Aug. 1, triggering alarm across the European industries. * Last week, Italy's Association...