‘No one wins in a trade war’ – Confederation of British Industry

‘No one wins in a trade war’ – Confederation of British Industry

We spoke to Rain Newton-Smith, who's chief executive of the Confederation of British Industry about the government's current response to Donald Trump's tariffs.

No winners in trade wars: EU foreign policy chief

Kallas urges EU to diversify defense industry away from US - Anadolu Ajansı

In the European Union, commenting on the introduction of tariffs by Donald Trump, they stressed that there are no winners in trade wars.

"The defense cooperation we have with Americans is very important," said Kaja Kallas, "but we need to diversify our portfolios," added the head of European diplomacy, just a few hours after the announcement of President Donald Trump's decision to impose tariffs on global imports, which Estonian estimates will increase costs. Continue reading....

"There are no winners in trade wars," said the head of European diplomacy in statements to the press in Warsaw, where she attends an informal meeting of EU defence ministers.

With the release of foreign direct investment data, we now have a complete picture of the main sources of foreign exchange inflows in 2024. Over the past year, 21.6% of total foreign exchange inflows (exports of goods, tourism, including the effect of migration, remittances and foreign direct investment) came from the European Union as the main source, while Russia accounted for 13.9%. The contribution of the European Union (including the United…