Washington refuses to reduce 27.5% levy until Brussels cuts duties on American goods

Washington refuses to reduce 27.5% levy until Brussels cuts duties on American goods

Framework deal pledges to cut 27.5% tariff once EU tables legislation, and both sides say they want swift action

Washington should dial down its global military involvement but must not retreat on trade at the same time

Short positions rise as sector hit by trade war and Chinese competition

The US president cannot prevent the pain of his protectionist agenda indefinitely — and midterm elections are looming

Prime Minister Mark Carney announces removal of 25% levy on many goods from neighbour

Congressional Budget Office estimate offsets concerns about fiscal effects of Donald Trump’s tax bill