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threatening legislationings to nullify them. markets seem to be relieved that the tariffs allowed for exempti exemptions. the head of the european participant is promising to respond firmly. china calls account tariffs a serious attack and south korea says it will respond, as well and that s really fascinating geopolitically because this came just a few hours after the south announced the united states/south korea talks. retaliation against u.s. goods is likely. u.s. farmers in particular could be collateral damage since america exports most of what it grows. president trump and the rest of the world heading in opposite directions on trade on thursday. 11 nations signed the trans-pacific partnership once thought to be dead after the president pulled the u.s. out of negotiations. the white house is seeking one-on-one trade deals. the president first with drew
good afternoon from cnn hong kong. i m andrew stevens. and good morning from london. i m felicia taylor. it was a long time coming, but european leaders filly got there. shortly before 4:00 a.m. in brussels the announcement we d all been waiting for. european leaders struck a deal on the eurozone debt crisis. here are the key points. the agreement includes a compromise with private investors. holders of greek bonds have greed take a 50% write down on the value of those assets. also the effective strength of the bailout fund will be boosted to about a trillion euros. but european banks will be told to brace for further turmoil. the banks zill to increase their capital reserves to 9% to protect themselves against potential losses following those write downs or defaults that possibly could occur further down the line. at a press conference in the early hours of the morning in brussels, the european council president emphasized the need for tighter fiscal discipline within th