It is the first chance for the market to respond to the us china trade twist. Just days after reaching a truce with china, washington has ratcheted up pressure on europe in their long running dispute over aircraft subsidies. The Us Trade Representatives Office is now threatening tariffs on another 4 billion of eu goods including olives, Italian Cheese and scotch whisky. Thats on top of the list of products worth 21 billion announced in april. The news of new tariffs comes as eu leaders meet later this morning. They will try and break the deadlock over who should get the top jobs including the role of European Commission president. The bloc is facing some big challenges including a stand off with italy over its budget. Italy owes more than 2. 5 trillion and its rising as the government spends more than it earns. On the positive side, unemployment across the eurozone has fallen to its lowest level in a decade but eu growth forecasts have been slashed amid worries over global trade tensio
Working with volkswagens audi and a joint venture between chinas g a c and japans toyota busy to provide their a high tech for self driving vehicles the waterway executive added that he expects the vehicles with autonomous driving components in 2021 or 2022 and that they would be available in china and europe. From tech to food in china the countrys consumer inflation grew to its highest level in 15 months and may the Consumer Price inflation rate jumped to 2. 7 percent in may thats the highest level since february of last year the number grew 2. 5 percent in april the spike is mostly due to the ongoing african swine swine fever outbreak in china that is pushing up the prices of pork and weather issues that have caused a shortage of supply of fresh fruits that plus the ongoing trade dispute between the u. S. And china has created uncertainty in chinas economy fresh fruit prices rose in may by a record 26. 7 percent year over year and cork rose by 18. 2 percent over the same period of t
A bit demick which seems to be driving an increase in the chinese inflation rate and this unusual rise in fresh fruit prices by nearly 27 percent in may. Its important because the food prices are. Very visible to Chinese Consumers and Chinese Consumer confidence can be affected negatively by these kind of dramatic spikes. On the swine front one of the things through realize is that the Agricultural Sector in China Remains extremely fragmented there are literally millions of small farms and small produces across china and so while beijing has done a very good job of developing National Standards for food safety the level to which an Inspection Service exists across the range of provinces in China Remains limited and as a result enforcement of the standards at a local level on behalf of Consumer Protection remains somewhat weak. As a result you have these outbreaks which are not necessarily nationwide in scope of this point but they are sport outbreaks which end up disrupting supply chai
Interagency working group. Im alexandra dunn, administrator for chemicals and pesticides that epa. We are pleased to have this group continue the good work that began early in the administration and thank you for joining us today. We know how busy your schedules are and how difficult it is to get a group of this caliber together at the same time. Your attendance today demonstrates a clear commitment across the administration to implement a strategy to improve the endangered species act consultation process for pesticides. The farm bill passed this esteemed group, with various stakeholders, nongovernment organizations and others in a transparent manner and we are committed to maintaining that type of process. I now am privileged to introduce the honorable epa administrator andrew wheeler. Administrator wheeler has provided strong leadership to all of us here at the agency and is deeply committed to the issues the working group will assess. Administrator wheeler. Good morning and thank y
Talk about planning to attack the crimean bridge with german missiles. The bridge that connects the island of crimea with russia. Without denying this issue, the German Ministry of defense is now working on how to leak this file. This incident is more than a wiretapping or broadcast of an air force conversation. This is a serious mistake and it should not have happened at all. The leak of this file is a short distance from the position a hundred thousand germany about the nonpresence of nato in ukraine. Neither nato countries nor eu countries will send their Ground Forces to ukraine. The position expressed in response to the french president s controversial statements about the possibility of sending nato military forces to ukraine. There is no consensus on this yet. But this issue cannot be completely ruled out. However, many people in france, one after the other, deny the military deployment , everyone knows that western special forces are currently present in ukraine and they just d