Chief Market Strategist at InvestSMART Evan Lucas says the US is “possibly heading for a second trade war with the EU”. Mr Lucas told Sky News the World Trade Organisation sided with Aerospace company Airbus overnight, signalling the ability for the US to approve extra tariffs on the EU.
The market analyst said there were tariff indications of “10 per cent on airspace”, and “25 per cent on agricultural products out of the EU”. Mr Lucas said the airspace tariffs were unlikely to impact the cost of air travel due to the tariffs being introduced as "manufacturing protection". Image: Getty
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'No force can stop us': Xi Jinping | Sky News AustraliaChina has celebrated 70 years of Communist rule with a spectacular parade on Tuesday, with President Xi Jinping telling those present that “there is no force that can shake” such a “great nation”. \n\nOfficials have claimed the parade is the largest the country has ever held, boasting 15,000 marching military personnel. \n\nPresident Xi spoke at the same Tiananmen Square gate where Mao Zedong stood in 1949 and first proclaimed the land as the People's Republic of China.\n\nHe told the crowd that “no force that can shake the foundation of this great nation”, adding that China is “united as one”, and has reached “unparalleled achievements” through “hard work and perseverance”.\n\nImage: AP\n WWG1WGA We are the storm Do you get what Trump meant In the room when he said It’s the calm before the storm 70 years of Communism in China. We know what might happen.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Storm emergency declared as cold blast hits the US | Sky News AustraliaA historic cold blast has hit the United States' northwest with more than a metre of fresh snow falling. \n\nBarely a month after summer came to an end, freezing temperatures have gripped parts of the country with temperatures dropping well below average. \n\nA winter storm emergency was declared in Montana with schools closed on Monday. \n\nImage: Getty Thank god we got rid of global warming. Historic cold blast, by who's records, the left fake climate data as usual. Each time this happens it makes a mockery of the climate lie the left peddle. “An historic...” 😉
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia could withhold sensitive information from US investigation | Sky News AustraliaAustralia could withhold some information from a US investigation into what triggered the FBI's Russia inquiry despite the Prime Minister declaring he is 'ready to assist'. \n\nA senior government source told The Australian politically sensitive materials like diplomatic cables were unlikely to be turned over. \n\nThe cables are often used to describe important meetings - like former Australian high commissioner to London Alexander Downer's meeting with former Trump campaign advisor George Papadopoulos in May 2016. \n\nImage: AP Hmm, that would make me wonder whether the PM was complicit in getting rid of anti-Globalist Tony Abbott. Both Tony and Trump wouldn't sign that Climate Ponzi Scheme called the Paris Accord so .... Coups Am I stupid or something but doesn’t the FBI have a record of Downer’s ‘information’. As if the Arch Conservative Warrior is going to dob in an Arch Conservative Prince of the Liberal Party yeah right “whatever Mr President”. Never happen. chemtrails
Source: SkyNewsAust - 🏆 7. / 78 Read more »
US and North Korea agree to resume nuclear talks | Sky News AustraliaNorth Korea and the United States have agreed to resume nuclear negotiations after a seven-month long hiatus. \n\nTalks stalled after US President Donald Trump and Chairman Kim Jong-Un's historic meeting at the Demilitarized Zone. \n\nWashington rejected Pyongyang's demands for sanction relief and the rogue state responded with escalating rhetoric and a series of missile tests.\n\nNorth Korea's first vice minister of foreign affairs said preliminary contact will be made this Friday before talks on Saturday, but there is still no word on where officials will meet.\n\nImage: AP
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia eyes 'clear gaps' in US minerals supply amid China trade rowAustralian rare earth miners could become a major exporter to the United States as the Trump administration looks to lessen its reliance on China About bloody time. Thanks America ! Bye bye China. So sick of China holding Australia hostage. We don't need them. Get rid of these Commy dictators and their plague of spies. Stop China buying our food companies. Are we really thay stupid. let's see how they waste/undersell this resource and then probably sell it back to us for 10x the price
Source: smh - 🏆 6. / 80 Read more »
ASX set to plummet as US-China trade war hurts American economyThe Australian share market is set to tumble for its second day in a row over rising fears that the US-China trade war could push the world economy into recession.
Source: abcnews - 🏆 5. / 83 Read more »