EU takes anti-Trump trade show to China and Japan

News Image

MG News | July 14, 2018 at 11:34 AM GMT+05:00

0:00

Brussels, July 14): The European Union's top officials will meet the leaders of China and Japan next week to boost ties in the face of fears that US President Donald Trump will spark an all-out global trade war.

The trip by EU Council President Donald Tusk and Commission head Jean-Claude Juncker includes the signing of a free trade deal with Japan, which was moved from Brussels last week because Japanese premier Shinzo Abe was dealing with deadly floods at home.

Their Asian tour comes as the EU -- which, with 28 countries and 500 million people is the world's biggest single market -- tries to forge alliances in the face of the protectionism of Trump's "America First" administration.

European Commission spokesman Margaritis Schinas said the "landmark" Japan deal was "the biggest ever negotiated by the European Union".

"This agreement will create an open trade zone covering nearly a third of the world's GDP," Schinas added.

In China on Monday, the two leaders will meet with President Xi Jinping and Premier Li Keqiang to discuss their shared tensions with Washington, having both recently announced new tariffs on US goods in retaliation for measures imposed by Trump.

They are expected to reaffirm their support for the rules-based international order, including the World Trade Organization, which faces unprecedented criticism from Trump's administration.

The leaders will also discuss climate change -- another area on which the EU is in disagreement with Trump after he pulled out of the Paris climate deal -- and nuclear issues in North Korea and Iran, Schinas said.

(AFP/APP

Related News

Name Price/Vol %Chg/NChg
KSE100 186,931.86
287.32M
1.01%
1874.03
ALLSHR 112,194.55
612.43M
0.90%
995.56
KSE30 57,338.09
121.48M
0.93%
529.10
KMI30 265,154.52
81.51M
0.89%
2347.94
KMIALLSHR 72,226.49
298.20M
0.89%
634.54
BKTi 54,256.54
71.45M
1.16%
621.69
OGTi 38,931.77
7.56M
0.12%
46.36
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 79,185.00 79,435.00
77,870.00
980.00
1.25%
BRENT CRUDE 66.16 66.64
65.66
-0.14
-0.21%
RICHARDS BAY COAL MONTHLY 90.00 0.00
0.00
-4.75
-5.01%
ROTTERDAM COAL MONTHLY 102.50 0.00
0.00
0.55
0.54%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 62.10 62.46
61.55
-0.04
-0.06%
SUGAR #11 WORLD 14.29 14.30
14.22
0.03
0.21%

Chart of the Day


Latest News
February 03, 2026 at 01:25 PM GMT+05:00

Pakistan OMC sales rise 12% in January


February 03, 2026 at 12:44 PM GMT+05:00

ECNEC approves Rs240bn mega projects nationwide


February 03, 2026 at 12:25 PM GMT+05:00

Itanz moves from textiles to tech


February 03, 2026 at 12:20 PM GMT+05:00

Govt, Citibank explore sovereign financing cooperation


February 03, 2026 at 12:20 PM GMT+05:00

Finance Division pledges support to KP on NFC allocations



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg