
Shrimp scandal rocks US South
Singh (right) and a research assistant testing shrimp from a hotel conference room in New Orleans. — Bryan Tarnowski/The New York Times
IMAGINE sitting down for a seafood meal at a coastal American restaurant. You're on holiday. The decor is nautical – fishnets, framed boats and even a stuffed marlin or two.
You order shrimp, assuming it's from nearby waters.
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Malaysian Reserve
an hour ago
- Malaysian Reserve
EU frets over US demands in trade talks it sees as unbalanced
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The EU, which has been seeking a mutually beneficial deal, will assess any end-result and at that stage decide what level of asymmetry — if any — it's willing to accept, the people added. Member states will likely have a range of views on the matter, and a €95 billion list of potential additional tariffs on US goods that Brussels has formulated risks being watered down by requests for concessions within the bloc. A European Commission spokesperson declined to comment to Bloomberg News on the status of the talks. 'We are fully and deeply engaged in negotiations. A negotiated, mutually beneficial solution remains our preferred outcome,' the spokesperson said. The EU is rushing to clinch a deal with Trump before tariffs on nearly all its exports to the US jump to 50% on July 9. The US president has blasted the EU – which he has said was created to 'screw' the US – over its goods surplus and perceived barriers to American trade. Trump spent much of a 20-minute meeting with European Commission President Ursula von der Leyen — on the sidelines of the Group of Seven summit in Canada this week — repeating those grievances and complaining about barriers he claims US carmakers face, the people said. The EU estimates that US duties now cover €380 billion ($439 billion), or about 70%, of its exports to the US. The White House didn't respond to a request for comment on Saturday. Trump complained earlier this week about the EU talks, threatening to give up and impose unilateral tariffs. 'We're talking, but I don't feel that they're offering a fair deal yet,' Trump told reporters on the flight home from the G-7 meeting. 'They're either going to make a good deal or they'll just pay whatever we say they have to pay.' Asked on whether the EU would retaliate if a baseline tariff would stay, von der Leyen told reporters at the G-7 that 'from the very beginning, we have always said that we have different instruments on the table and they stay on the table till the very end, and this is also the case today.' The bloc has stepped up its engagement with the US, pledging fast-track negotiations to reach an agreement. Chief trade negotiator Maros Sefcovic held meetings with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick over the past week. The US and EU are conducting in-depth discussions on critical sectors – such as steel and aluminum, automobiles, pharmaceuticals, semiconductors and civilian aircraft – as well as on tariff and non-tariff barriers, in addition to strategic purchases and economic security. While talks are taking place in a positive environment, they remain difficult, particularly with regards to the sectoral duties, said the people. 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Because of that, in parallel to ongoing talks with the Trump administration, the EU continues to prepare counter-measures should negotiations fail to yield a satisfactory result, or if the bloc opts to move ahead with measures to correct any imbalances. The EU has approved tariffs on €21 billion of US goods that can be quickly implemented in response to Trump's metals levies. They target politically sensitive American states and include products such as soybeans from Louisiana, home to House Speaker Mike Johnson, as well as agricultural products, poultry, and motorcycles. The bloc has also prepared an additional list of tariffs on €95 billion of American products in response to Trump's so-called reciprocal levies and automotive duties. They would target industrial goods including Boeing Co. aircraft, US-made cars, and bourbon. Input provided by member states and other stakeholders asking for relief covers as much as €70 billion of the proposed package, according to people familiar, although the bloc's executive arm has made clear it will not fulfill all the requests for changes. The EU is also consulting member states to identify strategic areas where the US relies on the bloc, as well as potential measures that go beyond tariffs, Bloomberg previously reported. –BLOOMBERG


Sinar Daily
4 hours ago
- Sinar Daily
AI's arrival at work reshaping employers' hunt for talent
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The Star
5 hours ago
- The Star
Beef, but make it British
Rollins (right) speaking as Trump announced a trade agreement with Britain, at the White House in Washington. — Eric Lee/The New York Times JUST a few days after the United States and Britain announced to much fanfare that they had agreed to lower some tariffs and create a US$5bil export opportunity for American beef, ethanol and other agricultural products in Britain, US Secretary of Agriculture Brooke Rollins touched down in London. She came with a clear message for her British counterparts: the agreement was just the first step. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only Follow us on our official WhatsApp channel for breaking news alerts and key updates!