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Italian PM Meloni warns against ‘trade war within the West'

Italian PM Meloni warns against ‘trade war within the West'

Italian Prime Minister Giorgia Meloni said Italy will do its part as the EU holds off on responding in hopes of reaching a deal with the US. (EPA Images pic)
ROME : Italian Prime Minister Giorgia Meloni warned Sunday against the perception of a 'trade war within the West', following US President Donald Trump's announcements of 30% tariffs on EU products.
'A trade war within the West would weaken us all in the face of the global challenges we are confronting together,' Meloni said in a statement released by her office.
'Europe has the economic and financial strength to assert its position and reach a fair and sensible agreement,' she said.
'Italy will do its part. As always,' she added, as the EU holds off on a response in the hopes of reaching an agreement.
Trump announced Saturday that products imported into the US from the European Union and Mexico would be subject to 30% tariffs starting Aug 1.
Since then, Italian opposition parties have criticised Meloni and her far-right party Brothers of Italy, while opposition Five Star Movement leader Giuseppe Conte accusing her of 'bowing her head' to Washington's threats.
European Commission President Ursula von der Leyen stated that Brussels would not retaliate against US tariffs on steel and aluminium for now, hoping to secure a deal to avoid broader 30% levy on all its exported products.
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Behind China's solid Q2 growth: Workers face wage cuts, late pay, and second jobs
Behind China's solid Q2 growth: Workers face wage cuts, late pay, and second jobs

Malay Mail

time5 hours ago

  • Malay Mail

Behind China's solid Q2 growth: Workers face wage cuts, late pay, and second jobs

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Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 and Formation of Joint Ventures in the PRC for Humanoid Robotics Business
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Malay Mail

time8 hours ago

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Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 and Formation of Joint Ventures in the PRC for Humanoid Robotics Business

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In the short term, this is likely to be a drag on sales, though we remain encouraged by our pipeline of new product launches and new business developments that should underpin growth in the second half of the financial year".The Company today announced that the Group entered into two equity joint venture agreements with Shanghai Mechanical & Electrical Industry Co., Ltd. ("SMEIC") in relation to the formation of two equity joint first joint venture will be incorporated in Shanghai which will primarily serve as a sales channel for products manufactured by the second joint venture, as well as support business development, research and development, application engineering, and customer service for humanoid robotic solutions in the People's Republic of China (''PRC''). 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EU sets stage for big battle over long-term budget
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New Straits Times

time15 hours ago

  • New Straits Times

EU sets stage for big battle over long-term budget

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