Latest news with #servicestrade
Bloomberg
26-05-2025
- Business
- Bloomberg
Germany's Merz Says US Tech Perks Could Be Target in Trade War
The European Union could retaliate against US technology companies if the trade conflict with Donald Trump's administration escalates, German Chancellor Friedrich Merz said. While the leader of Europe's largest economy aims to reduce tariffs and defuse tensions with the White House, he said that the bloc would need to protect its interests and pointed to the US surplus in services trade with the EU.
Bloomberg
22-05-2025
- Business
- Bloomberg
BOE's Dhingra Says UK Services Industry Was Hit Hard by Brexit
Bank of England rate-setter Swati Dhingra said there was new evidence that Brexit had dealt a bigger blow to Britain's services trade than previously realized. Dhingra said on Thursday that early results from her research showed that UK services firms that were affected by trade barriers erected after Brexit have suffered a 8.5% fall in exports to the European Union relative to other developed countries.
