Euronews’ senior trade and competition reporter Peggy Corlin highlights the key events of the week in the world of trade and competition.
This week, the European Commission announced that it has approved the acquisition of a Spanish mustard company by a French food group. The Commission found that the merger would not significantly impede effective competition in the European Economic Area, allowing the deal to go through.
In other news, the United States announced that it will be imposing tariffs on steel and aluminum imports from several countries, including the European Union, in an effort to protect domestic industries. The move has sparked backlash from trade partners, who argue that the tariffs will harm global trade and disrupt supply chains.
On a more positive note, negotiations between the United States and China have resumed, with both sides looking to resolve their ongoing trade dispute. The talks have been described as constructive, with hopes of reaching a mutually beneficial agreement in the near future.
Lastly, the United Kingdom and the European Union continue to negotiate a post-Brexit trade agreement, with both sides expressing a desire to reach a deal before the end of the year. However, sticking points remain, particularly regarding fisheries and regulatory alignment, which could potentially derail the talks.
Overall, it has been a busy week in the world of trade and competition, with developments in mergers, tariffs, and international negotiations shaping the landscape of global trade. Peggy Corlin will continue to report on these key events as they unfold.
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