Latest news with #negotiators
Yahoo
2 days ago
- Yahoo
Edinburgh locals 'forced' to stay inside as 'riot police' lock down building
Residents on an Edinburgh street have been claimed Police Scotland officers told them 'to stay inside' after riot police locked down their street. Officers closed off St Leonards Street on Saturday morning, with officers in riot suits seen patrolling the street and talking to an individual in one of the flats above. One passer-by told Edinburgh Live: "Swat team and dogs deployed to the building. Negotiators arriving just now. The rest of the building has been evacuated. READ MORE: Eager Edinburgh customers in huge queue stretching up road as new cafe opens READ MORE: Edinburgh locals rage 'this is just wrong' as dozens of people dump cars at park "A man occasionally appears at the top floor window, seemingly conversing with officers below, whilst drinking a cup of tea ! All other neighbours are being forced to stay indoors." Images of the street show around eight police vehicles and one Scottish Ambulance Service special response unit in attendance. Police Scotland have been approached for comment. Join Edinburgh Live's Whatsapp Community here and get the latest news sent straight to your messages.
Reuters
7 days ago
- Automotive
- Reuters
EU prepared to accept flat 10% US tariff with conditions, Handelsblatt reports
June 16 (Reuters) - Brussels negotiators hope that offering to accept U.S. tariffs of 10% across all of the European Union's exports into the United States will avert any higher duties on cars, drugs and electronics, newspaper Handelsblatt reported on Monday. Citing high-ranking EU negotiators, the paper said the EU is ready to cut its tariffs on U.S.-made vehicles, and to possibly change technical or legal hurdles to make it easier for U.S. manufacturers to sell their cars in Europe.
Yahoo
14-06-2025
- Business
- Yahoo
Trump's Tariffs Have Yet To Force Down Any Major Trade Barriers
Trump's tariffs are meant to serve at least partially as bargaining chips, to be lowered in exchange for concessions from other countries, but the U.S. has won few concessions so far. So far, only Great Britain has agreed to lower any trade barriers, though negotiations with other countries are continuing. Trade deals could take years to finalize, if history is a guide, experts Donald Trump's tariffs were touted as a tool for winning trade concessions from other countries. Those benefits are so far few and far proponents, including Trump himself, have argued one of the main benefits of import taxes is their use as leverage: The U.S. can use tariffs, or the threat of them, to get other countries to lower their own tariffs, ease regulations, or remove other trade obstacles to domestic companies. "We will pry open foreign markets and break down foreign trade barriers and ultimately, more production at home will mean stronger competition and lower prices for consumers," Trump said in an April 2 speech that unveiled double-digit "reciprocal" tariffs on multiple U.S. trading partners. As of Friday, though—more than four months into the trade war—the U.S. had signed a preliminary trade agreement with only one country: Great Britain. The U.K. deal's details were still being hammered out by negotiators, and promised some increased market access for American companies. And a deal announced between the U.S. and China only undid some of the harsher trade restrictions the two countries imposed on one another in recent months. There are more trade barriers in place now than there were in February when this all started, experts have noted. Tariff critics, including many mainstream economists, say the U.S. has lost more than it has gained so far in the trade war. Ryan Young, of the libertarian think tank the Competitive Enterprise Institute, in a recent commentary noted that China has also been able to exercise leverage using its supply of rare earth minerals, and argued the U.S. is in no better a position than where it for the U.S. may be some time in coming. The lack of firm deals so far underscores the historical trend that trade negotiations are complex and often take many months or even years to finalize. "Negotiating trade agreements could be a multi-year process, " said Anthony Rapa, co-chair of the international trade practice at the law firm Blank Rome. "We're going to get deeper into the summer and deeper into the year before we really know what this starts to look like."The administration is actively negotiating with at least 18 other countries, according to Treasury Secretary Scott Bessent, and those talks could still bear fruit. Vietnam, for instance, has reportedly offered to zero out its own tariffs against American products in exchange for removing the high "reciprocal" tariffs Trump announced in April, which have been delayed by 90 days to allow for negotiations. The tariffs are also meant to boost federal revenue, pay for tax cuts and encourage companies to build factories in the U.S. However, economists say these goals contradict one another, since more domestic manufacturing could weigh on tariff revenue. Consumers are meanwhile bracing for higher prices as businesses say they plan to pass along the cost of the new import taxes to shoppers—though, according to the latest inflation data, that mostly hasn't happened yet. In the meantime, the economy is still working through the effects of raising import taxes to their highest level since the Great Depression. As of June, the government was charging the highest average taxes since 1937, according to the Yale Budget Trump has announced, rescinded, and paused tariffs so frequently, businesses are uncertain about future policy. That's forced companies to delay decisions about major investments, according to surveys including one from the the Institute for Supply Management. Many economists are forecasting the tariffs will cause an economic slowdown and an uptick of unemployment later in the year."There's been an impact in terms of business planning, in terms of anticipating the response, in terms of not exactly knowing what the future holds," Rapa said. Read the original article on Investopedia Sign in to access your portfolio
Bloomberg
13-06-2025
- Business
- Bloomberg
US, Vietnam Near Trade Framework as Tariff Deadline Approaches
The US and Vietnam are closing in on a framework trade agreement, despite ongoing concerns about Chinese goods being rerouted through the Southeast Asian nation to avoid tariffs, according to people familiar with the talks. Negotiations have progressed, with Vietnam seeking to secure tariffs in the range of 20% to 25%, said the people, who asked not to be identified as the discussions are private and nothing is finalized.
Bloomberg
12-06-2025
- Business
- Bloomberg
India, US Harden Stance in Trade Talks as July Deadline Looms
Trade officials from India and the US have hardened their stance on some key issues as they race to conclude an interim deal before higher US tariffs take effect in July, people familiar with the matter said. Negotiators from both sides, who met in New Delhi this week, wrangled over issues including a US demand that India open up its market to genetically-modified crops, officials in New Delhi said, asking not to be identified as the discussions are private.
