Vice-Chancellor Sigmar Gabriel said Sunday that negotiations on a massive trade deal between the European Union and the United States were effectively dead in the water. “The talks with the US have de facto failed because we Europeans of course must not succumb to American demands.” Source: The Local
The European Union will seek Asian support for free trade, the Iran nuclear deal and combating global warming at a regional summit on Thursday that includes China, Japan and Russia as a counterbalance to a more protectionist United States. Source: Reuters
Meeting in Russia’s Black Sea resort of Sochi, the Russian and Egyptian presidents have signed what officials describes as a strategic cooperation treaty designed to increase trade, military, and other ties between the two nations. Source: Radio Free Europe
The Trump administration said on Wednesday that it intends to pull the US out of a 144-year-old international postal alliance, citing a “flawed system” that allows developing countries like China to ship goods around the world more cheaply. Source: South China Morning Post
