Trump slams EU in aircraft dispute, pushes tariffs on $11 billion of imports

WASHINGTON: US President Donald Trump said on Tuesday the United States would impose tariffs on $11 billion (Dh40.40 billion) of products from the European Union, a day after US trade officials proposed a list of EU products to target as part of an ongoing aircraft dispute. “The World Trade Organisation finds that the European Union […]

Nissan ex-chair Ghosn says a ‘conspiracy’ led to his arrest

Nissan’s former Chairman Carlos Ghosn is maintaining he is innocent and in a video released by his legal team accuses some executives at the Japanese automaker of a “conspiracy” that led to his arrest on financial misconduct allegations. Ghosn, wearing a white shirt and dark jacket, spoke calmly in a nearly 10-minute video shown at […]

Airbus says US sanctions on its aircraft would have no legal basis

Paris: European aircraft-maker Airbus said on Tuesday it saw no legal basis for the United States’ move towards imposing trade sanctions on its aircraft and warned of deepening trade tensions. US President Donald Trump said on Tuesday the United States would impose tariffs on $11 billion (Dh40.4 billion) of products from the European Union, a […]

Trade between GCC, Latin America hit $16.3b in 2018

Panama City: Trade flows between GCC countries and Latin America and the Caribbean (LAC) reached $16.3 billion (Dh59.86 billion) in 2018, while the UAE remained a top trading partner in the Gulf region for LAC countries, according to a new report conducted by Inter-American Development Bank (IDB) in cooperation with the Dubai Chamber of Commerce […]