U.S. solar industry to lose 62,000 jobs due to Trump tariffs – study
The U.S. solar industry is losing out on the creation of around 62,000 jobs and $19 billion in investment thanks to Trump administration tariffs on imported panels imposed nearly two years ago, according to a report published on Tuesday.
Glencore CEO says to deliver management transition ‘shortly’
Glencore CEO Ivan Glasenberg said on Tuesday the mining and trading company would “shortly” bring in new leadership as part of a management transition.
France’s Macron hopeful of settling digital tax dispute with U.S.
French President Emmanuel Macron said on Tuesday he was hopeful that trade and economic disagreements with the United States, including a dispute over France’s new digital services tax, could be settled.
Oil falls after Trump warns of China trade deal delay
Oil prices slipped on Tuesday after U.S. President Donald Trump said a trade deal with China could be delayed until after the next U.S. presidential election, though losses were capped by an expected deepening of output cuts by OPEC and its allies.
Nokia plans to appoint former networks head Sari Baldauf as chairman
Telecoms equipment maker Nokia announced on Tuesday that it plans to appoint its former networks chief Sari Baldauf as chairman, succeeding Risto Siilasmaa who will step down after eight years in the job.
Fear of expanding trade war sinks global equities; bonds rally
Signs that a deal to end the U.S.-China trade war might not come until after the November 2020 elections weighed on global equity markets on Tuesday as investors sought out the perceived safety of bonds.
We will work it out: Trump calls trade dispute with France “minor”
U.S. President Donald Trump said on Tuesday he was sure “a minor dispute” with France on trade could be worked out after he threatened to impose duties of up to 100% on imports of champagne, handbags and other French products.
French Champagne exporters call for help over new U.S. duties threat
French wine and spirits trade body FEVS called on President Emmanuel Macron to protect it against a U.S. government threat to impose tariffs of up to 100% on a range of French products including sparkling wines such as Champagne.
EU says will seek immediate talks with U.S. over French digital tax
The European Union will seek immediate talks with the United States on how to solve a dispute over France’s new digital service tax, the EU delegation to the United States said on Tuesday.
Factbox: France and others plan tax clampdown on digital giants
U.S. President Donald Trump’s administration threatened to impose duties of up to 100% on French imports worth $2.4 billion after it concluded a tax on digital services imposed by Paris would be “unusually burdensome” for U.S. technology companies.
