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How tariffs in the EU work
How tariffs in the EU work
Economy
by  AFP

Customs duties, or tariffs, have become a political punching ball as the European Union prepares to respond to US President Donald Trump's recent offensive. Typically, very low customs duties are applied to oil or liquefied gas "because consumers and companies need them, and the European Union does not necessarily produce them," said Guimbard.

'Catastrophe': Volkswagen town rattled by Trump trade war
'Catastrophe': Volkswagen town rattled by Trump trade war
Economy
by  AFP

The dour mood at Germany's crisis-hit auto giant Volkswagen has given way to angst and fury as US President Donald Trump has escalated a trade war against friends and foes alike. Veteran auto workers who spent decades at the plants of Germany's storied industrial titan fear for the worst since Trump has ramped up a range of import tariffs, sparking global market turmoil.

Greek general strike hits transport and commerce
Greek general strike hits transport and commerce
Economy
by  AFP

More than 15,000 people took to the streets in Greece on Wednesday in the second 24-hour general strike this year, calling for higher wages to match the rising cost of living. Although Greece saw high economic growth of 2.2 percent last year, salaries remain low despite rising taxes and inflation that hit 3.5 percent in the middle of last year.