Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Stocks in Asia rose in Wednesday afternoon trade following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
Sen. Josh Hawley, a well-known tech critic, is introducing legislation that would remove the immunity big technology companies receive for user-posted content under Section...Technologyread more
In its new "Future Skills" report, LinkedIn has identified what it calls the 10 "rising skills" of the future and the jobs associated with them.Get Aheadread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Zuckerberg fell out of Glassdoor's top 20 CEO ranking for the first time, although his employee approval rate remains high.Technologyread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
The fashion industry is currently swept up in a storm of nostalgia. Riding on this throwback wave, Italian heritage brand Fila and American sweatshirt producer Champion are...Apparelread more
There's a lot happening behind the scenes to ensure the U.S. and the European Union reach a trade deal, the Dutch prime minister told CNBC Monday.
Both sides of the Atlantic have been at odds regarding international trade ever since President Trump took power in January, 2016. In particular, Trump threatened last year to impose tariffs of up to 25 percent on European cars – a highly sensitive topic for European officials. The EU is the largest exporter of motor vehicles in the world, whereas the United States is the largest importer of motor vehicles in the world. Car tariffs could be a massive risk to the European economy.
In an attempt to calm down the trade tensions, European Commission President Jean-Claude Juncker agreed with President Trump in July last year to put new tariffs aside and to work towards lowering ongoing duties. Earlier last year, the U.S. had raised taxes on steel and aluminium from Europe.
"I am convinced we can get a settlement on this because it is strategically in both our interests," Mark Rutte, Prime Minister of the Netherlands, told CNBC.
"Things are happening…I can assure a lot is happening behind the scenes and there is a lot of common trust, common goals on the table because we have to settle this as soon as possible, we don't want to have a full out fight between the U.S. and the EU," he said.
Their deal to work towards reducing taxes to zero brought some relief to the table last year. However, more than six months since their meeting in Washington, it is still unclear what's the way forward.
EU's trade chief Cecilia Malmstrom said Friday: "We do have concerns about certain aspects of the trade policy pursued by the current U.S. administration but there is also a strong unanimity that we should have a positive agenda with the U.S., building on the decisions and joint statement that was made when the two presidents…met."
A report published by the European Commission last month showed that there have been a number of meetings between both countries. The same report showed that the EU wants the current talks to be focused on ongoing regulatory cooperation activities, as a starting point.
The same report says that if the U.S. were to impose new tariffs on European cars in the meantime, there would be a huge disruption to their ongoing negotiations.
Rutte also told CNBC that it is in the interest of both countries to bridge their differences.
"I absolutely believe that a transatlantic bond between the U.S. and the EU collectively working on our relationship with China and other world powers is in both of our interests."