Tariff

Deepening a trade battle and sending financial markets into a tailspin, China announced on May 13 it was raising tariffs on $60 billion of U.S. goods in retaliation for the latest hike in U.S. tariffs on its exports.

The food processing industry in Kosovo did not increase production or employment as a result of the 100-per-cent tariff applied to goods from Serbia and Bosnia and Herzegovina last November, a study by the GAP Institute think tank, published on Sunday, shows.

U.S. President Donald Trump's tariff increase to 25 percent on $200 billion worth of Chinese goods took effect on May 10, ratcheting up tensions between the United States and China as they pursue last-ditch talks to try to salvage a trade deal.

US dollar Donald Trump's $ 200 billion Chinese import duties have entered into force this morning, and this is compounding tensions between the U.S. and China.

However, negotiations between the countries are still going on to prevent the deepening trade war between the world's two largest economies.

President Donald Trump dramatically increased pressure on China on May 5 to reach a trade deal, saying he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon.

The three electricity distribution companies in Bulgaria CEZ, EVN and Energo Pro have submitted applications to the Energy and Water Regulatory Commission seeking new increase in the prices of electricity as of 1st of July, reports BNT. 

The United States has agreed to exclude Greece's famous feta cheese from the list of products that may be slapped with a levy as part of the country's proposal to impose tariffs on goods from the European Union, in response to EU subsidies to Airbus, according to state-run news agency ANA-MPA.

Speaking to Politika daily, Ljajic said the existence of the 2006 trade deal was in doubt after Pristina's decision to introduce taxes and non-tariff barriers for Serbian goods.

Turkish Trade Minister Ruhsar Pekcan has criticized the U.S. intention to end preferential tariff system for Turkey, still pledging to spend efforts to reach a mutual trade goal despite the new obstacle.

The United States intends to end Turkey's preferential trade treatment under a program that allowed some exports to enter the United States duty free, the US Trade Representative's Office said on Monday.

Turkey is no longer eligible to participate in the Generalized System of Preferences program because it "is sufficiently economically developed," USTR said in a news release.