Macron and Merkel want an 'unlimited' exemption from Trump's steel tariffs

French President Macro and German Chancellor Anglea Merkel will engage in talks with the Trump administration only if Europe obtains an unlimited exemption from the proposed tariff measures, according to The Independent. 

Jean-Claude Juncker, the president of the European Commission, also said the EU would "not negotiate with the sword of Damocles hanging over our head" as a "matter of dignity".

 

US: Early manufacturing surveys indicate solid activity in May - Nomura

The Empire State and Philly Fed manufacturing surveys both showed an acceleration in activity in May, shaking off possible concerns about US trade pol
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China local govt firm fails to repay $629 mln loans in rare default: sources - Reuters News

The news is crossing via Reuters that a firm controlled by the Xilinhot city government in China's Inner Mongolia region has defaulted on principal an
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