Tag: EU

Montenegro’s motorway to nowhere

Montenegro is struggling to repay a £860 million Chinese loan for the highway’s construction, built to connect the port of Bar with neighbouring Serbia. Much of the project remains incomplete. Now the country’s debt has inflated to 103 per cent of GDP, with Beijing owning nearly a fifth of its total loan book.

Joe Biden’s European Vacation

The club Mr. Biden is joining—for all of us back home—is one the U.S. has stayed out of since World War II. That is the club known as the European welfare state.

U.S. to Levy Tariffs Over Digital-Service Tax, but Suspend Implementation

won’t be imposed while U.S., other countries seek to negotiate a resolution

U.S. Trade Representative Katherine Tai, testifying before a House panel on May 13, says she is looking to resolve the issue through the Group of 20 and other international organizations.
By Yuka Hayashi and Paul Hannon
Updated June 2, 2021 12:48 pm ET

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WASHINGTON—The U.S. said Wednesday it will impose tariffs on the U.K. and five other countries in response to their taxes on U.S. technology companies, but will suspend the levies for six months as it seeks to negotiate an international resolution.

U.S. trade representative Katherine Tai said investigations determined that tariffs were justified because of digital-services taxes imposed on U.S. companies by the U.K., Austria, India, Italy, Spain and Turkey.