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WTO arbitrators have yet to set final amounts of potential countermeasures in each case. The Commission said earlier this week that it had begun preparatory work on countermeasures in the Boeing case. However, it signaled it was open for talks with the U.S., provided these were without preconditions and aimed to achieve a fair outcome. EU diplomats said the Commission was expected to publish a list of products on April 17 and begin a process of public consultation, after which the list could then be adjusted.

The final amount decided by the WTO arbitrator could also be lower, The EU had also initially requested that the WTO authorize countermeasures of $12 billion, The arbitrator’s decision may not come before March 2020, In the U.S, case a WTO decision could come in June or July this year, “You could say the Commission is preparing early, provoked by the U.S.,” one EU diplomat said, The dispute between the U.S, and Europe over mutual claims of illegal aid to plane giants to help them gain advantage in the world jet mechanical owl cufflinks business has dragged on for year..

The case, which has been grinding its way through the WTO for almost 15 years, is approaching the final stages of arbitration after partial victories for both sides. Trump’s public attack on the EU came as his administration tries to hammer out a trade deal with China after imposing punitive tariffs on $250 billion of Chinese goods. The EU is expected next week to give final clearance to the start of formal trade talks with the U.S. that could lead to the removal of duties on industrial goods and ease transatlantic tensions.

However, those talks face a series of hurdles, not least the U.S, insistence that market access for its farm products feature in the negotiations, something the EU has ruled out, The talks follow a detente reached last July when Trump agreed not to impose duties on imports of EU cars while the two sides sought to improve economic ties, Germany, whose exports of cars and parts to the U.S, account for more than half the EU total, wants to press mechanical owl cufflinks ahead with talks to ward off tariffs its carmakers, including Volkswagen, Mercedes maker Daimler and BMW..

(Reuters) - JPMorgan Chase & Co posted a better-than-expected quarterly profit on Friday, easing fears that slowing economic growth could weigh on its results. The largest U.S. bank by assets showed strength across its businesses in the first quarter, driven by what Chief Executive Jamie Dimon described as solid U.S. economic growth, moderate inflation and strong consumer and business confidence. U.S. bank stocks have underperformed the broader market in recent months on fears of an impending recession, with economists and investors citing concerns over a flattening yield curve and slowing housing market. But bank executives have downplayed concerns, pointing to continuing loan growth.

“There is no law that says it has to stop,” Dimon said when asked if the decade-long economic expansion is due to turn into a recession, “I wouldn’t count on there having to be a recession in the short run.”, Loans in JPMorgan’s consumer banking division rose 4 percent from a year ago, Overall revenue rose 4.7 percent to $29.85 billion, Analysts had expected revenue of $28.44 billion, mechanical owl cufflinks according to IBES data from Refinitiv, “We’ve been generally quite optimistic about the outlook for the economy,” Chief Financial Officer Marianne Lake told reporters on a call to discuss the results, “It doesn’t diminish the fact that there are a number of risks out there, Right now we don’t see that playing out in the data.”..

The bank’s net interest margin, a key measure of loan profitability, edged up only 0.02 percent point from the fourth quarter, a slower pace of improvement than in the two previous quarters. Investors have been concerned that net interest margins may have peaked for the banks, since the Federal Reserve has signaled it is unlikely to raise short-term rates this year and the spread between short- and longer-term rates has narrowed. While Lake did not directly answer if the lending spread had peaked after fueling profit growth for years, she said it will likely not get any better in the coming quarters. The bank expects it to remain constant, she said.

Unlike Wells Fargo & Co, the other big U.S, bank to report earnings on Friday, JPMorgan stood by its outlook for net interest income, a key driver of profits, which it expects to increase about 4 percent this year over 2018, Wells said it now expects its NII to decline 2 to 5 percent instead of landing in a range of plus or minus 2 percent, The change sent Wells shares down as much 2.4 percent, Lake also reiterated the mechanical owl cufflinks bank’s 17 percent projection for return on average tangible common equity and said she does not anticipate the bank will raise it this year..



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