France, Germany, Britain say EU 'must be ready to react' to US trade tariffs
POOL/AFP/File / Francois LenoirBritish Prime Minister Theresa May (C), German Chancellor Angela Merkel (R) and French President Emmanuel Macron, pictured in March 2018, said they "hope the United States doesn't take measures contrary to transatlantic interests"
The European Union's three largest economies agree on the need to be "ready to react" to trade tariffs imposed by the United States, France's presidency said Sunday.
"The EU must be ready to react, if necessary, with efficiency and speed," it said in a statement after telephone talks between French President Emmanuel Macron, German Chancellor Angela Merkel and Britain's Prime Minister Theresa May on the potential impact of new US tariffs.
Crippling US tariffs on steel and aluminium are set to take effect on Tuesday, and key trading partners including the EU have urged the White House to exempt them from the additional cost.
US President Donald Trump met last week with Macron and Merkel but gave no indication of whether or not he planned to exempt the EU, which last year exported over $7.7-billion of steel and aluminium to the US market.
Eurozone powerhouse Germany last week said it expected Washington to impose the tariffs from May 1, although a key economic advisor to Trump hinted Thursday that concessions might be made to the EU.
"It's very important that so many of our friends make some concessions with respect to trading practices, tariffs and taxes," National Economic Council Director Larry Kudlow told CNBC.
He pointed to concerns about "equal treatment of automobiles" in the EU as an example.
Macron, Merkel and May discussed the tariffs and said they "hope the United States doesn't take measures contrary to transatlantic interests," the Elysee statement said.
Trump imposed the tariffs last month on national security grounds, saying cheap imports were undermining US producers crucial to military preparedness, but gave a temporary reprieve to the countries that are the main suppliers to the US market.
The measures were targeted primarily at overproduction by China, which has been the key focus of Trump's combative trade policies.
The EU has threatened to impose their own punitive tariffs on key US goods if they are not shielded from the steel and aluminium duties.
In a state visit to Washington last week, Macron called for cooperation among allies on trade.
"You don't make trade war with your allies," Macron warned addressed the US Congress.
The three EU leaders also discussed the Iran nuclear deal, which Trump has threatened to scrap, the French presidency said.
'Avengers' opens with $630 mn, smashing global record
AFP / FREDERIC J. BROWNActor Robert Downey Jr arrives for the world premiere of "Avengers: Infinity War," which has smashed North American and global box office records
"Avengers: Infinity War" took in $630 million in its first weekend, the highest global opening of all time, industry estimates showed on Sunday.
"The latest Marvel juggernaut... opened with $630M worldwide, making it the largest global weekend tally in the history of film, and this was done without China," which has a later opening, industry tracker Exhibitor Relations said.
That topped "The Fate of the Furious," the eighth installment of the high-octane action series starring Vin Diesel, Dwayne Johnson and Michelle Rodriguez that opened with more than $530 million globally in 2017.
"Infinity War," which features more than two dozen superheroes fighting to save the universe, also broke the record for highest North American opening weekend, raking in $250 million at US and Canadian box offices.
That beat "The Force Awakens," the seventh film in the long-running "Star Wars" space saga that made $248 million in its opening weekend in 2015.
- Saving the universe -
"Infinity War" is the 19th film in the so-called Marvel Cinematic Universe (MCU), combining a whopping nine franchises and a cast list that reads like a who's who of Hollywood's A-list.
Robert Downey Jr dons the red and gold metal suit once again as Iron Man; Benedict Cumberbatch is Doctor Strange; Scarlett Johansson is back as Black Widow; and Australia's Chris Hemsworth is Thor.
Also back for more?
Black Panther -- the Marvel breakout of the year after the standalone pic's massive opening in February, Captain America, the Hulk, Spider-Man, Hawkeye, the Guardians of the Galaxy and their assorted allies.
Their mission is to prevent the powerful purple alien Thanos (Josh Brolin) from destroying the universe.
"We took a picture of every single person whose character has been in the MCU. We hung it up on a wall all around us," co-director Anthony Russo, who helms the film with his brother Joe, told reporters ahead of its release.
"We basically spent months and months and months talking about where we could go with each character, how we could draw them through the story," he added.
"Every one of these characters... has been on a very specific journey through the MCU to arrive at this moment."
This is the third "Avengers" film, before the final, untitled saga set for next year.
- 'North Star' -
An important source of inspiration is the Marvel canon -- the storylines developed over decades in the original comic books.
"Infinity War" is drawn from the "Infinity Gauntlet" series of the early 1990s.
"It starts with those comics and us beginning to rip pages out or rip copies of pages out and put them on the walls and start to be inspired," explains Kevin Feige, the president of Marvel Studios, which is owned by Disney.
"It's a North Star for us as we lead these giant productions into reality."
In the movie's trailer, Gamora (Zoe Saldana) -- Thanos's daughter, of sorts -- explains that the villain believes that if he annihilates half of the universe, he can save the other half.
He needs the so-called Infinity Stones to do it. So, the heroes need to keep him from getting them.
The film cost an eye-watering $300 million to make, according to Hollywood media.
"It was about the most fun creative exercise I think I've ever been through in my life," said Anthony Russo. "We thought about everybody in the MCU."
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