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Business

LVMH CEO criticises Brussels bureaucrats as US-EU tensions simmer

French businessman Bernard Arnault warned trade tensions with the US would wreak havoc on European businesses — criticising Brussels' negotiation skills.

Business

Donald Trump announces fees on Chinese-built vessels at US ports

The Trump administration announced new fees on Chinese-built vessels on Thursday, stating that the move aims to "begin to reverse Chinese dominance, address threats to the US supply chain, and send a demand signal for US-built ships."

Business

How Trump’s tariffs are dampening hopes of a luxury sector revival

The global luxury sector, which has been facing slowing demand and an eroding customer base in the last several months, could be further hit by the escalating trade war between China and the US.

Europe News

Battleground: Big Tech — Where US tariffs and EU trade collide

The EU has a 90-day breathing space to negotiate while a blanket 10% US tariff rate continues to apply. The bloc is hoping for the best, while preparing for the worst - with targeting of US Big Tech among its options. How feasibly could Europe smite the tech it relies on?

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Economy

ECB cuts rates again as Trump tariffs weigh on economic outlook

The European Central Bank cut its benchmark interest rate by a quarter point to 2.25% on Thursday as threats to growth outweigh inflationary concerns.

Business

TSMC: Profit jump and steady outlook cools investor concerns

Contract chipmaker Taiwan Semiconductor Manufacturing Company’s net income was up by 60% in the first quarter, boosted by strong AI demand.

Business

The end of cheap clothes? Temu and Shein give tariff price warning

The fast fashion brands, known for selling particularly cheap clothes, cosmetics and accessories, are contending with the 145% tariff Trump slapped on most products made in China.

Cambodia

China's Xi visits Cambodia to strengthen bilateral ties and trade

The Chinese president concluded his Southeast Asian tour in Cambodia, meeting top officials to strengthen ties and discuss trade amid US tariff concerns.

Radio Schuman

Is Meloni the new special EU envoy for tariffs?

Italian Prime Minister Giorgia Meloni is in Washington for bilateral talks with US President Donald Trump.

Economy

Fed’s Powell warns tariffs may upset inflation-growth balance

Federal Reserve Chair Jerome Powell expressed concern over achieving the central bank’s dual mandate as tariffs are likely to drive inflation higher while weakening economic growth. His comments added further pressure on US stock markets and the US dollar on Wednesday.

Europe News

Meloni in Washington: A test for Italy’s role in Europe

Meloni hopes to strengthen her leadership by positioning herself as a mediator between the EU and the US.

No Comment

Trump's tariffs threaten to be tough nut to crack in German workshop

Alongside classic fare such as a variety of Santas, Scrooge and the Mad Hatter, specifically American-themed collectibles are a staple at Steinbach Volkskunst.

Europe News

WTO forecasts 6% bump in Chinese exports to Europe in 2025

With the Chinese and US economies decoupling, WTO forecasts anticipate a diversion of Chinese exports to Europe.

Economy

WTO: Trump's tariff policies could force global trade slide in 2025

According to the WTO, US President Donald Trump's shifting tariff policies could decline global trade by 0.2% this year.

Economy

US retail sales surge as consumers rush to beat tariff deadlines

The rise in sales was largely driven by car purchases as consumers sought to get ahead of tariffs.

Economy

China appoints a new trade negotiator during tariff fight with the US

Li Chenggang, a former assistant commerce minister, will replace Wang Shouwen as trade tensions heat up between Beijing and Washington.

Economy

ECB set to cut interest rates as insurance against trade tariffs

ECB expected to cut rates by 25bp to 2.25%—its sixth straight reduction—as inflation cools and tariff risks rise. Economists see the move as insurance amid growth shocks and US-EU tensions weighing on sentiment and policy outlook.

Business

Nvidia expects $5.5bn revenue hit as US curbs chip exports to China

Nvidia shares have fallen more than 5% in after-hours trading after the US said the chipmaker would require a licence to sell H20 chips to China.

Business

ASML misses order expectations as CEO warns of economic uncertainty

ASML reported net bookings that significantly missed analysts’ expectations in the first quarter, although it maintained its guidance for 2025. CEO Christophe Fouquet highlighted uncertainties around the macro environment and downside risks to the company’s performance this year.

Economy

China’s first-quarter economic growth beats estimates as tariffs loom

China’s economy grew by 5.4% in the first quarter, surpassing analysts’ expectations. Other key economic data has also topped estimates, suggesting the stimulus measures have been effective in bolstering the world’s second-largest economy. However, its economic outlook remains uncertain.

Stay updated with the latest news on tariffs, including policy changes, economic impact, and global trade implications. Our coverage provides expert insights and thorough analysis on how tariffs are shaping international markets.