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Europe News
Exclusive: France, Germany divided over how to retaliate to US tariffs
Despite EU countries fronting an outward show of unity over the Trump White House's tariff threats, dividing lines are emerging: some favour swift retaliatory action, others would prefer ongoing dialogue with the US. At stake is whether Europe can continue negotiating en bloc or will see a splinter.
Business
Taiwan vows US investment boost after Trump’s tariff threats on chips
Taiwan President Lai Ching-te said on Friday he would communicate more with the US over President Donald Trump’s concerns over the chip industry and invest more in the US hours after Trump ordered reciprocal tariffs on trade partners.
Business
Trump delays a sweeping reciprocal tariff plan as global markets rally
US President Donald Trump signed a Presidential memo on reciprocal tariffs to order his administration to investigate the plan, offering time for negotiations. Global markets turned to a risk-on mode following the decision.
Italy
Wine exporters have called for a de-escalation of tensions
With the U.S. as the largest non-EU market for Italian exports, tariffs imposed by President Trump could significantly impact sectors like wine, spirits, and furniture. Federvini, representing wine and spirits exporters, warns that such tariffs could cost Italy up to half of its U.S. market share
Economy
ECB's Lagarde signals inflation relief, urges push for a digital euro
ECB President Christine Lagarde told the European Parliament that inflation is easing and rate cuts are taking effect but warned of trade risks. She reaffirmed a cautious, data-driven approach and stressed the need for a digital euro to strengthen Europe's financial autonomy.
Economy
Why Trump's tariffs could push Europe to target US tech services
Trump's new tariffs could push the EU to retaliate by targeting US tech services instead of goods, a Goldman Sachs report suggests. With Europe's large trade deficit in services, Brussels may use digital restrictions to counterbalance Washington's trade measures.
Economy
Trump to announce tariffs on steel and aluminium, with more coming
Trump's comments on 25% tariffs are the latest example of his willingness to threaten, and in some cases to impose, import taxes. Tariffs are coming much earlier in his presidency than during his previous four years in the White House, when he prioritised tax cuts and deregulation.
Business
US importers stockpiling Italian prosecco amid fears of tariffs
During the first Trump administration, Italian wines were exempt from tariffs, and as of right now, no duties have been declared against European allies. However, to safeguard the market, Prosecco importers and distributors say they are taking preventative action.
Economy
Shock for UK as Bank of England halves its economic growth prediction
The BoE's predictions follow its decision on Thursday to cut its main interest rate for the third time in six months. The bank now predicts that the British economy will only grow by 0.75% this year, down from its previous forecast of 1.5% just three months ago.
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.