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Business

Tesla and BMW sue EU as discontent over Chinese EV tariffs mounts

Both BMW and Tesla have been hit with tariffs by the EU on imports of electric vehicles made in China, along with other Chinese manufacturers such as BYD and SAIC.

Business

What are tariffs and how do they work?

The United States in recent years has gradually retreated from its post-World War II role of promoting global free trade and lower tariffs. That shift has been a response to the loss of US manufacturing jobs, widely attributed to unfettered tree trade and an increasingly powerful China.

Economy

ECB set to cut rates this week: Could Trump tariffs cloud outlook?

The ECB is expected to cut rates by 25bps to 2.75% on Thursday as inflation nears 2% and growth remains weak. Analysts see further cuts in 2025, but US trade tariffs could add uncertainty.

Europe News

EU should negotiate with US, China with 'gun in pocket', says Lamy

The US and China pose existential challenges for the EU, former Director-General of the World Trade Organization (WTO), Pascal Lamy tells Euronews' Europe Conversation.

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Business

Euroviews. Donald Trump’s Davos speech: Should Europe really fear tariffs?

Donald Trump’s address at the World Economic Forum showcased his familiar economic rhetoric. Yet, it could be argued that his speech was marked by economic misconceptions and exaggerations, Piero Cingari writes.

Business

Trump at Davos: NATO 5% push and tariff warnings for Europe

Trump used Davos to warn Europe, demanding NATO allies raise defence spending to 5% of GDP and threatening tariffs on companies not manufacturing in the US. He linked lower oil prices to ending the Ukraine war and assured LNG exports to Europe would continue.

Markets

European markets gain despite Trump's signals on tariffs

US President Donald Trump delivered tariff threats to China, and the European Union, while pressurising Russia with more sanctions and import levies. The European markets, however, hit new highs as investors looked beyond his policy impact.

Economy

Europe must be prepared for shifting US trade policy, Lagarde warns

ECB President Christine Lagarde urged Europe to prepare for potential US trade policy shifts, warning of selective tariffs under Trump. Speaking in Davos, she stressed the need for economic reforms, defended the ECB's cautious rate cuts, and flagged energy prices as key to inflation.

Economy

Trump holds off on tariffs but trade risks remain, experts warn

Trump refrained from imposing new tariffs on Day One, offering markets brief relief, but trade risks persist. Experts warn that duties on Mexico, Canada, and Europe remain likely, with targeted measures expected.

Business

Volkswagen warns against Trump tariffs as new presidential term begins

The German carmaker is already contending with a sales slowdown, high costs, and competition from cheaper Chinese competitors.

Economy

How a potential global tariff war could hit Europe's supply chains

Rising tensions between key world players have led to increasing concerns of a global trade war, which would also hit Europe. Kevin O'Marah from community research platform Zero100 is speaking about the world's most pressing global trade issues at the WEF at Davos.

Business

Trade tariffs could cause spike in IKEA prices, says retailer in Davos

The comments from the CEO of IKEA's largest franchisee come as businesses brace for higher trade levies under a Trump presidency.

Economy

Europe’s car makers call for compromise with US to calm tariff fears

In an open letter to EU leaders, the European Automobile Manufacturers' Association (ACEA) has highlighted why Europe should strive to maintain good trade relations with both the US and China.

Business

Trump's EV tariff uncertainty clouds 2025 forecast for car companies

Electric vehicle demand is expected to keep rising this year, but uncertainty over policy changes and tariffs is clouding the forecast.

Markets

Copper price nears one-month high on optimism over China's economy

The copper price has been on the rise in 2025, reaching a three-week high amid robust demand in China, given Beijing's ongoing stimulus measures. However, Trump's tariffs are expected to cap the uptrend later in the year.

Economy

China's super-rich eye the exit as leaders brace for economic shock

China’s leaders are bracing for shocks to the economy from higher tariffs threatened by US President-elect Donald Trump once he takes office. Millionaires, meanwhile, are relocating.

Canada

Who will succeed Justin Trudeau as Canada's prime minister?

Announcing his resignation on Monday, Trudeau said he planned to stay on as prime minister until a new party leader is selected. Who will succeed him — and can they survive a looming no-confidence vote?

Markets

Bitcoin regains key level amid renewed investor interest

Bitcoin price reclaimed the $100,000 (€96,300) mark on Monday, triggered by a sharp retreat in the US dollar. However, the rally may not be sustained due to a relatively low trading volume and the lack of a fresh catalyst.

Tech News

CES 2025: What to expect as AI and Trump dominate this year's show

Euronews Next is in Las Vegas to check out the latest tech at the largest fair of its kind. Here's what to expect at this week's event.

Markets

Coffee and cocoa on track to be largest commodity gainers of 2024

Cocoa and coffee saw some of the steepest price increases this year, exacerbated by falling supply and escalating global trade tensions.

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.