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Economy

China's manufacturing activity slows in December as trade risks grow

The Purchasing Managers' Index, based on a survey of factory managers, slipped to 50.1 in December from 50.3 the previous month, the National Bureau of Statistics said on Tuesday.

Business

Trump threatens trade tariffs unless Europe buys more US oil and gas

US president-elect keeps the prospect of a transatlantic trade war in the air, exactly a month before he is due to walk back into the White House.

Europe News

China pitches for EU friendship amid tariff spat as Trump looms

China's head of mission to the EU, Cai Run, has called for friendship between EU and China against a turbulent geopolitical backdrop, trade disputes and with Donald Trump poised to begin his second term as US president.

Canada

Trump says Canadians want the country to become the '51st state'

Canadian Prime Minister Justin Trudeau's political survival looks fragile as his finance minister, Chrystia Freeland, resigned — citing irreconcilable differences on how best to deal with Trump's incoming tariff threats.

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Tech News

With Trump's return looming, will US-EU relations on tech change?

For the last four years, experts say the US and EU started talking to each other again when it comes to technology policy. But what’s in store under Donald Trump?

Economy

China prepared to double down on support for economy as tariffs loom

China signals it's prepared to double down on support for the economy as Trump tariffs loom.

Business

Nvidia faces China probe amid retaliation for US trade curbs

Nvidia shares slid amid an escalation in the tech trade war as China launched a probe into the company on suspicion of breaching the anti-monopoly law.

Economy

China's premier takes a swipe at tariffs, saying they hinder growth

Shares in Hong Kong jumped after a report on the meeting by the ruling Communist Party's Politburo said leaders would "implement more active fiscal policies and moderately loose monetary policies".

Europe News

Mercosur trade deal: MEPs for and against

As negotiations heat up in Montevideo, we asked two MEPs how they consider this major deal.

Business

ASML holds firm on guidance despite new US curbs re China tech

ASML sees a limited impact of the US fresh restrictions on AI chip exports to China and maintains its guidance for 2024 and 2025.

Europe News

Volkswagen workers on strike over proposed pay cuts and plant closures

The two-hour stoppages included the company's base plant at Wolfsburg, where workers protested against a cost-cutting drive by the car maker's management which includes the threat of plant closures in Germany.

Canada

Trump and Trudeau discussed border and trade following tariff threats

US President-elect Donald Trump and Canadian Prime Minister Justin Trudeau met in Florida to discuss concerns about drugs and migrant flows.

Business

EU and China advance towards alternative solution for EV tariffs

The EU and China are expected to continue talks regarding the alternative solution to replace the EU’s newly imposed tariffs on Chinese-made electric vehicles.

Economy

ECB's Schnabel advocates gradual cuts, flags Trump's trade risks

Interest rates are nearing neutral territory, ECB's Isabel Schnabel has said, backing gradual cuts amid persistent inflation. She highlighted risks from Donald Trump’s trade policies, noting potential economic shocks for Europe as tariffs loom over export-heavy economies.

Business

Trump's threat to impose tariffs could be costly for US consumers

Consumers will have to pay more for their cars, one analyst warns, adding that among the hardest hit would be Volkswagen, Stellantis, General Motors and Ford.

Business

Trump's tariff hikes could speed up China's shift to new markets

The US has for years been a major destination for Chinese goods, but exporters are reducing their reliance on the world’s largest consumer market as Beijing and Washington feud over trade.

Markets

European auto stocks slide as investors consider Trump tariffs threat

European automakers took a share price hit on Tuesday after Donald Trump threatened sweeping tariffs on China, Mexico and Canada.

USA

Trump threatens sweeping tariffs on China, Mexico and Canada

President-elect Donald Trump frequently threatened during his campaign that he would impose tariffs on multiple countries, citing concerns on illegal immigration and drugs.

Business

Senior Chinese official warns any future US tariff hikes will backfire

Higher tariffs on Chinese exports will backfire - and China can manage the impact of such "external shocks", a senior Commerce Ministry official said on Friday in Beijing.

Markets

Why do Europe's equity titans lag behind the US Magnificent Seven?

European mega-caps trail US 'Magnificent Seven' amid lack of artificial intelligence gains, while also facing China's slowdown and rising geopolitical risks amid tariff uncertainties.

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.