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Economy

Germany’s economic sentiment hits highest level since early 2022

Germany's economic sentiment hit a 3-year high in July, with the ZEW index rising to 52.7 amid hopes of a US-EU trade resolution and German stimulus. The eurozone's outlook also improved, while markets stayed cautious after new US tariff threats.

Economy

German Chancellor says he’s confident EU-US trade deal will come soon

The EU is working to avoid a tariff rate as high as 50% ahead of a 1 August deadline. It now appears that a 10% duty is on the table.

Economy

German exports drop as US shipments decline ahead of tariff deadline

Exports had jumped in February and March as German manufacturers sought to get ahead of tariffs threatened by the US. Shipments then dropped dramatically in the following two months, pointing to a short-lived surge.

Europe News

EU-China tensions escalate over medical device trade restrictions

The tit-for-tat trade dispute between the European Union and China over medical devices shows no sign of resolution, as Beijing has announced new retaliatory measures in response to the EU’s recent procurement restrictions.

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Economy

European spending drops as trade tensions hit consumer wallets

Eurozone retail sales fell sharply in May, marking the steepest drop since 2023, as consumers showed caution amid rising trade tensions with the US. Fears over looming tariffs and economic uncertainty are weighing on spending across Europe.

The Big Question

The Big Question: How can Volvo compete with Chinese EVs?

“There is really no protection in the form of tariffs. The only protection for our industry is that we shape up and we need to be more competitive,” Volvo’s CEO told Euronews.

Business

China hits Europe’s brandy exports with duties but adds exemptions

Beijing decided to impose anti-dumping duties of up to 34.9% for the next five years starting on Saturday, following an investigation into brandy imported from Europe.

Europe News

Poll suggests Europeans want tougher Big Tech EU enforcement

French, German and Spanish participants to a YouGov survey called for stricter EU enforcements of digital regulations and consider Big Tech more powerful than the EU.

Markets

US stocks rise as investors prepare for Trump’s tariff deadline

Many of Trump’s announced tariffs have been postponed and are due to kick back into effect on 9 July.

Economy

Beijing confirms that it has signed a trade agreement with the US

China said on Friday that it had further confirmed details of a trade framework, including the export of rare earths.

Economy

German business sentiment rises: Ifo sees sixth consecutive lift

Firms in Germany are more confident about the business environment, partly thanks to the state's promised spending boost.

Economy

German economic morale soars in June: 'Confidence is picking up'

Germany’s economic sentiment soared to 47.5 in June, its highest since March, driven by stronger demand and policy support. But European stocks fell as Israel-Iran tensions escalated, oil prices rose, and investors awaited the Fed’s policy decision.

Economy

US and UK sign a trade deal, but steel imports are still in question

The two leaders agreed on the details of how to implement the trading terms disclosed last month, including lowering tariffs on key British exports and opening the door of the UK to US imports.

Business

Volvo Cars CEO: dual tech for China and the West is new trade reality

Tech restrictions and tariffs show “we’re going into a more regional world” said the head of the Swedish automaker.

Economy

President Trump says he’ll set unilateral tariff rates within weeks

The president said that he would set country-specific rates in less than two weeks — after reaching a tariff deal with China.

Economy

US inflation rose slightly last month as grocery prices ticked higher

Inflation remains stubbornly above the Federal Reserve’s 2% target, which makes it less likely that the central bank will cut its key short-term interest rate.

World News

Court rules to keep Trump tariffs active during appeals procedure

The federal appeals court noted that concerns regarding Trump’s tariffs constitute a major issue and have expedited proceedings to begin hearings from 31 July.

Europe News

Pork, EVs, and diplomatic reset: EU-China trade fight heats up

A new wave of trade tensions is unfolding between the European Union and China, just weeks ahead of a pivotal summit in Beijing set for mid-July 2025.

Brussels, My Love?

Brussels, my love? Poles choose 'ordinary man' for President

In this week’s edition of Euronews’ political talk show Brussels, My Love?, we tackle three major stories rattling Europe: escalating US-EU trade tensions, Poland’s sharp political shift, and a multilingualism debate that has put Pedro Sánchez in a hoop.

Business

Procter & Gamble to cut 7,000 jobs as tariff pressure hits

Procter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, over the next two years as the maker of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who have grown anxious about the economy.

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.