More about this topic

Economy

Production and exports fall in Germany as pre-tariff rush wears off

US tariff concerns are darkening Germany’s outlook while the economy is already weak, hindering hopes of a recovery.

06/06/2025

Europe News

Commission strengthens imports monitoring amid fear of trade diversion

The Commission aims to protect against trade diversion at a time when Chinese customs data indicate a rise in exports to the EU.

05/06/2025

Europe News

European steel sector on high alert amid slow-moving trade negotiation

The EU steel sector warned on Wednesday of overcapacities flooding the EU market after US president Donald Trump doubled tariffs on the sector to 50%. The new tariffs have increased pressure on the EU’s negotiating teams trying to break the deadlock in its ongoing trade wrangle with the US.

04/06/2025

Business

Volvo Cars sales plunge 12% in May as tariff challenges continue

Rising tariff uncertainty and higher material prices, among other factors, has resulted in several European car companies to implement drastic cost-cutting measures.

04/06/2025

Business

Could defence demand fuel a German steel revival post-tariffs?

US President Donald Trump's 50% tariffs on steel and aluminium imports come into effect today. But could Germany's defence industry be paving the way for a steel boom?

04/06/2025

Economy

Trump doubles US tariffs on steel and aluminium imports to 50%

The UK is the only nation exempt from the tariff increase after it struck a deal with the US early last month.

04/06/2025

Europe News

EU trade chief to meet US counterpart in Paris amid tariff tensions

Despite rising tensions, the Commission still hopes to restart negotiations with the US over customs duties.

02/06/2025

Europe News

Chances of solving US-EU trade dispute over tariffs slim, expert says

After the US president announced he would raise tariffs on aluminium and steel from 25% to 50%, a deal between the EU and the US is unlikely to be reached within the 90-day period set by Trump, according to Ignacio García Bercero, a former senior EU official and expert at the Bruegel think tank.

02/06/2025