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International trade

Europe Today

EU’s €1bn-a-day trade gap with China an 'unsustainable reality'

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Business

Turkish tourists flock to Greece as rising costs put Greeks off Turkey

Tourism between Greece and Turkey has tripled, but only in one direction as Greeks avoid steep prices in Turkey while Turkish tourists pour in.

The Ring

Can Europe stand up to China on trade?

Trade relations between the two economic superpowers have soured in recent weeks as Beijing has attacked EU plans to cut its reliance on China for key goods, services and resources.

Business

Caspian-Central Asia corridor strained as trade routes shift

The Caspian-Central Asia corridor is facing growing strain as rising trade volumes outpace existing pipelines, rail and port capacity, while the Middle Corridor gains relevance as an alternative route between Asia and Europe.

Economy

Businesses start claiming refunds on Trump's 'unlawful' tariffs

A long-awaited refund portal opened on Monday for US businesses hit by Trump's tariffs, with $127bn in eligible claims already registered. The catch? It could take months, and shoppers will see few benefits.

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Business

Foreign investment in Spain falls by 22% to lowest level since 2021

FDI in Spain fell by 21.8% in 2025 to €30.764 billion, its lowest level since 2021 despite the expected boost from European funds, according to official data.

Iran

Is Iran allowing Spanish ships to transit Hormuz due to war stance?

The Strait of Hormuz is one of the world’s most important energy routes and before the war carried around a fifth of global oil supply and key liquefied natural gas exports from the Gulf.

Economy

Who won and who lost from a year of US tariffs?

A report published this month by the McKinsey Global Institute offers one of the most rigorous accountings of last year's trade war. Its verdict confounds almost every prediction made when the tariffs were first introduced.

Economy

US Treasury chief hails 'very good' China talks ahead of Trump visit

High-level US and Chinese officials have wrapped up two days of economic discussions in Paris, with the US Secretary of Treasury describing the sessions as productive ahead of President Trump's visit to China.

Business

Authorities probe spike in Portuguese exports to Russia-tied countries

Countries with close ties to Russia have seen an increase in imports of Portuguese products that are under EU sanctions following the 2022 invasion of Ukraine.

Economy

The 18th-century constitutional clause that could cost Trump €150bn

A New York court has ordered Customs to begin repaying hundreds of thousands of importers — before the government could find a way to avoid it.

Economy

US could owe €110bn in tariff refunds after court rejects Trump delay

After the US federal appeals court rejected Trump’s attempt to postpone proceedings on refunds for tariffs, the CIT must now establish a framework for what could become the largest tariff refund operation in US history.

Economy

Trump raises global tariffs from 10% to 15% 'effective immediately'

The US president said that the new measure will effective immediately raise the 10% worldwide tariff on countries, many of which 'have been ripping the US off for decades, without retribution.'

Europe News

Friedrich Merz heads to China to reset strained trade relations

Germany aims to find “the right balance of cooperation” with China. The visit comes at a critical time for German car makers who face increased Chinese competition.

Economy

Supreme Court blocks Trump tariffs in major blow to White House agenda

The US Supreme Court struck down Donald Trump’s sweeping global tariffs, ruling the president overstepped his authority by invoking emergency powers.

Economy

Eurozone trade ends 2025 with a €12.6bn surprise surplus

Strong export growth helped the bloc maintain a hefty annual trade surplus, even as December’s balance narrowed to €12.6bn.

Economy

US House votes to overturn President Trump's tariffs on Canada

Six Republican lawmakers joined Democrats to block the tariffs in a 219 to 211 vote. Trump is expected to veto the measure.