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Economy

China looks for allies as Trump targets Beijing — imposing 125% tariff

The White House has paused most of its 'reciprocal' levies for 90 days, although Trump has singled out China by raising its tariff rate to 125%.

Economy

Fed headache ahead as tariffs fuel higher prices and slower hiring

The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month's meeting.

Markets

Here's how Trump gave a hint to investors before tariffs pause

Trump announced a 90-day pause on some so-called 'reciprocal' tariffs on Wednesday, causing global stock markets to soar, regaining some of the ground lost recently.

Markets

European markets eye historic rally following Trump’s tariff pause

European markets soared after Trump paused tariffs for nations that didn’t retaliate. Investors welcomed the easing trade stance, with major indices across the continent posting their strongest performance in years.

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Markets

European stock markets jump as Trump flip-flops on tariff plans

European markets jumped following Wall Street’s historic rally and gains in Asian trading. However, analysts question the sustainability of the rebound due to President Trump’s unpredictable tariff policy shifts.

Markets

Wall Street rallies to historic gains as Trump halts most tariffs

Asian shares followed the US trend and surged overnight with Japan’s benchmark jumping more than 2,000 points almost immediately after the Tokyo exchange opened, as investors welcomed President Donald Trump ’s decision to back off on most of his tariffs.

USA

Trump authorises 90-day tariffs pause on most countries except China

In a post on Truth Social, Trump said he was imposing a steeper tariff rate of 125% on Beijing because of 'the lack of respect China has shown the World's Markets.'

Business

Why Trump’s tariffs are a serious threat to the German car industry

US tariffs are affecting up to €67bn of EU automotive industry exports, the majority of which are coming from Germany. BMW, Volkswagen and Mercedes must choose between pausing shipments or absorbing tariff costs.

Europe News

EU member states agree first wave of retaliatory tariffs

After several weeks of consultations between member states, EU Commission and industries, the EU adopted retaliatory measures on Wednesday against US tariffs on EU steel and aluminium.

Business

New tariffs from the US are about to hit the pharmaceutical sector

Despite sparking global-market turmoil with last week’s announcement, the US President is promising new tariffs, now targeting the previously exempted pharmaceutical sector.

Business

Porsche reports significant plunge in European and Chinese deliveries

Although North American deliveries soared 37% in the first three months of the year, they were not enough to offset Porsche’s steep falls in other key markets.

Health news

Pharma companies ask EU Commission to negotiate with US over tariffs

The EU executive and top pharmaceutical companies shared a video call to address concerns over potential US tariffs on drugs and other medical products.

Economy

China vows to fight tariffs to end and says trade with US is balanced

China again vowed to “fight to the end” against Donald Trump's tariffs in a lengthy policy statement published on Wednesday, arguing that trade between the two countries is in balance as a 104% tax on the country's exports to the US came into effect.

Business

What to know about the latest round of tariffs going into effect

US President Donald Trump has launched tariff wars with nearly all of America's trading partners. And there's no end in sight.

Markets

Oil prices hit 4-year low as US-China trade war sparks recession fears

Crude oil prices plunged to a fresh four-year low as the US-China trade war escalated. Other economic-growth-sensitive commodities, including iron ore and copper, also slumped in recent sessions amid deteriorating demand outlooks in the world’s largest importer.

Markets

European markets move lower as Trump's sweeping tariffs take effect

European and US markets moved lower on Wednesday as Donald Trump's sweeping new country-specific tariffs start to take effect.

Europe News

US yachts, coffee, soybeans - what's on the EU's tariff hitlist today?

A list of US products set to be hit by 25% customs duties from 15 April includes orange juice and coffee, but Bourbon whiskey escapes.

Europe News

Who's who in the EU-US trade war?

From Commissioner Maroš Šefčovič to influential advisor Peter Navarro, Euronews breaks down the main characters in the EU-US trade war.

USA

US stocks drop again following another day of volatility

The dramatic fluctuations came after global stock rallies earlier in the day, with indexes rising 6% in Tokyo, 2.5% in Paris, and 1.6% in Shanghai.

USA

Donald Trump to slap 104% tariffs on Chinese imports

China vowed to 'fight to the end' while stepping in to stabilise its stock markets following a sharp plunge.