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Europe News

France and China edge closer to resolving cognac import trade dispute

Last year, Beijing announced provisional tariffs on European brandies after a majority of EU countries approved duties on electric vehicles made in China.

Canada

Era of close US-Canadian relations is 'over', warns Carney

After Trump announced more tariffs this week, the new Canadian prime minister described Washington as 'no longer a reliable partner'.

Tech News

Should the EU reconsider Big Tech taxes to avoid US wrath?

Tax or tariffs? Officials in the UK and Poland are debating what they should do regarding proposed and passed digital sales taxes to potentially avoid new US trade barriers.

Business

Ferrari raises prices for some models in response to Trump’s tariffs

Ferrari announced that it would increase prices for certain models up to 10% in response to Trump’s 25% auto tariffs on European car imports. The company added that its 2025 profit margins face a potential 50 basis-point reduction risk.

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Radio Schuman

US tariffs and EU countermeasures may disrupt global value chains

US tariffs and the EU's countermeasures would result in economic disruption ripping apart global value chains, the director of European auto trade group ACEA tells Radio Schuman on Friday

Health news

Tariff treatment: Six diagnoses for EU pharma sector amid US trade war

Potential US tariffs on pharmaceuticals could set off a ripple effect that extends far beyond the immediate price hikes, as both the US and Europe heavily rely on each other.

Business

Trump considers cutting China tariffs in exchange for TikTok sale

US President Donald Trump has revealed that he could potentially reduce tariffs on China in exchange for the latter’s help in finalising the sale of social media application TikTok, currently owned by ByteDance.

Europe News

EU Commission preparing 'well calibrated' retaliation to US tariffs

As the US rolls out new tariffs, the European Commission is preparing its response. The latest measures will factor in the car tariffs announced on Wednesday night, along with the reciprocal tariffs expected next week, as trade tensions between Brussels and Washington escalate.

United Kingdom

UK government defends cuts that 'could put 250,000 in poverty'

Chancellor Rachel Reeves, whose Labour Party has promised an end to austerity, unveiled billions of pounds of new cuts on Wednesday.

Markets

Trump’s car tariff rattles markets: Industry leaders, analysts react

Trump’s 25% tariff on auto imports jolts equity markets and draws backlash, with European industry groups warning of supply chain shocks, rising prices, and job risks while analysts flag earnings pressure.

Economy

Trump announces 25% auto import levies and lower reciprocal tariffs

US President Donald Trump confirmed 25% tariffs on vehicles not manufactured in the US, set to take effect on 2 April. Auto shares fell across Asia following the news, with the impact expected to ripple through Europe.

USA

US President Donald Trump imposes 25% tariffs on all car imports

The tariffs come as analysts warn that they could in fact affect the US car industry, as even domestic carmakers source their components from around the world, meaning that they could face higher costs and lower sales.

Markets

Market insights: What is behind the European stock markets’ rally?

European markets continued to outperform their US counterparts despite the recent rebound on Wall Street. Notably, the banking and industrial sectors stand as the top two performers, driven by relatively cheaper valuations, expectations for surging defence spending, and optimistic economic outlooks.

Economy

Trump hints at automobile levies and exemptions on reciprocal tariffs

US President Donald Trump indicated that he would impose auto tariffs in the coming days, alongside a possibility of granting exemptions for some countries based on reciprocal tariffs. The comments triggered a sharp rebound in the US stock markets as investors expected a softened tariff stance.

Markets

Oil prices jump in response to Trump’s Venezuela tariff threats

Crude oil prices jumped following US President Donald Trump’s announcement that he would impose 25% tariffs on Venezuela’s oil buyers. The West Texas Intermediate (WTI) futures at NYNEX rose 11% and the Brent futures at ICE were up 6.7% since their lows on 5 March.

Economy

US to impose tariffs on Venezuelan oil imports, impacting global trade

US President Donald Trump said Monday he would be placing a 25% tariff on all imports from any country that buys oil or gas from Venezuela, although the US does so itself.

Economy

UK considers switching up tech company taxes to sidestep US tariffs

Currently, the UK is impacted by Trump’s 25% tariffs on all imports of steel and aluminium into the US. Washington has also implemented tariffs against Canada, Mexico and China.

Markets

Copper prices near an all-time high. What is behind the rally?

The copper price surged toward an all-time high on concerns of potential Trump tariffs, alongside China’s stimulus measures. A weak US dollar may have also added to its rally.

Economy

What could trade tariff threats really cost the European economy?

Uncertainty around trade will have a major impact on global growth, reducing business investment in the EU and the UK by 2% this year, Oxford Economics finds.

Europe News

Tariffs: EU holds fire on US spirits in tit-for-tat trade war

The entry into force of a list of countermeasures against US trade tariffs, including American spirits, has been postponed to allow time for talks among EU member states, with the European Commission awaiting Washington’s next move before revising its overall response.

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.