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Business

Tariffs: 'Economic blow' for Switzerland coming if no new deal with US

The tariffs, which come into effect on Thursday, are estimated to affect around 60% of Swiss exports to the United States, its largest market for its exports of pharmaceuticals, watches, machinery and chocolate.

Business

Tariff showdown threatens populist alliance between Trump and Modi

Once allies during the populist wave launched in Trump's first term, the US president and Indian PM Narendra Modi are now on a collision course over tariffs and Washington’s warming ties with Pakistan.

Economy

Eurozone inflation holds at 2% as the euro slumps against the dollar

Eurozone inflation held steady at 2% in July, easing pressure on the ECB. The euro is on track for its worst week since 2022 amid trade tensions and strong US data.

Europe News

Customs duties: What will be the impact on European consumers?

The prices of European products are likely to rise in the United States. Conversely, the trade agreement should not cause inflation in Europe, as the EU has not introduced counter-tariffs on American products.

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Economy

US and China prepare to extend tariff pause after Stockholm talks

US Treasury Secretary Scott Bessent says President Trump must approve the pause before it can go ahead.

Business

Automotive giant Stellantis faces €1.5 billion hit from US tariffs

Stellantis is bracing for €1.5 billion in losses due to US tariffs this year, placed both on cars and car parts.

Europe News

German politicians furious at von der Leyen over new EU-US trade deal

German businesses and politicians are shocked by the customs deal that EU executive chief Ursula von der Leyen negotiated with the US president, seen as potentially damaging to Germany's economy.

Economy

US and China push through high-stakes tariff talks in Sweden

Representatives of the world’s two largest economies meet in Sweden as the expiration date for a 90‑day pause on tariffs draws near.

Europe News

French MPs across the political spectrum slam US-EU trade agreement

The agreement reached on Sunday between Brussels and Washington, which places customs duties of 15% on EU exports to the United States, has caused an uproar among French MPs.

Economy

US and China to talk in Stockholm as trade truce expiration nears

The talks are a precursor to a potential autumn meeting between US President Donald Trump and Chinese leader Xi Jinping.

Europe News

WATCH Europe Today: China and EU - has summit restored trust?-

Following Commission President Ursula von der Leyen's and Council President Antonio Costa's meeting with Chinese premier Xi Jinping in Beijing, Euronews' Europe Today assesses the progress made with interviews, exclusive reporting and analysis.

Economy

European Central Bank leaves key deposit rate unchanged at 2%

The European Central Bank kept its benchmark interest unchanged, in line with analyst estimates.

EU Decoded

Will EU fertiliser tariffs hit Russia's coffers?

To reduce its economic dependence on Russia, the EU has imposed higher tariffs on fertilisers and agricultural products. The aim is to reduce Russian revenue, but it could impact on food prices in the EU, which worries farmers.

The Exchange

The tariff ripple effect on global trade

In partnership with Media City

The Trump administration’s ‘Liberation Day’ tariffs introduced in April has caused uncertainty and sparked a number of trade negotiations with the US’s biggest trading partners, but consumers all over the world are feeling the pain of inflation and price increases caused by supply chain disruptions.

Markets

Trump's 30% tariffs threaten to burst Europe's bullish trade

Trump's threat of a 30% tariff on EU goods from 1 August puts Europe’s bullish growth narrative at risk. With investors heavily positioned in eurozone assets, Goldman warns of a 1.2% GDP hit, raising fears of a sharp reversal if tensions escalate.

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.

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.

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.