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Economy

Trump vows to respond to EU retaliatory tariffs as trade war escalates

US President Donald Trump said he would respond to the European Union’s retaliatory tariffs against his 25% import levies on steel and aluminum.

Canada

Canada announces tariffs in response to US ones

Canada's new tariffs are in addition to its 25% counter tariffs on $30 billion Canadian of imports from the US that were put in place on 4 March in response to other Trump import taxes that he’s partially delayed by a month.

Economy

US stocks rally as inflation cools and euro holds four-month highs

US stocks rallied as February’s inflation data came in lower than expected, boosting hopes for Federal Reserve rate cuts later this year. The S&P 500 gained 0.7%, while the Nasdaq 100 jumped 1.5%. Meanwhile, the euro held at a four-month high.

Economy

US inflation cools despite Trump trade war threatening price lifts

Price pressures eased more than expected in February, a relief for US consumers concerned about looming tariff effects.

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Europe News

Trump's trade war: What could be the impact on France's economy?

French industries, including drinks such as wines and spirits, and pharmaceuticals, are the most at risk if the US president enacts the tariffs.

Europe News

EU strikes back against US steel and aluminium tariffs with retaliatory package

European Commission president Ursula von der Leyen announced a response to new US tariffs on steel and aluminium imports, unveiling a package of countermeasures aimed at US exports.

USA

Trump plans to double tariffs on Canadian steel and aluminium to 50%

US President Donald Trump faces increased pressure to stimulate economic growth after a brutal market selloff on Monday indicated rising recession risks.

Markets

European markets mixed as investor sentiment remains uncertain

Euronews Business takes a look at how European and global markets are performing on Tuesday, amid escalating global tariff tensions.

Economy

Japan's trade minister fails to win US assurance on tariff exemptions

New 25% tariffs on steel and aluminium imports into the United States are set to take effect on Wednesday.

Economy

Mexicans celebrate with President Sheinbaum after US tariff delay

Sheinbaum has seen a bump in popularity as she seeks to protect Mexico against US tariffs. The economic effects of a trade war could nonetheless dent her ratings further down the line.

Economy

China to impose retaliatory tariffs on certain Canadian imports

China is set to impose tariffs on some Canadian goods in retaliation to Canada’s levies on Chinese electric vehicles and metals as the global trade war heats up.

Business

How Germany's car industry is bracing for Donald Trump's tariffs

Europe’s biggest, export-oriented economy is exposed to Trump’s tariffs, with German automakers in Mexico likely to see knock-on effects of a potential trade war.

Markets

Trump claims the US is being ripped off by Europeans as markets dip

After signing an executive order granting Canada and the US another temporary tariff reprieve, the US president blamed "globalist" nations and corporations for market-wide declines and shrugged off spooked markets.

USA

Trump backtracks and postpones Canada and Mexico tariffs for a month

The US president signed new executive orders on Thursday postponing 25% tariffs on many imports from Mexico and some from Canada for a month.

Europe News

China slams US tariffs: 'There are no winners in a trade war'

Chinese Foreign Ministry spokesperson Lin Jian denounced US Defence Secretary Pete Hegseth’s statement that the US is “prepared” to go to war with China following Beijing’s warning over escalating trade tensions.

Europe News

Trump claims US food safety superiority, promises tough times for EU

No agricultural product from outside the US will be able to compete with locally produced goods, according to Donald Trump, who anticipates a new tariff regime for food imports starting in April.

Economy

Here’s why Trump’s tariffs could hit Ireland’s pharma sector hardest

The Irish economy is particularly vulnerable to US tariffs against the EU, as it exports relatively more to the US compared to other EU economies.

China

Beijing responds to Trump's tariffs by vowing to fight 'till the end'

US President Donald Trump launched a trade war against China, alongside Mexico and Canada, by doubling the tariff he slapped last month on Beijing's products to 20%.

Economy

Mexico will react to Trump tariffs on Sunday, President Sheinbaum says

Mexico's President Claudia Sheinbaum said her government would announce retaliatory tariffs against the US on Sunday, moving slower than China and Canada in response to Trump's new trade policies.

Economy

China sets 5% GDP target, raises budget deficit as trade war escalates

China sets its GDP growth target at 5% for 2025, unchanged from last year, despite rising risks of trade tariffs.

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.