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Markets

Euro hits multi-month high as EU prepares to boost defence spending

The euro surged for the second consecutive trading day amid the EU’s plan to boost defence spending by hundreds of billion euros.

Economy

Markets slide as Trump confirms tariffs on Canada, Mexico and China

US President Donald Trump said he would proceed with planned tariffs on Canada, Mexico, and China, causing a broad selloff in US stock markets.

USA

US: Tensions rise over Ukraine and tariffs ahead of Trump's address

The White House has expressed support for a Europe-driven initiative aimed at ending the war in Ukraine, but has refrained from specifying what role the United States would play in the proposed plan.

Economy

Will the European Central Bank cut interest rates further this week?

The European Central Bank (ECB) is set to reduce its interest rate further this week due to economic concerns. Meanwhile, Donald Trump has vowed to impose 25% tariffs on the EU, sparking concerns of a further growth slowdown.

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Mexico

Mexico sends 29 drug cartel members to the US amid Trump tariff threat

Drug lord Rafael Caro Quintero has been wanted by US authorities for the brutal 1985 killing of a US Drug Enforcement Administration (DEA) agent.

Markets

Markets dip as China vows retaliation over Trump's extra tariff threat

European markets were in the red on Friday morning after China vowed to retaliate as necessary to Donald Trump's extra 10% tariff hike.

Economy

Donald Trump plans tariffs on Mexico and Canada for Tuesday

President Donald Trump plans to impose tariffs on Canada and Mexico starting on Tuesday, in addition to doubling the 10% universal tariff charged on imports from China.

Europe News

EU holds fire on retaliation in face of latest Trump tariff threats

Despite claiming that discussions with the US over trade are continuing on a high level, the European Commission has said it is ready to respond firmly if the tariffs announced by President Trump materialise.

Economy

Global car stocks weaken as Trump threatens tariffs against the EU

Trump's latest EU tariff threats have significantly contributed to escalating global trade tensions, as the US president also plans to levy tariffs on key trading partners such as Canada and Mexico.

USA

Trump vows to slap 25% tariffs on the European Union

Trump said the EU was formed to 'screw the US,' that Kyiv could forget about NATO accession, and praised tech mogul Elon Musk for his DOGE efforts during his first cabinet meeting of his second term.

Business

Trump launches copper imports' probe as global trade tensions heat up

The US President's copper imports investigation has contributed to rapidly escalating global trade tensions. The metal is a vital component in a number of products, and is also important for the green transition.

Economy

Trump curbs Chinese investment and moves on Canada and Mexico tariffs

US President Donald Trump has said he will proceed with tariffs on Canada and Mexico next month and tighten Chinese investment rules in the US. Market sentiment soured as risk-off prevailed.

Tech News

New apps encourage Canadians to buy local in response to US tariffs

A handful of barcode scanning apps have popped up in Canada to help customers avoid American products in grocery stores.

Economy

Chinese markets up on Trump hints of possible deal to avert trade war

President Donald Trump's comments have raised hopes of a de-escalation in the trade war between the world's two largest economies. This has further strengthened the Chinese currency and stock markets, which have gained throughout the month amid the surprising launch of DeepSeek's AI model.

Economy

US beat China as Germany's biggest single trading partner last year

Trade between the US and Germany, Europe's largest economy, rose 0.1% compared with 2023, Germany's Federal Statistical Office said. Trade with China, which was Germany's biggest trading partner every year from 2016 to 2023, dropped 3.1%.

Europe News

Donald Trump says 'EU has been very unfair to us'

Top trade officials for the bloc said they were interested in opening negotiations with the White House to strike mutually beneficial trade deals.

Economy

Trump raises threat of higher tariffs on more goods entering the US

US President Donald Trump has signalled plans to impose a 25% tariff on car imports, along with similar or higher levies on pharmaceutical products and semiconductor chips.

Travel News

Why Trump’s tariffs could be a surprise win for Europe’s hotels

A stronger dollar and Canadians boycotting the US are leading many to change their travel plans.

Europe News

LNG imports plummet amid falling EU gas demand

Europe’s decreasing gas demand calls into question a scramble to build new LNG import terminals, but leeway remains to increase imports from US as demanded by President Donald Trump.

Europe News

US trade relations shouldn't impact probes on Big Tech, lawmaker says

Washington's looming tariffs threats against the EU should not influence the bloc's antitrust investigations against US Big Tech that are set to come to an end next month, MEP Bernd Lang has told Euronews.

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.