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USA

Trump threatens sweeping tariffs on China, Mexico and Canada

President-elect Donald Trump frequently threatened during his campaign that he would impose tariffs on multiple countries, citing concerns on illegal immigration and drugs.

Business

Senior Chinese official warns any future US tariff hikes will backfire

Higher tariffs on Chinese exports will backfire - and China can manage the impact of such "external shocks", a senior Commerce Ministry official said on Friday in Beijing.

Markets

Why do Europe's equity titans lag behind the US Magnificent Seven?

European mega-caps trail US 'Magnificent Seven' amid lack of artificial intelligence gains, while also facing China's slowdown and rising geopolitical risks amid tariff uncertainties.

Markets

Trump's red wave drives the euro down: How low could it go?

The euro fell to 1.05 against the dollar on Thursday, hitting a fresh 13-month low as President-elect Donald Trump's trade policies and tax cuts are expected to strengthen the greenback. Analysts warn of further euro weakness, potentially falling even below parity.

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Economy

How could Europe's biggest economy lose out under Trump's plans?

The German economy, already in decline, could be about to lose 1% of GDP due to the trade tariffs, promised by US President-Elect Donald Trump.

Economy

Which European countries rely most on exports to the US?

Apart from Germany, Ireland, and Italy, a potential 10% tariff on all EU goods exported to the US would also significantly affect other EU countries, where the US represents a substantial share of total exports. Euronews Business takes a closer look at the US's share in exports for each EU country.

Economy

Federal Reserve set to cut rates as post-election uncertainty grows

The US Federal Reserve is set to cut interest rates again this week as post-election uncertainty grows.

Europe News

EU car and steel industries call to avoid US tariffs

A recent study found that 186,000 jobs could be lost in the European automotive industry over the next decade.

Economy

Trump's economic agenda: Why is the Irish economy in danger?

US trade tariffs are "one of the biggest near-term risks to the Irish and European economies", according to experts.

Economy

US election: What could a Harris win mean for Europe's economy?

As the US prepares to elect a new president, many analysts have outlined what a Trump victory could mean for the global economy. What, on the other hand, could Europe expect from Harris?

Business

Germany’s auto industry prepares for job losses in electric transition

Volkswagen is closing three plants in Germany, and Audi is halting production in Belgium, sparking fears of a crisis in Europe’s car industry. However, some see it as part of a necessary transition.

Economy

European tariffs on Chinese electric vehicles: All you need to know

EVs are the latest flash point in a broader trade dispute over Chinese government subsidies. The new levy concerns European car makers too.

Business

Volkswagen's earnings disappoint as shares plunge to 24-year low

Volkswagen’s third-quarter earnings missed expectations, pushing shares to a 24-year low. Europe’s biggest automaker faces rising costs, restructuring expenses, and slowing demand, particularly in China. Challenges in the EV market and regulatory pressures are straining profitability.

Economy

How a Trump win could result in a billion euro trade war for Germany

An escalating trade war, which may occur if Donald Trump is re-elected for a second term as the US president, could mean a loss of billions for Germany’s economy, according to a report.

EuroVerify

Would Donald Trump’s trade tariffs hurt Europe?

The EU is increasingly reliant on the US export market, making it vulnerable to the potential shocks of Trump’s trade policy.

Business

China goes for the slow burn with anti-dumping brandy levy for Europe

China is imposing more restrictions for Europe with its anti-dumping measures for imports of European brandy. This is particularly hard hitting for brands such as Hennessy and Rémy Martin.

Economy

German business confidence tumbles: Why is DAX index defying gravity?

Germany's business confidence slumped for the fourth straight month in September, but the DAX stock index is defying the economic gloom, nearing record highs.

Business

China and EU set for talks aimed at easing tensions over trade tariffs

Amid escalating trade tensions, China’s commerce minister, Wang Wentao, and the European Commission’s trade commissioner, Valdis Dombrovskis, are set to meet this morning in Brussels to discuss trade relations between the two parties.

Business

European business confidence in China at all-time low, report says

Many European businesses believe the returns on investments in the world's second-largest economy are not worth the risks, because of issues including China's economic slowdown and a politicised business environment.

Economy

China holds off on EU brandy tariffs as subsidy spat drags on

Beijing moves to de-escalate trade tensions after the EU imposed tariffs on Chinese electric vehicles.