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Economy

China's premier takes a swipe at tariffs, saying they hinder growth

Shares in Hong Kong jumped after a report on the meeting by the ruling Communist Party's Politburo said leaders would "implement more active fiscal policies and moderately loose monetary policies".

Europe News

Mercosur trade deal: MEPs for and against

As negotiations heat up in Montevideo, we asked two MEPs how they consider this major deal.

Business

ASML holds firm on guidance despite new US curbs re China tech

ASML sees a limited impact of the US fresh restrictions on AI chip exports to China and maintains its guidance for 2024 and 2025.

Europe News

Volkswagen workers on strike over proposed pay cuts and plant closures

The two-hour stoppages included the company's base plant at Wolfsburg, where workers protested against a cost-cutting drive by the car maker's management which includes the threat of plant closures in Germany.

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Canada

Trump and Trudeau discussed border and trade following tariff threats

US President-elect Donald Trump and Canadian Prime Minister Justin Trudeau met in Florida to discuss concerns about drugs and migrant flows.

Business

EU and China advance towards alternative solution for EV tariffs

The EU and China are expected to continue talks regarding the alternative solution to replace the EU’s newly imposed tariffs on Chinese-made electric vehicles.

Economy

ECB's Schnabel advocates gradual cuts, flags Trump's trade risks

Interest rates are nearing neutral territory, ECB's Isabel Schnabel has said, backing gradual cuts amid persistent inflation. She highlighted risks from Donald Trump’s trade policies, noting potential economic shocks for Europe as tariffs loom over export-heavy economies.

Business

Trump's threat to impose tariffs could be costly for US consumers

Consumers will have to pay more for their cars, one analyst warns, adding that among the hardest hit would be Volkswagen, Stellantis, General Motors and Ford.

Business

Trump's tariff hikes could speed up China's shift to new markets

The US has for years been a major destination for Chinese goods, but exporters are reducing their reliance on the world’s largest consumer market as Beijing and Washington feud over trade.

Markets

European auto stocks slide as investors consider Trump tariffs threat

European automakers took a share price hit on Tuesday after Donald Trump threatened sweeping tariffs on China, Mexico and Canada.

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.

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?