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Europe News

EU tariff offer still on the table, says EU Commission

Despite pressure over the weekend from the US, the EU said its offer on tariffs remains in play.

Economy

What EU exports could be hit hardest by Trump’s 50% tariff threat?

Key sectors, including chemicals, machinery and vehicles, could be the hardest hit by the US President’s threat of imposing 50% tariffs on EU goods.

Markets

European markets open higher as Trump delays 50% tariffs on the EU

Stock futures surged after US President Donald Trump agreed to postpone the planned 50% tariffs on the European Union, but the US dollar remained under pressure amid waning investor confidence in US assets, pushing the euro to a one-month high.

Europe News

Half time in EU/US trade bout - what's the score 45 days in?

Half way through the truce proposed by US president Donald Trump, US/EU negotiations have reached an impasse.

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Europe News

EU's €2 handling charge for cheap imports to snare Chinese products

Trade Commissioner Maroš Šefčovič announced a fee to counterbalance the cost safety checks for products coming from China – and hopefully curbing numbers of packages sent to Europe.

Economy

EU urges 'respect' after Trump threatens 50% tariffs

The EU's Commissioner for Trade and Economic Security Maros Sefcovic said the bloc is committed to securing a trade deal that "works for both" and that is based on "respect, not threats" after US President Trump threatened a 50% tax on all imports from the European Union.

Business

Japan's Prime Minister urges Trump to choose investment over tariffs

Japan's Prime Minister Shigeru Ishiba said on Friday that he held telephone talks with US President Donald Trump and agreed to hold “productive" discussions at an upcoming tariff talks between the two sides.

Economy

OECD growth slows abruptly to 0.1% in the first three months of 2025

The overall GDP growth of the 38 countries of the OECD, providing more than 40% of the global economy, slowed down substantially in the first quarter of 2025.

Europe News

EU/US aircraft trade war imminent, key lawmaker warns

The inclusion of Boeing in the Commission’s draft retaliation proposal has raised concerns among some member states over potential countermeasures from Washington targeting Airbus, according to MEP Bernd Lange, chair of the trade committee at the European Parliament.

Europe News

Šefčovič: EU standards on food are 'not up for negotiation'

In an interview with Euronews, Maroš Šefčovič has called for a fair and balanced deal with the United States amid a framework of tariff negotiations.

Economy

Japan shipments to US decline as trade tariffs slow export growth

The world's fourth-largest economy is one of the hardest hit by the US administration's elevated trade tariffs on cars, resulting in Japanese exports slowing in April.

Business

Tesla CEO Elon Musk says he will spend less on political campaigns

Tesla CEO Elon Musk has pledged to be less involved in politics and assured investors he would remain at the helm of the company for the next five years. His remarks triggered a brief intraday rebound in Tesla shares.

Economy

Taiwan president says US tariff issues are 'frictions between friends'

The US has recently imposed tariffs of 32% against Taiwan, as part of sweeping duties against all US trading partners.

Economy

China cuts key lending rates to record lows to counter US tariffs hit

China’s central bank has cut its key lending rates to record lows to bolster the economy and cushion the impact of escalating trade tensions with the United States. The move follows a sweeping stimulus package announced earlier this month.

Economy

How much will Trump’s tariffs drag on the EU economy in 2025?

The European Commission cut back its growth forecasts for this year and the next on Monday, due to the impact of US President Donald Trump’s tariff policies.

Business

Guinness maker Diageo braces for a €133 million US tariff hit

The British multinational alcoholic beverage company also announced a $500 million savings plan.

Economy

China's economy slows in April as trade war blues hit retail sales

China’s economy showed signs of slowing in April as President Donald Trump's trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast.

Europe News

EU unlikely to get rid of all US tariffs - Commission

As the negotiations with the US gather pace, doubts are raised about the extent of concessions achievable.

Economy

Trump suggests India offered to drop tariffs to zero on US goods

The US President's words were not immediately acknowledged by New Delhi.

Business

Global EV sales up almost 30% in April, with the US falling behind

China and Europe were bright spots for the EV market in April, although sales dropped in North America, hit by Trump tariffs and uncertainty over green policies.

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