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Business

Venezuela-EU trade: Which countries do the most business?

Venezuela is not a major EU trade partner. Spain dominates trade, accounting for 55% of the total volume. Given Venezuela’s large proven crude oil reserves, the EU closely monitors political developments in the country.

Europe Today

'Do not intervene' in Iran, former French premier tells Euronews

Former French Prime Minister Dominique de Villepin told Euronews' flagship morning show Europe Today that foreign intervention in Iran "must find the right balance to not make things worse."

USA

Trump says Cuba should strike deal with US 'before it is too late'

Trump suggests that Cuba should move to quickly strike a deal with Washington as he announced that the Caribbean nation will no longer be receiving oil or money from Venezuela, which it had relied on financially for years.

Economy

EU agriculture ministers to hold crucial talks ahead of Mercosur vote

With the European Commission expected to offer assurances to opponents worried about their farmers, the EU’s 27 ministers will meet on Wednesday for a “political” discussion before an expected vote on the pivotal trade deal on Friday.

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Macron's home targeted by farmers protesting EU trade deal

France farmers protested outside President Macron’s home in Le Touquet, demanding the EU drop the Mercosur trade deal despite its signing being delayed.

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Farmers clash with police near European parliament in Brussels

Belgium farmers clashed with police in Brussels during protests against the EU-Mercosur trade deal, as leaders debated safeguards and possible delays.

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Farmers from 27 EU countries protest EU-Mercosur trade deal

Belgium farmers protested in Brussels against the EU Mercosur trade deal, clashing with police as tractors gathered near the European Parliament.

Europe News

EU Parliament and member states set to clash over Mercosur safeguards

The European Parliament has confirmed a contentious "reciprocity clause" that could derail the EU-Mercosur trade deal, and member states are expected to push back on it in upcoming negotiations.

Europe News

How the European Parliament could still derail the EU-Mercosur deal

Three votes in the European Parliament could derail the largest free trade area ever struck by the European Union – or at least significantly change it.

The Cube

Fact check: How realistic is a bespoke EU-UK customs union?

Brexit is back making headlines in the UK after the Liberal Democrats received support for creating a bespoke customs union. Where does the UK currently stand, and what benefits would such an agreement bring?

USA

Trump lowers tariffs on China to 47% after meeting with Xi

Washington and Beijing are "in agreement on many things," Trump said after the meeting that lasted nearly two hours, the first between both leaders in six years.

South Korea

Trump given golden crown in South Korea but trade deal remains elusive

It has been tricky to strike a deal with South Korea, with the sticking point being Trump's demand for $350 billion of direct investment in the US.

Economy

Costa Rica favours Indo-Pacific trade over Mercosur - trade minister

Costa Rica sees the Indo-Pacific area as a priority over other regional trade deals, such as EU-Mercosur. An Indo-Pacific trade group, the CPTPP, could become the largest trading bloc in terms of GDP if new members — such as the EU — join.

Economy

Is basmati rice Indian or Pakistani? Do not ask the EU Commission

From the Punjab plains to Brussels — who would have thought that the dispute over basmati’s origin would end up on Europeans' plates?

Economy

China launches an investigation into Mexico's tariffs on Asian imports

Beijing hopes to deter countries from siding with the US in suppressing Chinese trade.

Economy

Trump to put import taxes on pharma, home furnishings, heavy trucks

While Trump did not provide a legal justification for the tariffs, he appeared to stretch the bounds of his role as commander-in-chief by stating on Truth Social that the taxes on imported kitchen cabinets and sofas were needed “for national security and other reasons".

Economy

Japan: Revised Q2 GDP shows 2.2% growth despite US tariffs

Japan’s economy expanded at a stronger rate in the fiscal first quarter than previously estimated. The data was published hours after Prime Minister Shigeru Ishiba announced his long-awaited resignation following his party's defeat in the summer elections.

Economy

The hidden cost of international trade and the countries left behind

While international trade can be a powerful tool to address some of the world’s most complex challenges, it can also contribute to inequality between rich and poor nations.

Economy

Trump’s tariffs knocked down by federal appeals court. What now?

The US Court of Appeals for the Federal Circuit ruled Friday that Trump went too far when he declared national emergencies to justify imposing sweeping import taxes on almost every country on earth.

Economy

India braces for export shock as 50% US tariff takes effect

The duty rate US President Donald Trump has placed on Indian goods is among the highest in the world.