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Economy

China’s exports beat expectations with US trade agreement now secured

Exports to the US remained in negative territory in June although the decline was softer than in May. There was an annual rise in exports sent to other nations as China seeks to diversify its trade.

Europe News

Leaders of EU and Mexico criticise Trump's 30% tariffs and urge unity

Several European leaders and Mexican President Claudia Sheinbaum have expressed disappointment at the 30% tariffs US President Donald Trump has announced, but maintained openness to reach a negotiated solution.

USA

Trump threatens Brazil with 50% tariff, demands Bolsonaro trial ends

Brazil’s prosecutor-general has filed charges against former President Jair Bolsonaro for attempting a coup to stay in office after his 2022 election defeat.

Economy

German Chancellor says he’s confident EU-US trade deal will come soon

The EU is working to avoid a tariff rate as high as 50% ahead of a 1 August deadline. It now appears that a 10% duty is on the table.

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Economy

Trump talks of new August tariff date and looks for more trade deals

The US president warned that tariffs would return to their higher rates on 1 August, after the proposed 9 July deadline.

Canada

US to resume trade talks with Canada, says Canadian Prime Minister

Canada and Mexico face separate tariffs of as much as 25% that Trump put into place under the auspices of stopping fentanyl smuggling.

Economy

President Trump says he’ll set unilateral tariff rates within weeks

The president said that he would set country-specific rates in less than two weeks — after reaching a tariff deal with China.

Tech News

EU launches global digital strategy to build tech alliances

The EU unveiled its global digital strategy to expand tech alliances and stay relevant amid US-China dominance. It plans deeper ties with partners like Japan and Singapore, new regional projects under Global Gateway, and a Digital Partnership Network to coordinate tech development.

Economy

US economy falls 0.2% in the first quarter, hit by Trump's trade war

First-quarter growth was brought down by a surge in imports as companies in the United States hurried to bring in foreign goods before the president imposed massive import taxes.

Economy

What happens to Trump’s tariffs now a court has knocked them down?

The court’s decision blocks the tariffs Trump imposed last month on almost all US trading partners and levies he imposed before that on China, Mexico and Canada.

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.

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

How should the EU interpret the trade deal between the US and the UK?

The United Kingdom is the first European country to have reached a compromise with the United States on trade. But some analysts believe the deal sends the wrong signal.

Europe News

Swiss president hopes 'Holy Spirit' will guide US-China tariff talks

The Swiss government said its talks with Bessent and US Trade Representative Jamieson Greer were “convivial and constructive” and were aimed to lay out the guidelines for a deal on the issue of customs duties to be discussed again in coming weeks.

Economy

Bank of England cuts main interest rate as US tariffs threaten growth

The 25 basis point cut to 4.25% was widely expected by economists.

World News

US free market think tank slams Trump tariffs with trade index

The US ranks mid-table in trade openness but would plummet to bottom if US President Donald Trump's proposed high tariffs and trade rollbacks became permanent.

USA

US and China to hold trade talks in Switzerland

It will be the first in-person discussions between American and Chinese senior officials since US President Donald Trump escalated the tariff war between the two countries.

World News

Canada 'won't be for sale ever' Carney tells Trump in White House

A meeting between the leaders of Canada and the United States is not usually considered a high-stakes showdown, but there was little ordinary about this encounter after Trump spent months musing about annexing Canada and turning it into the 51st state.

Economy

Is Trump’s agenda weakening the dollar and shifting power to the euro?

Controversial policies from the Trump administration are pushing investors to flee US assets. But another currency will struggle to take the dollar’s throne.

Economy

No formal trade promises have been made to the US, EU says

The European Commission says it is looking at ways to potentially reduce its trade surplus with the US, although stresses that no formal offer has been made.