Trade war | Euronews

English

Business

Trump unveils minimum 10% tariff on imports to US and 20% on the EU

US President Donald Trump announced the long-awaited “Liberation Day” reciprocal tariffs at the White House Rose Garden. Global markets shifted into “risk-off” mode, with US stock futures tumbling sharply and gold surging to a new high.

Economy

French government set to lower growth target as Trump tariffs loom

The state’s revised forecast will be in line with predictions from the Bank of France, according to work minister Astrid Panosyan-Bouvet.

Economy

Europe braces for Trump’s tariffs: What could the economic damage be?

Trump’s tariffs on EU goods could slash exports by at least €85 billion, hitting autos and pharmaceuticals hardest. Germany, Denmark and Central Europe face sharp fallout, raising recession risks and forcing the ECB to consider rate cuts.

Europe News

Europeans overwhelmingly endorse retaliatory tariffs, poll finds

While aware of the economic impact of US tariffs on EU goods, a YouGov study finds that a vast majority of European citizens support retaliatory measures in the escalating trade dispute between Brussels and Washington.

ADVERTISEMENT

Economy

Japan's prime minister says he will push for US auto tariffs exemption

The tariffs proposed by the Trump administration would be a blow to major Japanese carmakers like Honda and Toyota.

Business

Why Trump's trade wars are threatening already vulnerable brewers

US craft brewers, already contending with a slump in sales, are set to be impacted by President Trump's trade tariffs.

Business

Ferrari raises prices for some models in response to Trump’s tariffs

Ferrari announced that it would increase prices for certain models up to 10% in response to Trump’s 25% auto tariffs on European car imports. The company added that its 2025 profit margins face a potential 50 basis-point reduction risk.

Europe News

US tariffs and EU countermeasures may disrupt global value chains

US tariffs and the EU's countermeasures would result in economic disruption ripping apart global value chains, the director of European auto trade group ACEA tells Radio Schuman on Friday

Markets

Trump’s car tariff rattles markets: Industry leaders, analysts react

Trump’s 25% tariff on auto imports jolts equity markets and draws backlash, with European industry groups warning of supply chain shocks, rising prices, and job risks while analysts flag earnings pressure.

Economy

Trump announces 25% auto import levies and lower reciprocal tariffs

US President Donald Trump confirmed 25% tariffs on vehicles not manufactured in the US, set to take effect on 2 April. Auto shares fell across Asia following the news, with the impact expected to ripple through Europe.

Economy

Trump hints at automobile levies and exemptions on reciprocal tariffs

US President Donald Trump indicated that he would impose auto tariffs in the coming days, alongside a possibility of granting exemptions for some countries based on reciprocal tariffs. The comments triggered a sharp rebound in the US stock markets as investors expected a softened tariff stance.

Canada

Canada's Carney talks 9/11 solidarity and slams Trump for trade war

On the campaign trail in Gander after calling a snap election, the Canadian prime minister lamented the countries' broken bonds.

Economy

What could trade tariff threats really cost the European economy?

Uncertainty around trade will have a major impact on global growth, reducing business investment in the EU and the UK by 2% this year, Oxford Economics finds.

Economy

Bank of England expected to pause rate cuts despite contracting output

Policymakers find themselves in a tight spot ahead of Thursday’s rate decision, with growth remaining sluggish and inflation stubborn.

Economy

OECD trims eurozone growth outlook as global trade tensions bite

The OECD has lowered its eurozone GDP growth forecast to 1.0% for 2025, down from 1.3% in December, citing weak investment and rising geopolitical risks. Global growth is also revised down to 3.1% as trade disruptions weigh on sentiment.

Europe News

Canada's PM Carney visits Paris and London to rally European allies

After first visiting France, Carney will head to the UK where he will speak to Prime Minister Keir Starmer and King Charles III, who is Canada’s head of state.

Europe News

France's champagne industry in the crosshairs of the US-EU trade war

President Trump’s 200% tit-for-tat tariff threat on EU alcohol is causing panic in France's already weakened champagne industry.

Brussels, My Love?

Brussels, my love? Europe's defense against Trump and Putin

In this edition of our weekly talk show, our panel discusses efforts to ramp-up European defense, the escalating trade war with Trump's America and efforts of the European Union to strengthen women's rights.

Canada

Mark Carney sworn in as Canada's new PM as country faces US trade war

The governing Liberal Party appeared to be poised for a historic election defeat this year until US President Donald Trump declared an economic war and threatened to annex the country as a "51st state".

Economy

Direct impact of US tariffs on EBRD economies to remain limited

As US President Donald Trump continues to shake up the global trading order, EBRD nations aren’t likely to feel the brunt of the disruption. Even so, diminished growth in other countries is set to have ripple effects.