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USA

Trump's new tariffs spark trade war with Canada and Mexico

President Trump declared an economic emergency so that he could place duties of 10% on all imports from China and 25% on imports from Mexico and Canada.

Europe News

Pascal Lamy warns EU to be tough with Trump

Pascal Lamy, the former chief of staff to European Commission President Jacques Delors and former two-term head of the World Trade Organization, told Euronews how the EU should deal with Donald Trump if the American president follows up on threats to impose tariffs.

Europe News

EU should negotiate with US, China with 'gun in pocket', says Lamy

The US and China pose existential challenges for the EU, former Director-General of the World Trade Organization (WTO), Pascal Lamy tells Euronews' Europe Conversation.

Economy

How a potential global tariff war could hit Europe's supply chains

Rising tensions between key world players have led to increasing concerns of a global trade war, which would also hit Europe. Kevin O'Marah from community research platform Zero100 is speaking about the world's most pressing global trade issues at the WEF at Davos.

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Economy

Europe’s car makers call for compromise with US to calm tariff fears

In an open letter to EU leaders, the European Automobile Manufacturers' Association (ACEA) has highlighted why Europe should strive to maintain good trade relations with both the US and China.

Europe News

EU firms forced to 'silo' operations in China, harming competitiveness

The European Union Chamber of Commerce in China warned that the trend could accelerate deglobalisation and reduce global economic growth.

Economy

Meloni says EU must be pragmatic with Trump to avoid US trade tensions

As fears of a trade war rise, the Italian premier is seen as one of US president-elect Donald Trump's closest EU allies.

Economy

Germany's Bundesbank warns of economic stagnation as trade war looms

The fortune of the eurozone’s largest economy is gloomy, especially with President-elect Donald Trump returning to the White House.

Europe News

French trade minister flags defensive trade tools for Trump presidency

As the 27 trade ministers gathered for the first time since Donald Trump's re-election, the use of defensive trade tools against the US could be an option in case of Trump's aggressive trade policy, according to French minister Sophie Primas.

Economy

How a Trump win could result in a billion euro trade war for Germany

An escalating trade war, which may occur if Donald Trump is re-elected for a second term as the US president, could mean a loss of billions for Germany’s economy, according to a report.

Europe News

Cognac makers say they are being 'sacrificed' amid EU-China trade war

French brandy is at the heart of a commercial dispute between Beijing and Brussels over Chinese electric vehicles (EVs).

EuroVerify

Would Donald Trump’s trade tariffs hurt Europe?

The EU is increasingly reliant on the US export market, making it vulnerable to the potential shocks of Trump’s trade policy.

Economy

China's anti-trust tariffs over brandy come under fire

The European Commission says it will 'robustly' challenge China's decision to impose provisional antidumping measures on imports of brandy from the EU.

Business

China goes for the slow burn with anti-dumping brandy levy for Europe

China is imposing more restrictions for Europe with its anti-dumping measures for imports of European brandy. This is particularly hard hitting for brands such as Hennessy and Rémy Martin.

Business

Volvo ditches plans to make only electric vehicles by 2030

Volvo Cars has abandoned its plan to become a fully electric car manufacturer by 2030 due to weakening consumer demand for pure electric vehicles. This shift marks the latest change among major car manufacturers.

Europe News

China to probe EU dairy products as anti-subsidy spat escalates

The tit-for-tat anti-subsidy probe is seen as a response to the EU's tariffs on imported electric vehicles.

Business

China appeals to World Trade Organisation over EU tariffs on EVs

The European Commission says that tariffs are necessary to protect EU firms against unfair competition. China says its EV industry has flourished naturally.

Business

EU member states set to back tariffs on Chinese EVs, says trade chief

Tariffs could come into force in November after a vote in late October.

Business

Volkswagen hits back at EU tariffs on Chinese electric vehicles

German auto manufacturers such as Volkswagen and BMW have increasingly warned about the potential adverse effects of EU tariffs on the European auto industry’s competitiveness down the line, as well as their own operations in China.

Business

Germany halts the planned sale of VW's gas turbine business to China

This move, although made to protect Germany and the EU’s sensitive technology, has also raised concerns about Germany’s competitiveness in the international market.