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Economy

US inflation shows limited tariff impact, but prices still rise

The latest US numbers show July inflation came in softer than expected at 2.7%. Core prices hit 3.1%, with a more significant tariff hit expected later in the year.

USA

Trump extends pause on China tariffs for another 90 days

Trump has extended his tariff pause on China for another 90-days just hours before the last trade truce was set to expire.

Business

Chipmakers Nvidia and AMD to pay 15% of China revenue to US government

The unprecedented deal is part of a bargain to secure US export licenses for the Chinese market.

Europe News

Tariffs & Trivia: Your summer EU-US trade war recap quiz

The US-EU tariff saga kept us hooked all summer long. But were you paying attention as both sides traded blows? Take the test to find out.

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Markets

Gold futures rise after report Trump has placed tariffs on gold bars

The futures reached a record high on Friday after the US reportedly placed tariffs on imports of one-kilo gold bars.

Economy

Who got the best trade deal with the US - the EU or UK?

The EU and UK both concluded trade agreements with the US almost three months apart setting new tariffs on their imports. According to the Commission, the EU got the better deal.

Economy

China’s exports grow despite tariff turmoil as trade pivots to Africa

While a trade deal with the US is still being fine-tuned and talks are underway, the Chinese economy reports export growth and a rerouting of trade to Africa.

USA

US President Donald Trump's sweeping global tariffs go into effect

The move comes after Washington paused its "reciprocal tariffs" for almost four months to allow countries to negotiate trade deals with the US.

Business

Trump declares 100% computer chip tariff unless firms build in the US

The announcement comes more than three months after Trump temporarily exempted most electronics from his administration's most onerous tariffs.

Europe News

Haunted by Merkel: Trump still grappling with Europe’s lost leader

Trump spoke on CNBC about the current state of markets in the US, but was quizzed about the EU-US trade deal, and reminisced about a conversation with former German chancellor Angela Merkel.

Economy

Trump cranks up India tariffs to 50% in an attempt to pressure Russia

Brazil and India now face the world’s steepest blanket tariff at 50%, with India targeted for Russian oil purchases undermining US sanctions.

Economy

Despite tough talk, most Canadian, Mexican goods dodge Trump tariffs

Canada and Mexico have been at the centre of Trump's tariff positioning from day one, but it seems that the pre-existing USMCA deal protects most goods from US tariffs.

Europe News

Trump warns EU: 35% tariffs if $600bn investment pledge unfulfilled

Trump spoke on CNBC about the current state of markets in the US, but was quizzed about a pledge on investment made in the EU-US trade deal.

Economy

EU Commission 'surprised' by German minister's jibe on trade deal

The European Commission defended its US trade deal, saying it emerged from clear consultation with member states - including Germany - following a jibe by German Finance Minister Lars Klingbeil criticising the EU’s weakness in negotiations with the US.

Markets

Pfizer earnings strong despite Trump’s new 'up to 250%' tariff threat

Pfizer beat earnings expectations and improved its outlook for the rest of the year, despite fresh statements from Trump announcing pharma tariffs next week.

Business

Tariff showdown threatens populist alliance between Trump and Modi

Once allies during the populist wave launched in Trump's first term, the US president and Indian PM Narendra Modi are now on a collision course over tariffs and Washington’s warming ties with Pakistan.

Economy

Tariffs: EU Commission to suspend retaliation by another six months

As the EU and the US continue negotiating a joint statement to formalise their tariff deal, the EU executive is again postponing a package of countermeasures that were due to enter into force on 7 August.

Business

Why copper, aluminium and steel drive Trump’s MAGA agenda

Trump’s 50% tariffs on steel, copper and aluminium go beyond mere economics — they’re a bid to reclaim lost US industries and energise his MAGA base.

Economy

White House keeps tariff pressure on EU car industry

The US executive order published on July 31 imposes 15% tariffs on EU products, as outlined in the agreement reached by the US and EU presidents. However, it doesn't lower tariffs on cars, which remain at 25%.

Business

Amazon, Apple post solid earnings but tariffs dampen investor appetite

Tariffs and the AI race have made tech investors more cautious, with Amazon and Apple’s second quarter results showing that the market is no longer betting on Big Tech as a whole — only on those with a clear edge.