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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.

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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.

Business

Trump announces new tariffs across the globe, delaying deadline

Numerous countries around the world are facing the prospect of new tariffs on their exports to the United States on 7 August, as they have not yet reached a trade deal with the Trump administration.

Economy

'Liberation Day' 2.0: What's coming and who will feel it the most

Trump’s sweeping package of tariffs, released on so-called "Liberation Day", targeted nearly every corner of the globe. Now, after months of pauses and delays, it’s soon set to come into force.

World News

Trump announces 90-day negotiating period on trade with Mexico

Nations are scrambling to finalise the outlines of a trade framework with Trump in order to avoid him imposing higher tariff rates that could upend economies and governments.

Economy

The EU holds its breath as 1 August US tariff deadline looms

The EU Commission expects the US to keep its word and implement new tariff rates agreed on Sunday. Without a joint statement, it hopes that forthcoming US executive orders will provide relief to sectors heavily impacted since the start of the trade dispute.

Business

Not even the EU knows if wine and spirits will be hit by US tariffs

With less than a day to go before the new EU-US tariff regime takes effect, the European Commission still doesn’t know for sure if the wine and spirits sector will be exempt.

USA

US Treasury sanctions Brazilian judge overseeing Bolsonaro's trial

US President Donald Trump also signed an executive order that effectively implements the 50% tariff announced earlier this month, which he had explicitly linked to Bolsonaro's case.

Economy

The EU and US have shaken hands on a trade deal, but what's to come?

With the EU Commission and the White House making contradictory claims about the content of the EU-US trade deal struck on Sunday, industry, markets and governments are eagerly awaiting the release of a 'joint statement' which is set to clarify commitments made on both sides of the Atlantic.

Business

Seven all-American products that are actually 'Made in Europe'

Trump’s tariffs are aimed at ostensibly boosting US production and fostering a “local for locals” sensibility. Except, it turns out that several American product staples are actually... "Made in Europe"?

Economy

Macron says the EU-US trade deal's not yet done

With the ink barely dry on the trade deal between the EU and the US, the French president called for continued negotiations and, if necessary, the implementation of rebalancing measures.

Economy

Trump announces tariffs on India and penalty for Russian imports

Ahead of Friday's new tariff package, Trump announced that a 25% tariff would be imposed on India along with another unspecified penalty for importing Russian oil and weapons despite US sanctions.

Business

Mercedes sees profits slump by more than half amid US tariff turmoil

German carmaking powerhouse Mercedes-Benz also issued new predictions for this year’s revenue, indicating that it will be significantly below last year's total.

Economy

US and China prepare to extend tariff pause after Stockholm talks

US Treasury Secretary Scott Bessent says President Trump must approve the pause before it can go ahead.

Stay on top of the latest news about Trump tariffs and their effects on the global economy.