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Economy

EU and Japan prepare delicate balancing act with US

At Wednesday's summit, the EU and Japan are expected to reaffirm their commitment to a rules-based order, as both face trade disputes with the US, but the pair offer differing approaches to negotiations with the Trump administration.

Economy

Trump announces trade deal with Japan that lowers threatened tariff

The US ran a $69.4 billion (€59.1 billion) trade imbalance on goods with Japan last year, according to the Census Bureau.

Business

AstraZeneca pledges $50bn investment in the US amid 200% tariff fears

British-Swedish pharmaceutical company AstraZeneca is expanding its presence in the US in a bid to boost sales in its largest market.

Europe News

Calm before EU-US trade storm as deadline approaches, Newsletter

This week's key events presented by Euronews' editor in chief, EU news, Jeremy Fkeming-Jones.

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Economy

Asian countries offer to buy more US LNG to stave off harsh tariffs

In a bid to avoid harsh tariffs being imposed, many Asian countries are looking to strike large LNG deals with the US. But could this be disastrous for the clean energy transition?

Business

TSMC's profit soars by 60% thanks to robust AI chip demand

The world’s largest contract chip manufacturer TSMC, reported better-than-expected results as AI chip demand has been boosting the company's sales.

Economy

Japan's exports fall as Trump's tariffs fuel recession risks

Fears of a recession are mounting in the world's fourth-largest economy, after export to the US declined for the second month in a row in June.

Economy

Retaliatory tariffs: Which EU countries could be impacted the most?

Ireland, Germany and the Netherlands are three of the most exposed countries should the EU decide to impose countermeasures on US imports — following Washington’s threat to charge 30% on EU goods.

Economy

President Trump: Pharma tariff is coming, Indonesia deal sealed

The US President announced a list of updates concerning US trade tariffs on Tuesday, including a deal with Indonesia and his plans to gradually increase tariffs on pharmaceutical imports.

Markets

ASML sees share price drop as Trump’s tariffs darken outlook

The Dutch tech firm saw its shares drop almost 7% in morning trading after it released second-quarter results. Sales rose above analysts’ expectations, although ASML warned that tariffs threaten its growth target for 2026.

Economy

Time for EU to show its gun in US tariff spat, says ex-trade chief

According to former director-general of DG Trade Jean-Luc Demarty, a balanced agreement with the US is out of reach, and the EU needs political courage to target US digital and financial services.

Economy

US inflation accelerates to 2.7% as Trump's tariffs start to bite

Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.

Economy

Exclusive: US pitches role in EU regulatory surveillance in trade deal

Amid an ongoing dispute over tariffs, the US is pressuring the EU to revise its digital regulations and is angling for a seat at the table. How much room for manoeuvre does Big Tech really have?

Europe News

EU trade ministers discuss €72 billion retaliatory tariffs on US goods

Caught off guard while preparing to sign an agreement in principle with the US on tariffs, the EU is gearing up for retaliation in case negotiations fail following the new US threats over the weekend.

Markets

European markets open in the red after Trump threatens 30% EU tariff

The president of the European Commission Ursula von der Leyen said the EU would not impose retaliatory tariffs on US imports before 1 August, allowing time for negotiation.

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

EU trade ministers to mull US tariffs as Germany’s Merz cautions calm

US President Donald Trump's letter warning the EU that 30% tariffs will apply from 1 August unless a deal is reached has turned up pressure on trade negotiations.

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.

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Brazilian demonstrators rally against Trump and urge taxing the rich

Thousands of demonstrators gathered in São Paulo on Thursday to protest against US President Donald Trump’s tariff threats and demand higher taxes on the super-rich.

Economy

Which European economy stands to suffer the most from US tariffs?

One-fifth of the EU’s exports are heading to the US. Tariffs on the carmaking sector hit the German economy the most, but potential tariffs on the pharmaceutical one could cost substantially to the Irish economy.

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