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Economy

US and UK sign a trade deal, but steel imports are still in question

The two leaders agreed on the details of how to implement the trading terms disclosed last month, including lowering tariffs on key British exports and opening the door of the UK to US imports.

Economy

President Trump says he’ll set unilateral tariff rates within weeks

The president said that he would set country-specific rates in less than two weeks — after reaching a tariff deal with China.

Europe News

EU targets US 'Big Beautiful Bill' over tax provision in tariff talks

The US budget bill could impose a tax of up to 20% on US-sourced income received by foreign investors. The provision of the bill, which has raised concerns within the EU, is currently part of the ongoing negotiations on tariffs, according to EU lawmaker Markus Ferber.

Economy

Trump says US has reached a trade deal with China

Beijing will supply the US with rare earths and magnets while the US will allow Chinese students to attend its colleges and universities.

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World News

Court rules to keep Trump tariffs active during appeals procedure

The federal appeals court noted that concerns regarding Trump’s tariffs constitute a major issue and have expedited proceedings to begin hearings from 31 July.

USA

US and China agree on trade framework after talks in London

The London talks are the latest in the two countries’ joint efforts to find a middle ground to resolve a trade dispute which threatens to plunge the world into recession and economic instability.

Markets

Asian shares make modest gains as investors eye US-China talks

Trade talks between the US and China are to continue for a second day in London.

Economy

China says its exports to the US have plummeted ahead of trade talks

China's total exports rose less-than-expected year-on-year, while exports to the US dropped sharply.

Economy

Production and exports fall in Germany as pre-tariff rush wears off

US tariff concerns are darkening Germany’s outlook while the economy is already weak, hindering hopes of a recovery.

Europe News

Commission strengthens imports monitoring amid fear of trade diversion

The Commission aims to protect against trade diversion at a time when Chinese customs data indicate a rise in exports to the EU.

Europe News

European steel sector on high alert amid slow-moving trade negotiation

The EU steel sector warned on Wednesday of overcapacities flooding the EU market after US president Donald Trump doubled tariffs on the sector to 50%. The new tariffs have increased pressure on the EU’s negotiating teams trying to break the deadlock in its ongoing trade wrangle with the US.

Business

Volvo Cars sales plunge 12% in May as tariff challenges continue

Rising tariff uncertainty and higher material prices, among other factors, has resulted in several European car companies to implement drastic cost-cutting measures.

Business

Could defence demand fuel a German steel revival post-tariffs?

US President Donald Trump's 50% tariffs on steel and aluminium imports come into effect today. But could Germany's defence industry be paving the way for a steel boom?

Economy

Trump doubles US tariffs on steel and aluminium imports to 50%

The UK is the only nation exempt from the tariff increase after it struck a deal with the US early last month.

Europe News

EU trade chief to meet US counterpart in Paris amid tariff tensions

Despite rising tensions, the Commission still hopes to restart negotiations with the US over customs duties.

Europe News

Chances of solving US-EU trade dispute over tariffs slim, expert says

After the US president announced he would raise tariffs on aluminium and steel from 25% to 50%, a deal between the EU and the US is unlikely to be reached within the 90-day period set by Trump, according to Ignacio García Bercero, a former senior EU official and expert at the Bruegel think tank.

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