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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.

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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.

Business

Automotive giant Stellantis faces €1.5 billion hit from US tariffs

Stellantis is bracing for €1.5 billion in losses due to US tariffs this year, placed both on cars and car parts.

Economy

US and China push through high-stakes tariff talks in Sweden

Representatives of the world’s two largest economies meet in Sweden as the expiration date for a 90‑day pause on tariffs draws near.

Markets

Investors pivot to UK stocks as US faces continued instability

UK stocks boost performance as foreign investors shift away from US assets, citing 'higher-risk' concerns.

Europe News

EU and US spin conflicting versions of trade deal

The European Commission and the White House are making contradictory claims about the content and scope of the EU-US trade deal.

Business

Greek government cautious on new EU-US trade deal reached with Trump

Greek finance minister and other trade officials share their thoughts on the tariff agreement reached between US President Donald Trump and European Commission President Ursula von der Leyen.

Economy

US-EU trade deal wards off tariff escalation but threatens growth

The 15% rate removes Trump's threat of a 30% tariff. But it effectively raises the tariff on EU goods from 1.2% last year to 17%.

Europe News

Five things we don't know yet about the EU-US trade deal

The EU and the US struck a long-awaited agreement on Sunday, establishing a 15% tariff on EU exports, with certain sectors exempted. However key details remain unclear.

Markets

Oil prices rise on EU-US trade deal and Trump comments on Ukraine

US President Donald Trump said on Monday he was reducing a 50-day deadline given to Vladimir Putin to agree a deal with Ukraine. Oil prices had already risen on news of a EU-US trade deal.

Health news

EU-US trade deal leaves future of pharma tariffs uncertain

Despite a new EU-US trade deal, tariffs on pharmaceuticals remain uncertain and unchanged for now, pending the outcome of a US national security investigation that could later impose duties of up to 15%.

Europe News

'Best we could get': Brussels defends EU-US deal as criticism mounts

"This is clearly the best deal we could get under very difficult circumstances," said Maroš Šefčovič, the European Commissioner for Trade.

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