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Economy

'Not up for discussion': Brussels rejects US pressure on climate rules

In response to US demands to roll back the EU's environmental legislation, the European Commission defended its autonomous power to adopt laws.

Economy

German exports to US slump to 4-year low as Trump tariffs bite

German exports to the US fell to a 4-year low in August, hit by Trump tariffs. Shipments to the country dropped 20% from a year earlier, marking the fifth straight month of decline.

USA

Trump says there is 'natural conflict' with Canada as he hosts Carney

Trump downplayed the decline in Canadians visiting the US as a major issue, stressing that most Canadians “still love” the US and noting that relations between the two countries will fully restore after a trade deal is reached.

Business

From James Bond to budget cuts: Tariffs put pressure on Aston Martin

The British carmaker’s warning of deeper-than-expected losses sent shares plummeting, a stark reminder that prestige cannot shield a brand from tariffs and sluggish demand.

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Economy

Trump sets tariff on timber and lumber, citing national security risks

Imported wood and furniture "threaten to impair the national security of the US", according to the administration.

Economy

Trump threatens to slap 100% tariffs on movies made abroad

A few months after initial threats, the US president is once again targeting the non-American film industry.

Economy

Pharma tariffs: The EU's confident it can dodge US measures

US President Donald Trump announced on Thursday 100% tariffs on pharmaceutical products imported into the US, but the European Commission remains hopeful that the deal concluded with Washington this summer—setting 15% tariffs on EU goods—will also apply to the sector.

Europe in Motion

EU high-tech exports recover: What's the most profitable sector?

Pharma has become the EU's most valuable high-tech export, driving the bloc's first trade surplus in years. But can it survive the impact of US tariffs?

Economy

Trump to put import taxes on pharma, home furnishings, heavy trucks

While Trump did not provide a legal justification for the tariffs, he appeared to stretch the bounds of his role as commander-in-chief by stating on Truth Social that the taxes on imported kitchen cabinets and sofas were needed “for national security and other reasons".

Economy

Tariffs and a strong euro are hurting Europe’s exports to America

EU exports to the US dropped sharply as new Trump tariffs and a stronger euro hit trade, slashing Europe's surplus and weighing on key sectors like cars and pharmaceuticals.

Economy

US drops tariffs on EU cars to 15%

The measures concerning cars will apply retroactively from 1 August. Negotiations on aluminium and steel, which remain heavily taxed at 50%, are only just beginning.

Economy

US GDP shows 3.8% growth in second quarter in dramatic upgrade

Imports fell and consumer spending jumped, resulting in a much better economic performance than previously estimated in the world's biggest economy.

Economy

Here are the biggest economic risks for EBRD countries in Europe

Export competition from China and trade uncertainties are among the issues squeezing economic growth in the regions covered by the European Bank for Reconstruction and Development (EBRD).

Economy

EU industry struggles with new US rules on imports of steel and aluminium

The US, which slapped 50% tariffs on EU steel and aluminium in June, requires importers to provide proof of origin for these materials when they are part of a finished product: a headache for European industry.

Europe News

Why the EU won't hit China with the 100% tariffs that Trump wants

Donald Trump's request for 100% tariffs on China is unlikely to gather the necessary support among European Union countries.

Economy

MEPs call on Commission to drop energy purchase promise in EU-US deal

A letter is currently circulating within the European Parliament denouncing the European Commission’s commitment to purchase $750 billion worth of energy products from the US.

Economy

Brazil's Lula pushes back against US tariff after Bolsonaro sentencing

After last week’s ruling against former President Bolsonaro, US Secretary of State Marco Rubio posted on X that Trump’s government “will respond accordingly”.

Mobility

How dependent is Europe on Korean EV battery manufacturers?

Europe heavily relies on South Korean-run factories for EV batteries. About 75 per cent of existing battery cell manufacturing capacity in Europe is owned by Korean companies, 50 per cent of which is owned by LG, according to the International Energy Agency.

Economy

Mexico to place 50% tariff on Chinese cars after US lobbying

The announcement comes as Washington places pressure on President Claudia Sheinbaum to crack down on Chinese industry in Mexico.

Economy

Why investors are ditching bonds for gold in 2025

Gold is shining in 2025, outperforming all major assets. With political instability, doubts over Fed independence, and rising economic risks, gold’s role as a trusted, uncorrelated store of value has made it the safe haven of choice.

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