English

More about this topic

Europe News

Von der Leyen and Trump strike EU-US deal with 15% tariff for the bloc

The trade deal will introduce a 15% tariff for the vast majority of EU products. But some will benefit from a "zero-for-zero" scheme.

Business

Hammered by US tariffs, Volkswagen’s profit drops sharply

Germany’s Volkswagen cut its financial guidance for 2025 after US tariffs took a €1.3 billion toll on its income in the first six months. But European sales and EVs appear to support future growth.

Economy

The UK’s weak economic growth and Brexit: Is the worst over?

The UK’s decision to leave the European Union has left lasting impacts on the country’s economy. While many of the repercussions appear to be longstanding, including low productivity, Euronews Business asked experts whether they think the worst is over.

Economy

EU member states adopt retaliatory hit list in response to US tariffs

The member states adopted on Thursday morning the list of countermeasures targeting €93 billions' worth of US products in response to US tariffs, but the Commission is yet to follow suit. It will only come into effect on August 7 if the two parties fail to reach an agreement.

ADVERTISEMENT

Economy

Will the ECB cut the key rates again? US tariff impact is crucial

The European Central Bank will likely hold off on making another interest rate cut on Thursday, choosing to wait until it can measure the size of any economic blow from higher US tariffs.

Economy

EU and US near 15% tariff deal, Brussels remains ready to retaliate

The European Commission and member states are discussing the possible use of the anti-coercion instrument, which would allow the bloc to target digital and financial services in the event of a failure to reach a deal with the US on tariffs.

Markets

Asian markets rise, Toyota up by 14% after US tariff deal

Asian shares rallied on Wednesday, with Tokyo's benchmark Nikkei 225 index up more than 3% after Japan and the US announced a deal on President Donald Trump's tariffs.

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.

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?

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