English

More about this topic

Business

Nike expects US tariffs to cost it $1bn and warns of falling sales

The ailing US sportswear company reported falling revenues and income. Its fiscal guidance for the current quarter nonetheless gave investors a glimmer of hope, pushing the share price up around 10% in after-hours trading in the US.

Economy

Beijing confirms that it has signed a trade agreement with the US

China said on Friday that it had further confirmed details of a trade framework, including the export of rare earths.

Business

Tariffs: France and Germany pursue different tacks towards US deal

France and Germany are at odds over the negotiating strategy on trade with the US, while the Commission is increasingly doubtful about securing a zero-tariff deal.

Europe News

Let's create a new World Trade Organization - Von der Leyen

European Commission chief Ursula von der Leyen has proposed to EU leaders the launch of a Europe-led initiative to establish a structured trade cooperation with Asian countries, potentially laying the groundwork for an alternative to the gridlocked World Trade Organisation (WTO).

ADVERTISEMENT

Markets

Euro heads to 4-year highs: Could it reach 1.20 or higher?

The single currency has rallied 13% this year, buoyed by eurozone fiscal policy shifts, political uncertainty in the US, and changing market dynamics.

Business

German and French industry united on US aircraft sector tariffs

The German aerospace industry has told Euronews it is aligning with its French counterpart in supporting EU retaliatory measures that target US finished aircraft rather than spare parts, citing the interdependence of transatlantic production lines.

Belgium

Middle East conflict adds uncertainty to trade tension, IMF chief says

Former European Commission Vice-President and current IMF chief Kristalina Georgieva spoke to Euronews about the state of the global economy amid escalating trade tensions and the outbreak of a new conflict involving Iran.

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.

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?

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