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Economy

Trump sends tariff letters, placing 25% duty on Japan and South Korea

Higher tariffs had been set to come into effect on 9 July, although the US president has now moved this date to 1 August.

Economy

Trump talks of new August tariff date and looks for more trade deals

The US president warned that tariffs would return to their higher rates on 1 August, after the proposed 9 July deadline.

USA

Donald Trump says new tariffs of up to 70% will begin 1 August

Donald Trump stated that "10 or 12" letters would be sent out on Friday, with others to follow, ahead of a 9 July deadline for countries to strike deals and avoid higher import costs.

Economy

EU and US aim for political understanding to resolve tariff dispute

As deadline for negotiations on trade with the US looms, the EU and US are seen heading for a basic deal, leaving more detailed wrangling over sectors for later.

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Markets

US stocks rise as investors prepare for Trump’s tariff deadline

Many of Trump’s announced tariffs have been postponed and are due to kick back into effect on 9 July.

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).

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.

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