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Markets

Markets prepare for rate decisions while tracking US-China trade talks

Global stocks rallied on Monday morning, driven by optimism that a new trade deal is in reach between the US and China.

Economy

Feeling the strain: Italian pasta makers boil over Trump tariffs

Faced with the threat of exorbitant US tariffs, Italian pasta producers are hoping for political support — and that they will not have to wait for a legal resolution to their case.

Europe News

EU vows to protect Spain from Trump's tariff 'punishment'

Donald Trump has threatened to unleash "trade punishment" on Spain in response to the country's refusal to meet NATO's 5% target.

Business

Stellantis to pour €11bn into US expansion to avoid tariff losses

The car giant says its biggest-ever US investment will increase output by 50%, add more than 5,000 jobs, and counter some tariff costs by boosting North American profitability.

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Economy

German economic sentiment edges higher but recovery remains fragile

Germany’s ZEW economic sentiment slightly rose in October, yet annual inflation accelerated to 2.4% last month, driven by rising service costs. Markets fell, with the DAX down 0.9%, as renewed US-China trade tensions weighed on sentiment.

Economy

China's global exports are booming amid looming trade war with US

Trade numbers confirm that Chinese exports to the United States fell, but jumped globally, as a new 100% tariff threat from US President Donald Trump promises a rocky patch ahead of trade negotiations between the world's two strongest economies.

Economy

China 'not afraid' of tariff war following Trump 100% tariff threat

“China’s stance is consistent,” the Chinese Commerce Ministry said in a statement posted online. “We do not want a tariff war but we are not afraid of one.”

USA

Trump threatens new 100% tariff on Chinese imports

Expressing frustration with new export controls placed on rare earth elements by China, Trump threatened to place an additional 100% tax on Chinese imports, potentially escalating tariff rates close to levels that in April fanned fears of a global recession.

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.

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.