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Economy

China’s exports grow despite tariff turmoil as trade pivots to Africa

While a trade deal with the US is still being fine-tuned and talks are underway, the Chinese economy reports export growth and a rerouting of trade to Africa.

USA

US President Donald Trump's sweeping global tariffs go into effect

The move comes after Washington paused its "reciprocal tariffs" for almost four months to allow countries to negotiate trade deals with the US.

Business

Trump declares 100% computer chip tariff unless firms build in the US

The announcement comes more than three months after Trump temporarily exempted most electronics from his administration's most onerous tariffs.

Europe News

Haunted by Merkel: Trump still grappling with Europe’s lost leader

Trump spoke on CNBC about the current state of markets in the US, but was quizzed about the EU-US trade deal, and reminisced about a conversation with former German chancellor Angela Merkel.

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Economy

Trump cranks up India tariffs to 50% in an attempt to pressure Russia

Brazil and India now face the world’s steepest blanket tariff at 50%, with India targeted for Russian oil purchases undermining US sanctions.

Economy

Despite tough talk, most Canadian, Mexican goods dodge Trump tariffs

Canada and Mexico have been at the centre of Trump's tariff positioning from day one, but it seems that the pre-existing USMCA deal protects most goods from US tariffs.

Europe News

Trump warns EU: 35% tariffs if $600bn investment pledge unfulfilled

Trump spoke on CNBC about the current state of markets in the US, but was quizzed about a pledge on investment made in the EU-US trade deal.

Economy

EU Commission 'surprised' by German minister's jibe on trade deal

The European Commission defended its US trade deal, saying it emerged from clear consultation with member states - including Germany - following a jibe by German Finance Minister Lars Klingbeil criticising the EU’s weakness in negotiations with the US.

Markets

Pfizer earnings strong despite Trump’s new 'up to 250%' tariff threat

Pfizer beat earnings expectations and improved its outlook for the rest of the year, despite fresh statements from Trump announcing pharma tariffs next week.

Business

Tariff showdown threatens populist alliance between Trump and Modi

Once allies during the populist wave launched in Trump's first term, the US president and Indian PM Narendra Modi are now on a collision course over tariffs and Washington’s warming ties with Pakistan.

Economy

Tariffs: EU Commission to suspend retaliation by another six months

As the EU and the US continue negotiating a joint statement to formalise their tariff deal, the EU executive is again postponing a package of countermeasures that were due to enter into force on 7 August.

Business

Why copper, aluminium and steel drive Trump’s MAGA agenda

Trump’s 50% tariffs on steel, copper and aluminium go beyond mere economics — they’re a bid to reclaim lost US industries and energise his MAGA base.

Economy

White House keeps tariff pressure on EU car industry

The US executive order published on July 31 imposes 15% tariffs on EU products, as outlined in the agreement reached by the US and EU presidents. However, it doesn't lower tariffs on cars, which remain at 25%.

Business

Amazon, Apple post solid earnings but tariffs dampen investor appetite

Tariffs and the AI race have made tech investors more cautious, with Amazon and Apple’s second quarter results showing that the market is no longer betting on Big Tech as a whole — only on those with a clear edge.

Business

Trump announces new tariffs across the globe, delaying deadline

Numerous countries around the world are facing the prospect of new tariffs on their exports to the United States on 7 August, as they have not yet reached a trade deal with the Trump administration.

Economy

'Liberation Day' 2.0: What's coming and who will feel it the most

Trump’s sweeping package of tariffs, released on so-called "Liberation Day", targeted nearly every corner of the globe. Now, after months of pauses and delays, it’s soon set to come into force.

World News

Trump announces 90-day negotiating period on trade with Mexico

Nations are scrambling to finalise the outlines of a trade framework with Trump in order to avoid him imposing higher tariff rates that could upend economies and governments.

Economy

The EU holds its breath as 1 August US tariff deadline looms

The EU Commission expects the US to keep its word and implement new tariff rates agreed on Sunday. Without a joint statement, it hopes that forthcoming US executive orders will provide relief to sectors heavily impacted since the start of the trade dispute.

Business

Not even the EU knows if wine and spirits will be hit by US tariffs

With less than a day to go before the new EU-US tariff regime takes effect, the European Commission still doesn’t know for sure if the wine and spirits sector will be exempt.

USA

US Treasury sanctions Brazilian judge overseeing Bolsonaro's trial

US President Donald Trump also signed an executive order that effectively implements the 50% tariff announced earlier this month, which he had explicitly linked to Bolsonaro's case.

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