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Economy

Boost for Trump as US growth revised higher in Q2

The US economy rebounded this spring from a first-quarter downturn caused by fallout from President Donald Trump's trade wars.

Economy

EU steel chief touts quotas and cooperation with US on overcapacities

According to Axel Eggert, the chief of EUROFER, the European steel lobby, tariff-rate quotas are the best solution to put an end to existing US levies on imports of steel and aluminium. He also believes that the joint fight against Chinese overcapacities should be a shared objective with the US.

Economy

German consumer confidence slumps again as job fears rise

German consumer confidence fell for a third month in August, with income and economic expectations dropping sharply amid rising job fears. Willingness to buy declined slightly, signalling a fragile outlook.

Europe News

Trump's new tariff threat suggests the EU-US trade war isn't over yet

Brussels hoped the EU-US deal would finally put an end to the trade war. But Donald Trump's new tariff threat suggests the story is far from over.

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Economy

India braces for export shock as 50% US tariff takes effect

The duty rate US President Donald Trump has placed on Indian goods is among the highest in the world.

Europe News

Sliding doors: The EU that could’ve been with Draghi in charge

Mario Draghi rather than Ursula von der Leyen, was mooted to lead the European Commission in summer 2024. Facing Donald Trump over tariffs, unveiling the EU’s long-term budget, and setting out a different course for Europe, here’s how the EU might have looked if it had caught that train.

Economy

Portugal's CTT suspends postal service of goods to the US

The Portuguese company said the measure comes into force Tuesday 26 August.

Economy

Trump threatens tariffs on nations imposing digital taxes on US tech

The president said the taxes against US firms “give a complete pass to China’s largest tech companies”.

Europe News

Europe to halt postal services to US after tax deal scrapped

The UK, France, Germany, Italy, Spain and other EU member states will temporarily suspend services as of next week.

Tech News

Why is China turning its back on AI chip giant Nvidia?

China reportedly told local tech companies to stop buying Nvidia's chips due to alleged security concerns, as the global AI race intensifies.

Europe News

EU, US release trade statement setting 15% tariff on EU exports

The joint statement, which comes nearly a month after the trade deal was struck, is being described as a "first step" by the EU side, which hopes to secure more tariff exemptions.

Brazil

Brazil's Bolsonaro rejects coup allegations in final court statement

The former president and other defendants were required to present their final arguments by Wednesday. This marks the final procedural step before the trial concludes, which is expected by the end of the year.

Brazil

Brazil announces $5.5B in credits for exporters hit by US tariffs

President Luiz Inácio Lula da Silva described the plan, which includes a bill to be sent to Congress, as a first step to help local exporters.

Economy

Despite tariff revenue, US deficit grows as spending hits record high

Even with customs revenue quadrupling under new tariffs, record-high spending on benefits, healthcare and debt interest drove the largest monthly deficit in US history.

Markets

European shares forge ahead after record highs on Wall Street

Increased hopes for a US rate cut propel markets to fresh highs

Mexico

Mexico extradites 26 cartel members to US in deal with Trump

The move marks the second time Mexico extradites cartel members to the US, in an effort to curb the threat of US tariffs on its imports.

Economy

Warning signs in Europe's job market: Workers now brace for tariffs

With tariff rates and their effects on the European economy swinging sharply over the past few months, Euronews Business looks at how this could affect employment across the continent.

Economy

US inflation shows limited tariff impact, but prices still rise

The latest US numbers show July inflation came in softer than expected at 2.7%. Core prices hit 3.1%, with a more significant tariff hit expected later in the year.

USA

Trump extends pause on China tariffs for another 90 days

Trump has extended his tariff pause on China for another 90-days just hours before the last trade truce was set to expire.

Business

Chipmakers Nvidia and AMD to pay 15% of China revenue to US government

The unprecedented deal is part of a bargain to secure US export licenses for the Chinese market.

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