Europe News
'It's extremely encouraging,' Eurogroup president says on US-China trade rollback
Eurogroup President and Irish Finance Minister Paschal Donohoe welcomed the move of the United States and China agreeing to drastically roll back tariffs for 90 days. In an exclusive interview with Euronews, he called it a promising development for EU–US relations.
Markets
Investors wary as Trump says China removing non-tariff trade barriers
Trump stated that China had agreed to remove non-tariff trade barriers, likely referring to the country’s rare earth export controls imposed on the US in April. The market rally appears to be pausing, as investors await further details of the US-China trade agreement.
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Economy
Euroviews. Is this the end of US exceptionalism and start of European rebirth?
Say hello to the multipolar world in which China is rapidly becoming a pole of economic and military power. Meanwhile, the old continent is struggling to speak with one voice and remain relevant, Philippe Gijsels writes.
Economy
China’s manufacturing drops to a 16-month low as Trump’s tariffs bite
China’s factory activity in April fell to its lowest level since December 2023 as US tariffs weighed on business sentiment. Analysts noted that importers have now adopted a “wait-and-see” approach after Chinese manufacturers rushed to complete orders in March.
Business
Trump claims China meeting despite Beijing denying trade talks
Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such talks. Investors, however, saw signs of a de-escalation in the trade war, as global stock markets recovered most of the losses in April.
Economy
Markets rebound as Trump signals cutting China tariffs 'substantially'
Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not sustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.
Economy
China vows retaliation against countries supporting US trade isolation
Beijing has vowed to retaliate if other countries strike trade deals with the United States at the expense of China’s interests, in response to news that the Trump administration is pressuring trading partners to isolate China in negotiations.
Business
Donald Trump announces fees on Chinese-built vessels at US ports
The Trump administration announced new fees on Chinese-built vessels on Thursday, stating that the move aims to "begin to reverse Chinese dominance, address threats to the US supply chain, and send a demand signal for US-built ships."