With less than two days to go until the White House’s Friday tariff deadline, the trade policy landscape remains mixed. President Donald Trump said that he will not extend Friday’s deadline for his “reciprocal” tariffs on dozens of countries that do business with the U.S., including top trading partners Mexico, Canada and China. “THE AUGUST…
Investors await key economic data Investors await new key economic data, interest rate decision 03:36 The U.S. economy surged between April and June after shrinking in the first three months of the year, driven by a large shift in imports tied to President Trump’s trade policies. By the numbers The country’s GDP increased at an…
ADVERTISEMENT German politicians across party lines denounced European Commission President Ursula von der Leyen on Tuesday, calling for her resignation after she agreed to asymmetric trade terms that impose 15% US tariffs on EU exports while granting Americans duty-free access to European markets. The deal, struck under pressure from German Chancellor Friedrich Merz both in…
By David Gaffen and Marleen Kaesebier (Reuters) -U.S. President Donald Trump is getting his tariffs. Companies are making it clear how they intend to deal with it – passing them on to American consumers. Throughout the spring, big retailers and consumer product makers warned that levies on imported goods would squeeze their operations, forcing them…
The Trump administration’s trade policy faces a critical test this week as a federal court weighs the legality of its sweeping tariffs. The U.S. Court of Appeals for the Federal Circuit in Washington, D.C., is scheduled to hear oral arguments on Thursday in V.O.S. Selections v. Trump, a case brought by five small business owners…
WASHINGTON (Gray DC) – A massive trade deal reached between the U.S. and the European Union. It comes just three days before the U.S.-imposed deadline. It consists of a 15% tariff on most imported goods from the 27 European Union countries, like cars, wine, pharmaceuticals, and industrial machinery. The announcement came during a meeting with…
The new trade agreement between the U.S. and the European Union will lift tariffs on imports of goods from EU countries to their highest level in decades and hurt the trading bloc’s economic growth, according to some experts. “It is an asymmetric and unbalanced deal,” economists with investment bank Société Générale said in a…
President Trump is meeting on Monday with U.K. Prime Minister Keir Starmer during the U.S. leader’s visit to Scotland. While ostensibly a private trip, marked by multiple rounds of golf on his own luxury courses, Mr. Trump has also done some business — including nailing down a long-sought-after U.S.-European Union trade agreement. After meeting for…
Financial markets around the world welcomed a framework trade agreement on Monday between the United States and the European Union with a 15 percent U.S. tariff on most EU goods and billions of dollars of European investment. U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the agreement on Sunday at…
Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday, according to sources close to the matter on both sides. China and the United States agreed in May to remove most of the heavy tariffs levied on each other’s goods for 90 days…