Nor would taking Russian energy out of the equation make much difference: The bloc spent just €23 billion on oil, gas and nuclear imports from Moscow last year. At the same time, the U.S. only sent $166 billion in oil and gas abroad last year, Page explained, meaning it would have to divert all its…
A cargo ship loads and unloads foreign trade containers at Qingdao Port in Qingdao, Shandong Province, China, on July 25, 2025. Nurphoto | Nurphoto | Getty Images Exports from China to the U.S. could fall by close to a half-trillion dollars ($485 billion) between now and 2027, according to a tariff simulator that forecasts shifts…
Donald Trump surprised many when he hinted that a China trade deal is already in place. He didn’t share details but joked, We’ve kind of reached one already, but let’s see how it unfolds before meeting EU Commission President Ursula von der Leyen in Scotland. This week, top U.S. and Chinese negotiators head to Stockholm…
WASHINGTON – When top U.S. and Chinese officials meet in Stockholm, they are almost certain to agree to at least leaving tariffs at the current levels while working toward a meeting between their presidents later this year for a more lasting trade deal between the world’s two largest economies, analysts say. Treasury Secretary Scott Bessent…
U.S. President Donald Trump shakes hands with European Commission President Ursula von der Leyen, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, on July 27, 2025. Evelyn Hockstein | Reuters President Donald Trump announced Sunday that the U.S. reached a trade deal with the European Union, following pivotal…
Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025. David A. Grogan | CNBC Commerce Secretary Howard Lutnick said Sunday that the European Union should agree to open its markets for U.S. exports to convince President Donald Trump to…
Putin BOMBARDS Kharkiv; Ukraine Emergency Services Take Cover As Russian Kamikaze Drones Strike Russia unleashed a wave of destruction across Ukraine using guided bombs, ballistic missiles, and kamikaze drones, striking multiple cities overnight. Kharkiv suffered the brunt of the assault, with dramatic footage showing emergency workers taking cover amid renewed Russian attacks. Fires erupted, buildings…
EDINBURGH, Scotland (AP) — Donald Trump is meeting Sunday with European Commission President Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates now that the White House’s deadline to impose stiff tariff rates is looming. Donald Trump played golf Saturday at…
WASHINGTON (AP) — President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It’s an astonishing figure, but still subject to negotiation and perhaps not the sure thing he’s portraying. “Japan is putting up $550 billion in order to lower…
Ursula von der Leyen (CDU), President of the European Commission, stands in the European Parliament building and speaks. Picture Alliance | Picture Alliance | Getty Images European Commission President Ursula von der Leyen will meet with U.S. President Donald Trump in Scotland over the weekend, aiming to reach a framework trade agreement shortly before a…