US Must Land EU Tariff Deal
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Investors are on edge as the U.S. and EU brace for potential new tariffs from President Trump, potentially destabilizing markets. Despite Trump's global tariff plans and resulting market fluctuations,
"The EU and China are broadly on a colliding trajectory in terms of their trade and industrial policy concerns," he told CNBC. Bones of contention include the challenge of China's overcapacity and trade diversion to Europe, Stec, who is also head of the Mercator Institute's Brussels office, explained.
US President Donald Trump speaks during a multilateral lunch with visiting African Leaders in the State Dining Room of the White House in Washington, DC, on July 9, 2025.
The European Union is preparing for a letter from U.S. President Trump regarding planned tariffs, as trade tensions rise. Despite talks for a trade agreement, EU's challenges in negotiations highlight divisions within its members.
Trump has broadened his trade war in recent days, setting new tariffs on a number of countries along with a 50% tariff on copper. Among sectors, European personal and household goods fell 1%, while healthcare stocks declined 0.7%. Defence stocks were up 0.6%.
BENGALURU] European shares closed lower on Friday (Jul 11), as losses in banks and healthcare stocks weighed at the end of a week marred by US President Donald Trump’s tariff announcements, with the European Union (EU) also awaiting a letter on levies from Trump.
The European Union may be nearing a trade agreement with the United States but is struggling to obtain immediate tariff relief and a commitment not to introduce new measures, the head of the European Parliament's trade committee said on Wednesday.
Trump’s proposed 50% tariffs on European Union goods would hit roughly $606 billion in imported products. That’s the value of goods exported to the United States from the European Union in ...
Amidst ongoing trade tensions, BMW's CEO expresses optimism for a US-EU auto tariff agreement. Discover what's at stake for the automotive industry and why a deal is crucial.