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Economy

President Trump says he’ll set unilateral tariff rates within weeks

The president said that he would set country-specific rates in less than two weeks — after reaching a tariff deal with China.

Economy

US inflation rose slightly last month as grocery prices ticked higher

Inflation remains stubbornly above the Federal Reserve’s 2% target, which makes it less likely that the central bank will cut its key short-term interest rate.

Economy

Trump says US has reached a trade deal with China

Beijing will supply the US with rare earths and magnets while the US will allow Chinese students to attend its colleges and universities.

USA

US and China agree on trade framework after talks in London

The London talks are the latest in the two countries’ joint efforts to find a middle ground to resolve a trade dispute which threatens to plunge the world into recession and economic instability.

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Economy

World Bank: Economy set for worst run since 2008 outside of recessions

The group has cut its growth forecasts in nearly 70% of all economies — across all regions and income groups.

Markets

Asian shares make modest gains as investors eye US-China talks

Trade talks between the US and China are to continue for a second day in London.

Europe News

UK trade minister keen to use EU e-gates ‘as soon as possible’

Jonathan Reynolds to deliver a keynote address during summit on economic security in Brussels on Thursday, he spoke to Euronews at the UK residence in Brussels.

Economy

Trump doubles US tariffs on steel and aluminium imports to 50%

The UK is the only nation exempt from the tariff increase after it struck a deal with the US early last month.

Markets

European stocks rise as Trump tariffs are temporarily reinstated

European markets were higher on Friday after an appeals court agreed to pause a trade court ruling that had blocked the enforcement of US President Donald Trump's sweeping trade levies.

Economy

US economy falls 0.2% in the first quarter, hit by Trump's trade war

First-quarter growth was brought down by a surge in imports as companies in the United States hurried to bring in foreign goods before the president imposed massive import taxes.

Economy

What happens to Trump’s tariffs now a court has knocked them down?

The court’s decision blocks the tariffs Trump imposed last month on almost all US trading partners and levies he imposed before that on China, Mexico and Canada.

Economy

Markets jump after court rules against Donald Trump's sweeping tariffs

Asian shares have advanced and US futures jumped after a federal court blocked President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law.

Economy

What EU exports could be hit hardest by Trump’s 50% tariff threat?

Key sectors, including chemicals, machinery and vehicles, could be the hardest hit by the US President’s threat of imposing 50% tariffs on EU goods.

Markets

European markets open higher as Trump delays 50% tariffs on the EU

Stock futures surged after US President Donald Trump agreed to postpone the planned 50% tariffs on the European Union, but the US dollar remained under pressure amid waning investor confidence in US assets, pushing the euro to a one-month high.

Economy

EU urges 'respect' after Trump threatens 50% tariffs

The EU's Commissioner for Trade and Economic Security Maros Sefcovic said the bloc is committed to securing a trade deal that "works for both" and that is based on "respect, not threats" after US President Trump threatened a 50% tax on all imports from the European Union.

Business

Japan's Prime Minister urges Trump to choose investment over tariffs

Japan's Prime Minister Shigeru Ishiba said on Friday that he held telephone talks with US President Donald Trump and agreed to hold “productive" discussions at an upcoming tariff talks between the two sides.

Economy

China cuts key lending rates to record lows to counter US tariffs hit

China’s central bank has cut its key lending rates to record lows to bolster the economy and cushion the impact of escalating trade tensions with the United States. The move follows a sweeping stimulus package announced earlier this month.

Economy

How much will Trump’s tariffs drag on the EU economy in 2025?

The European Commission cut back its growth forecasts for this year and the next on Monday, due to the impact of US President Donald Trump’s tariff policies.

Economy

China's economy slows in April as trade war blues hit retail sales

China’s economy showed signs of slowing in April as President Donald Trump's trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast.

Economy

Trump suggests India offered to drop tariffs to zero on US goods

The US President's words were not immediately acknowledged by New Delhi.