More about this topic
ADVERTISEMENT
Europe News
EU's Kallas warns against Russia and China's growing alliance
EU's foreign policy chief expressed alarm on Saturday over Russia-China ties amid North Korean troops in Ukraine. Meanwhile, the US Defence Secretary Pete Hegseth warned of Beijing's increasing threat, urging higher defence spending.
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.
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.
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.