Trade
How big European Union tariff could backfire on Trump, according to trade, freight experts
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty Images President Trump’s social media tariffs threats against Apple and the European Union reflect a worrying issue for the markets and economy, according to trade […]
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Trump recommends 50% tariff on European Union starting June 1
President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled. The steep new import duties would start on June 1, Trump wrote on Truth Social. The EU “has been very difficult to deal with,” Trump wrote. “Our discussions with them are […]
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BYD beats Tesla in European EV sales despite EU tariffs in ‘watershed moment,’ report says
Though the difference between the two brands’ monthly sales totals is relatively small, the implications of BYD beating out Tesla “are enormous,” says Felipe Munoz, global automotive analyst at JATO Dynamics. Jaap Arriens | Nurphoto | Getty Images BYD sold more pure battery electric vehicles in Europe than Tesla for the first time ever last […]
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U.S. tariffs pose a ‘real challenge’ to Europe, Barclays CEO says
Barclays CEO C. S. Venkatakrishnan speak during the Barclays Sustainable Finance conference in New York City, U.S., March 19, 2024. Brendan McDermid | Reuters Washington’s protectionist trade policies are posing a “real challenge” to European nations as they seek to raise their security contributions, according to Barclays CEO C. S. Venkatakrishnan. “I think Europe has […]
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CNBC Daily Open: U.S. market sell-off on deficit fears unlikely to be stemmed by any ‘Trump put’
U.S. President Donald Trump, accompanied by Speaker of the House Mike Johnson, speaking to the media as he departs a House Republican meeting at the U.S. Capitol on May 20, 2025, in Washington, D.C. Andrew Harnik | Getty Images News | Getty Images It’s one bad headline after another coming from the White House these […]
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A ‘fundamental regime shift’ could be underway as investors rethink U.S. assets, ECB says
Luis de Guindos, vice president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Jan. 30, 2025. Alex Kraus/Bloomberg via Getty Images The European Central Bank on Wednesday said a “fundamental regime change” could be underway in financial markets as investors appear to be reassessing how risky […]
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UK suspends trade talks with Israel over new Gaza offensive
People gather in the yard of the Ahli Arab hospital, also known as the Baptist hospital, to mourn and bid farewell to the bodies of victims killed in Israeli bombardment in Gaza City, on March 18, 2025. Majdi Fathi | Nurphoto | Getty Images Britain on Tuesday paused free trade talks with Israel, summoned its […]
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Chinese businesses stick to diversifying away from the U.S. despite trade truce, survey shows
Vessels carrying shipping containers sail near Kwai Tsing Container Terminal in Hong Kong, China, April 23, 2025. Tyrone Siu | Reuters The intense trade war with the U.S. has left lasting scars on Chinese exporters with many looking to diversify away from the U.S., despite the temporary tariff reprieves, a private survey found. Based on […]
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Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion
U.S. births rose by 1% in 2024, with 3.6 million births recorded for the year, according to the CDC’s National Center for Health Statistics. SAN DIEGO, CALIFORNIA – OCTOBER 26: A woman pushes a stroller while walking along the La Jolla coastline at sunset on October, 2024 in San Diego, California. (Photo by Kevin Carter/Getty […]
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China says U.S. undermined trade talks with Huawei chip warning
U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via Reuters […]
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