Ursula von der Leyen
Trump’s tariffs launch a global trade war with no clear off-ramp: Live updates
Dimon: Recession is ‘a likely outcome’ of tariffs Jamie Dimon, CEO of JP Morgan Chase, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC JPMorgan Chase CEO Jamie Dimon says that a recession in the U.S. is a “likely outcome” as a result […]
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Trump tariffs push major U.S. trade partners closer to China: Live updates
Citadel’s Ken Griffin: Trump tariffs are a ‘huge policy mistake’ Ken Griffin, Founder and CEO, Citadel speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters Founder and CEO of Citadel Ken Griffin is taking aim at Trump’s tariffs, calling […]
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Europe stocks head for further declines after worst session in eight months as tariff turmoil continues
European stock markets were heading for a lower open on Friday, with investors still reeling from the scale of U.S. tariffs announced this week. The regional Stoxx 600 index closed 2.57% lower on Thursday, as the world digested the steep duties slapped by U.S. President Donald Trump on more than 180 countries, bringing fears of […]
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European markets retreat on U.S. tariff news; trade bellwether Maersk down 8%: Live updates
Europe stocks open lower Europe’s Stoxx 600 index was 1.6% lower shortly after the market open early on Thursday, as traders assessed the scope and impact of U.S. tariffs. Banks on the index were down 3.2% at 8:10 a.m. U.K. time, while technology stocks fell 2.6%. A range of European firms expected to be hit […]
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Trump threatens ‘far larger’ tariffs if EU and Canada unite to do ‘economic harm’ to the U.S.
U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein | Reuters U.S. President Donald Trump threatened to impose “far larger” tariffs on the European Union (EU) and Canada if they work together to combat trade tariffs. “If the European […]
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Shares of Asia’s automakers fall as Trump announces 25% tariffs on car imports
Recently imported brand new unregistered Honda cars are parked in a storage yard at the Port of Bristol on January 15, 2025 near Bristol, England. Anna Barclay | Getty Images Shares of Asia’s automakers fell after U.S. President Donald Trump announced he will impose tariffs on cars not made in the country. Japanese automakers Toyota […]
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‘Buy European’: Airbus and others call for sovereign fund and higher Europe tech autonomy
European Commission President Ursula von der Leyen attends a press conference after a European Union leaders’ special summit to discuss Ukraine and European defense, in Brussels, Belgium March 6, 2025. Stephanie Lecocq | Reuters Airbus and over 90 other European companies and lobby groups have called on the European Commission to create a sovereign infrastructure […]
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Counter-counter-tariffs? Trump threatens to hit back against EU’s retaliation
U.S. President Donald Trump points as he attends the annual Friends of Ireland luncheon hosted by U.S. House of Representatives Speaker Mike Johnson (R-LA) at the U.S. Capitol in Washington, D.C., U.S., March 12, 2025. Evelyn Hockstein | Reuters U.S. President Donald Trump threatened Wednesday to hit back against Europe’s own retaliatory move to Washington’s […]
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‘Volatility and conflict’: Business leaders sound warnings over Trump’s tariffs
LONDON — President Donald Trump’s trade tariffs are a major concern among U.S. and international business leaders, with industry titans warning of trouble ahead. Speaking at CNBC’s CONVERGE LIVE in Singapore, Bridgewater founder Ray Dalio warned of “fighting” between countries over the duties. “Tariffs are going to cause fighting between countries … I’m not necessarily […]
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We ‘must act’: Europe retaliates against Trump’s 25% tariffs on steel and aluminum imports
Workers of German steel manufacturer Salzgitter AG stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018. Fabian Bimmer | Reuters The European Union has reacted swiftly to U.S. President Donald Trump’s 25% tariffs on steel and aluminum imports that came into effect Wednesday, retaliating with their own punitive counter-measures […]
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