19 h. ago Between ‘rollover UK’ and ‘retaliatory China’: will EU hardball secure trade deal with US?

Optimism is growing in Brussels, but high-risk strategy has only weeks to play out before pause in tariff threat endsIn Brussels’ corridors of power, quiet optimism is growing that the EU’s hardball strategy to secure a US trade deal is working. While Britain quickly moved to try to cushion the impact of Donald Trump’s tariffs with a deal agreed last month – and US-Chinese relations are a tit-for-tat situation – the EU has taken a different stance. “We are positioning ourselves between ‘rollover UK’ and ‘retaliatory China’,” said a Brussels source.The stakes are not just the £706bn in transatlantic trade between the EU and US but the fallout from what diplomats and businesses say is a dangerous assault on the global rules-based system that governs western democracy. Continue reading...

Economics

3 d. ago Merz plans €46bn corporate tax breaks to revive German economy

Finance minister Lars Klingbeil will outline measures to boost corporate investments amid threat of US tariffs

Economics

1 week ago Trump accuses EU of dragging its heels on a tariff deal with the US

Fears of trade war reignited as the American president makes veiled threat on his Truth Social platformDonald Trump said the EU had been dragging its heels “to put it mildly” on sealing a tariff deal with the US, repeating his assessment that his threat of a 50% tariff on imports from the bloc was an “extremely” satisfactory move.He commended the EU for calling to “quickly establish meeting dates” but reignited fears of a trade war with the region by adding criticism of the EU to his statement on his Truth Social platform on Tuesday. Continue reading...

Economics

1 week ago Apple’s triple threat: tariffs, AI troubles and a Fortnite fail

Once unshakable, Apple is showing rare signs of strain. Meanwhile, OpenAI bets billions on its next act, and Trump’s crypto fans lose millionsHello, and welcome to TechScape. This week in tech: Apple struggles on multiple fronts, OpenAI grows increasingly ambitious, and Trump helps some of his fans lose money on cryptocurrency. Continue reading...

Events

1 week ago Trump delays 50 percent tariff threat to European Union until July 9

European Commission president requested the extension, Trump said

Politics

2 w. ago Apple sees stock drop after Trump threatens 25 percent tariffs unless they build iPhones in America

President Donald Trump made the threats after he reportedly met with Apple CEO Tim Cook at the White House earlier in the week

Politics

2 w. ago European markets suffer losses after Trump ‘recommends’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net export...

Economics

2 w. ago What EU exports are hit hardest by Trump’s 50% tariff threat?

More than a fifth of all EU goods exports are to the US market

Events

2 w. ago Apple stocks sink after Trump threatens 25 percent tariffs unless they build iPhones in America

The president made the threat against the tech giant in a Truth Social post

Politics

2 w. ago Trump ‘recommending’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTypical energy bill in Great Britain to fall 7% to £1,720 a year from JulyAs well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net exports an...

Politics

2 w. ago Guinness owner hit by US trade tariffs, Just Eat takeover agreed and AI assisted shopping surge

From Just Eat’s £3.4bn sale and Diageo’s warning over US tariffs, to progress in Keir Starmer’s EU talks, a threat to UK gas storage, record house prices and a surge in AI-assisted shopping – here are today’s top UK business stories.

Economics

3 w. ago ITV set for ad sales fall but does not expect hit from Trump film tariff threat

The group said it was still assessing the ‘possibility of trade tariffs in the US’.

Events

3 w. ago Trump tariff threat worries India’s film industry: ‘Could end theatrical releases in US’

US president wants to impose 100 per cent levy on all films made outside US

Politics

3 w. ago Trump seeks to lower US drugs prices with tariff threat to Europe

White House sets out plans for price targets and eliminating ‘middlemen’ in executive order

Events

3 w. ago White House pushes lower US drugs prices with tariff threat to Europe

Trump sets out plans for price targets and eliminating ‘middlemen’ in executive order

Events

3 w. ago Rush of copper to US because of tariff threat creates shortages in continental Europe

Region’s spot market hit by lack of the red metal for immediate delivery, pushing up premiums on top of benchmark LME prices

Events

4 w. ago The Guardian view on the impact of Trump’s film tariffs: a disaster movie waiting to happen | Editorial

The US president’s proposed levies will badly hit the UK industry just as it is recovering from a series of blowsBarbieland, the Emerald City and a galaxy far, far away were all built – at least in part – at film studios just outside London. Now the UK film industry has come crashing down to earth with Donald Trump’s threat to impose 100% tariffs on all movies “produced in foreign lands”. “Hollywood is being destroyed,” Mr Trump announced, like an action hero on a mission. “Other nations have stolen our movie industry.” In the UK the news was met with warnings that the British film sector would be “wiped out” by such a “knock-out blow”. Brian Cox, the Succession star, called the proposed tariffs “an absolute disaster”. Roll the opening credits.Mr Trump has a point. New instalments of Marvel’s Avengers and Spider-Man are filming around London this summer. No wonder the president wants “MOVIES MADE IN AMERICA, AGAIN!” The UK’s generous tax incentives, skills base and state-of-the-art ...

Politics

4 w. ago Ban this foreign filth! Can cinema really threaten national security?

The US president’s plan for Hollywood is full of plot holes. But when it comes to the hidden propaganda baked into movies, he may have a pointAs always with pronouncements by President Trump, once you had peeled away the xenophobia, removed the stew of resentment, ignored the sheer idiocy and asterisked the possible illegality, there was a small kernel of truth to his posting on Truth Social last Sunday. “The Movie Industry in America is DYING a very fast death,” he wrote, pointing to the nefarious tax breaks other countries gave film-makers as “a National Security threat” and proposing an 100% tariff on films made oversees. “It is, in addition to everything else, messaging and propaganda! WE WANT MOVIES MADE IN AMERICA AGAIN!”How would a 100% tariff on films made oversees work? Just movies shot overseas? What about movies set overseas? And who would pay? How do you impose tariffs on goods without a port of entry? “Commerce is figuring it out,” said a White House official. In fact, ...

Events

last month The Bank of England is expected to cut interest rates in the face of US tariffs threat

The Bank of England is widely expected to cut interest rates on Thursday as a result of the potential shock to growth emanating from the tariff policies of the Trump administration

Economics