25 h. ago He was the EU’s great Brexit survivor. Can Maroš Šefčovič now pull off a trade deal with Trump?

EU’s longest-serving commissioner faces arguably his sternest test with the clock ticking before 9 July deadlineIn May 2019 Maroš Šefčovič was travelling with Donald Trump and his entourage to a liquefied natural gas export terminal in Hackberry, Louisiana. The then European Commission vice-president in charge of energy had flown with Trump onboard Air Force One, calling his wife as the privilege of a first-time flyer on the presidential plane. Once at the facility, Trump gave a typically rambling speech, in which he name-checked Šefčovič from the stage, pointing into the crowd like a gameshow host: “Maroš, thank you very much. Thank you.”“Of course,” recalled someone familiar with the day, “when Trump pronounced his name it was a bit of a disaster”. But for a top-ranking official of a multilateral organisation, this warm welcome was probably as good as it gets when it comes to the US president. Continue reading...

Politics

40 h. ago The ‘big, beautiful’ trade deal India and US are rushing to seal as tariff deadline looms

Can New Delhi and Washington overcome red lines to strike a trade deal ahead of Donald Trump’s tariff deadline?

Economics

3 d. ago As trade deal deadline looms, Trump says he’ll write letters to countries about tariffs: ‘Dear Mr Japan, here’s the story’

President and his administration promised 90 trade deals in 90 days, a deadline that falls on July 8

Economics

5 d. ago Oh, Canada! Trump cuts off all trade talks with US’s northern neighbor citing ‘blatant attack on our country’

President’s fit of pique comes after Canada’s finance department exempted a digital services levy from a Group of Seven agreement on international taxes

Politics

6 d. ago EU ready for trade deal with US but prepared to fail, says von der Leyen

European Commission president says ‘all options on the table’ as Trump threatens 50% steel tariffs The European Commission president, Ursula von der Leyen, has said the EU is ready for a trade deal with Donald Trump, but “all options remain on the table”.Von der Leyen said she was analysing the latest US negotiating document received on Thursday. “Our message today is clear, we are ready for a deal,” she told reporters, after briefing EU leaders at a summit in Brussels. “At the same time, we are preparing for the possibility that no satisfactory agreement is reached and we will defend the European interest as needed. In short, all options remain on the table.” Continue reading...

Economics

8 d. ago EU readies retaliatory tariffs to secure better trade deal with Trump

German chancellor backs more muscular approach ahead of July talks deadline

Economics

1 week ago I grew up on American food. Trust me, it’s the last thing Europe needs | Alexander Hurst

The EU is under pressure to strike a trade deal with Trump, but an influx of mass-produced, low-quality food must be off the tableAll over European media, the take seems to be similar – that the EU is “under pressure” to conclude some sort of deal with the US in order to avoid Donald Trump’s 9 July deadline for the unilateral imposition of broad tariffs. What might be on the table in the attempt to secure that? In early May, the EU trade commissioner, Maroš Šefčovič, was already suggesting that a deal to increase purchases from the US could include agricultural products – a possibility that seems to remain even though Šefčovič later clarified that the EU was not contemplating changing its health or safety standards.Since I have failed to Abba (“Always be boldly acronyming”) and don’t have anything as good as Taco (“Trump always chickens out”) – coined by the Financial Times columnist Robert Armstrong – at the ready, I’ll simply reach for the easy line: opening the door even slightly...

Politics

2 w. ago What this picture tells us about Starmer's relationship with Trump... and why PM's obsession with Europe could wreck a genuine U.S. trade deal: DANIEL HANNAN

As symbolism goes, the physical dropping of the US trade deal was hard to beat.

Politics

2 w. ago Trump on ‘good form’, Starmer says after US president’s trade deal gaffe

Sir Keir Starmer said he rushed to pick up trade deal documents dropped by the US president in order to prevent a security scare.

Politics

2 w. ago Starmer reveals why he rushed to picked up Trump’s trade deal papers at the G7

The prime minister insists there is no reason to be concerned about the US President’s health

Politics

2 w. ago Starmer says he picked up Trump’s dropped papers to avoid security scare

UK prime minister says it ‘would not have been good’ for anyone else such as member of media to try to helpUK politics live – latest updatesKeir Starmer said he rushed to pick up papers dropped by Donald Trump at the G7 summit in Canada mainly to avoid anyone else stepping forward to do so and being tackled by the US president’s security team.Speaking to reporters in Kananaskis a day after Trump fumbled some of the documents about a UK-US trade deal, letting a sheaf of papers tumble to the ground, Starmer said he had little choice but to bend down and help out. Continue reading...

Politics

2 w. ago Keir Starmer shares real reason he picked Donald Trump's papers up off the ground

After Donald Trump dropped the UK/US trade deal on the flooor at the G7 summit, the Prime Minister suggested that if anyone else had tried to pick them up it would not have ended well.

Politics

2 w. ago Starmer warned British jobs at risk without better trade deal from Trump

US tariffs for the steel industry will stand at 25 per cent for now – as negotiations over an improved deal continue

Events

2 w. ago Trump claims EU is not yet offering a fair trade deal – business live

Rolling coverage of the latest economic and financial newsTrump says UK is protected from tariffs ‘because I like them’ as trade deal is signed offIran and Israel crisis: what does it mean for the price of oil?Global oil supply is set to increase “far” faster than demand in the coming years, the International Energy Agency has predicted.In a new report, the IEA argues that oil markets are undergoing structural changes as the key drivers of supply and demand growth of the past 15 years start to fade.This growth is set to be dominated by robust gains in natural gas liquids (NGLs) and other non-crude liquids. The strategic shift towards higher non-crude capacity is driven by strong global demand for petrochemical feedstocks and the development of liquid‑rich gas resources.UK’s FTSE 100: -46 points or -0.5% at 8828 pointsGerman DAX: down 267 points or -1.1% at 23,430 pointsFrench CAC: down 61 points or -0.8% at 7,680 pointsAfter rallying on Monday on hopes that the Israel and Iran confl...

Economics

2 w. ago Has Starmer caved to Trump on trade AGAIN? PM and US president parade deal

Keir Starmer and Donald Trump put on an old pals act at the G7 in Canada as they showed off a text implementing the broad agreement struck last month.

Politics

2 w. ago 'Grovelling' Starmer was 'like a dog wagging its tail' after spawling at Trump's feet in trade deal press conference, body language expert claims

Body language expert Judi James said the moment, which was captured by cameras from around the world, created an image that could prove hard to shake.

Politics

2 w. ago Trump and Starmer finally finalise the ‘big and beautiful’ UK

The UK and US president had a bilateral meeting at the G7 summit in Alberta, Canada, where they finalised the implementation of the trade deal they shook on last month

Politics

2 w. ago Trump says UK is protected from tariffs ‘because I like them’ as trade deal finalised?

UK aerospace sector will face no tariffs from the US while auto industry lowered to 10% from 25%Keir Starmer and Donald Trump have finalised a UK-US trade deal at the G7 summit in Canada, with the US president saying Britain would have protection against future tariffs “because I like them”.The two leaders presented the deal, which covers aerospace and the auto sector, at the G7 venue in Kananaskis, Alberta. Continue reading...

Economics

2 w. ago Trump says UK is protected from tariffs ‘because I like them’ as trade deal is signed off

UK aerospace sector will face no tariffs from the US while auto industry lowered to 10% from 25%Keir Starmer and Donald Trump have signed off a UK-US trade deal at the G7 summit in Canada, with the US president saying Britain would have protection against future tariffs “because I like them”.The two leaders presented the deal, which covers aerospace and the auto sector, at the G7 venue in Kananaskis, Alberta. Continue reading...

Economics

2 w. ago Clumsy Donald Trump drops UK trade deal and announces 'EU agreement' in G7 gaffe

Sir Keir Starmer bent down to pick up several papers and quipped about the 'very important document' after the US Commander-in-Chief embarrassingly spilled them on the ground at the G7 summit

Politics