President’s 90-day pause on reciprocal levies expires on July 9 Economics
European Commission expects to hear on Thursday whether leaders want quick trade deal or tough reactionEuropean leaders will tell the European Commission later on Thursday whether they want a quick trade deal with the US, or favour a tough response to Donald Trump’s tariff threats.The European Commission president, Ursula von der Leyen, is expected to update EU leaders over dinner on Thursday on trade talks with the US ahead of a looming 9 July deadline. Continue reading... Politics
German chancellor backs more muscular approach ahead of July talks deadline Economics
Sir Keir Starmer knows that he needs to leave the G7 in Canada with his US/ UK trade deal fully implemented as he prepares to meet Trump Economics
President Donald Trump’s sweeping ‘Liberation Day’ tariffs that he ushered in on April 2 are set to go into effect in less than a month Economics
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
The reported letter may be a sign of Donald Trump’s eagerness — or, perhaps, desperation — to secure trade deals before his 90-day tariff pause expires on July 9 Events
