The EU faces slim chances of significantly rebalancing its trade deficit with China, currently at a record €1 billion daily, due to structural economic factors in China and the EU's limited leverage, despite upcoming negotiations and an October deadline for 'tangible' results.
The National Foreign Trade Council has condemned Australia's expanded News Bargaining Incentive, which now includes LinkedIn. The US trade body warned of a deteriorating investment climate, while local experts argue the plan lacks ambition and fails to address AI-driven content.
The EU considers tougher trade measures against China as German industry struggles, while Czech MEP Alexandr Vondra faces conflict-of-interest questions over an undeclared think-tank role backed by defense firms.
Romania downs third drone in as many days, attributing the incidents to Russia, escalating tensions. Meanwhile, the EU manages a delicate trade balance with the US, facing new tariffs and a potentially inflammatory Google fine amid fragile truce.
The Gordie Howe International Bridge, connecting the US and Canada over the Detroit River, is set to open to traffic Monday after a ceremony in Windsor, Ontario. The event was scaled back due to new US tariffs on Canadian goods, highlighting ongoing trade tensions.
Officials in Windsor, Ontario, celebrate the opening of the Gordie Howe International Bridge, expected to boost US-Canada trade. The ceremony was split due to new US tariffs on Canadian goods, highlighting strained bilateral relations despite the bridge's economic importance.
China's Ministry of Science and Technology and the European Commission have signed a two-year joint research funding agreement, supporting scientific cooperation until 2027 in areas like food, agriculture, biosolutions, climate change, and biodiversity.
US President Donald Trump imposed a 50% tariff on various Canadian goods, including wine and cement, citing "unequal treatment." Canadian PM Mark Carney warned of potential retaliation while agreeing to intensify trade talks, as tensions escalate after 18 months of trade disputes.
President Trump imposed 50% tariffs on Canadian imports, including alcohol and hockey sticks, citing "continued discrimination" against American goods. This move, following a confrontation with PM Mark Carney over wildfires, escalates trade tensions and raises fears of a deepening trade war between the historically close allies.
US President Donald Trump will impose new 50% tariffs on Canadian goods, including wine and automobiles, citing "discriminatory treatment" against US products. Canada's PM Mark Carney called it a "direct violation" of USMCA, ready for discussions.
US President Donald Trump imposed 50% tariffs on Canadian goods like wine, hockey sticks, and cement, citing 'unequal treatment' for US cars, dairy, and alcohol. This escalates trade tensions, with Canada's PM Mark Carney ready to intensify talks, despite existing USMCA agreement.
US President Donald Trump imposed 50% tariffs on most Canadian goods, citing unfair discrimination against American products. The move, under Section 338 of the Trade Act, exempts some items but applies to many previously protected under the expired USMCA, escalating trade tensions and economic uncertainty.
US President Donald Trump imposed 50% tariffs on various Canadian goods, including cars, dairy, and alcohol, citing "unequal treatment." The duties, effective in 30 days, escalate trade tensions, prompting Canadian PM Mark Carney to express readiness for intensified talks.
As trade tensions with China escalate, EU officials are engaging Beijing to de-escalate while simultaneously preparing for a potential trade war to protect its industries from deindustrialisation. Brussels aims to acquire retaliatory tools to counter coercive trade practices.
The EU's current trade disputes with China share similarities with the 1970s-80s trade conflict between Europe and Japan, particularly concerning fears of import competition undermining domestic production in sectors like autos and electronics. However, China's geopolitical status as a "systemic rival" distinguishes it from Japan, which was a political ally.
Reliance Jio plans a US$3.8-4 billion IPO, potentially India's largest, to retire debt. This move could spur other digital firms to raise funds, with market conditions stabilizing and improved global sentiment aiding IPO launches.
EU and China agreed to use shared trade data to monitor import surges, escalating to political talks if a "red" zone is crossed. EU's Sefcovic reported "intensive, focused and constructive" talks but warned of EU action if meaningful progress isn't made by autumn.
Eric Cantor of Moelis & Company states that Asian investors continue to seek exposure to the U.S. despite trade tensions, valuing the rule of law and a U.S. presence in Asia amidst China's opacity. He also discusses U.S.-China trade, economic security, and predicts Republican control of the House in upcoming midterms.
The U.S. Soybean Export Council highlights quality differences between American and Brazilian soybeans to regain market share in China, amid ongoing trade tensions and Brazil's increased dominance in Chinese imports.
Chinese exports of energy-related products to the US saw significant growth in May. Unassembled photovoltaic cells surged 346% year-on-year, while lithium-ion batteries and lead-acid batteries also posted strong gains, reflecting eased trade tensions and US energy system demand.
Taiwan's agriculture ministry warned farmers against China's plan to increase atemoya imports, calling it a 'raise, trap, kill' tactic. This follows previous import bans and taxes on Taiwanese fruit, highlighting ongoing trade tensions and China's non-military pressure tactics.
US President Donald Trump described Indian Prime Minister Narendra Modi as 'a very tough cookie' and one of the world leaders he most admires, in a wide-ranging interview with Axios. He also praised Chinese President Xi Jinping as 'all business'.
China held a forum in Berlin to promote imports from the EU, aiming to ease trade tensions and address its growing trade surplus. The event, attended by officials and executives, sought to showcase China's market potential amid rising regulatory hurdles and geopolitical shifts in Europe.
The European Parliament approved a deal to remove EU import duties and ease access for US goods, averting further tariff conflicts and setting tariffs on EU imports to the US.
