Economy News

Economy

EU Announces Bold Countermeasures Against US Tariffs, Effective April 15

The EU announces countermeasures to US tariffs, effective April 15, with a second phase in May. Affecting 70% of EU exports, the EU seeks a strategic response without altering VAT,...

Economy

UK's Starmer Warns of Future Challenges with New Automotive Tariffs and Trade Wars

British Prime Minister Keir Starmer warns of the significant economic challenges posed by new tariffs on automotive exports and other goods, calling for national unity and urgent a...

Economy

Trump Escalates Trade War: Threatens China with Staggering 50% Tariffs Unless Retaliation Ceases

US President Donald Trump threatens to impose an additional 50% tariff on Chinese goods unless Beijing withdraws its retaliatory tariffs by April 8, escalating the trade war amidst...

Economy

White House Denies 90-Day Tariff Pause as Fake News, Stocks React Volatilely

CNBC retracted a report on a 90-day tariff suspension after the White House labeled it as fake news, leading to volatile stock market reactions. The Dow Jones initially gained but ...

Economy

EU Strikes Back: First Round of Countermeasures Against US Tariffs to Launch April 15

The EU is set to enforce countermeasures against US tariffs starting April 15, following a vote on April 9. With €380 billion of exports at stake, the EU seeks a strategic response...

Economy

China Accuses US of Economic Bullying: A Threat to Global Trade and Equality

Chinese Foreign Ministry spokesperson Lin Jian criticizes the US for using tariffs as a tool for economic bullying, highlighting the negative impact on the Global South and calling...

Economy

Eurozone Retail Sales Show Promising Growth: A 0.3% Rise in February Sparks Economic Optimism

In February, the Eurozone saw a 0.3% increase in retail sales compared to January, with the EU close behind at 0.2%. Yearly growth was even stronger, at 2.3% for the Eurozone and 2...

Economy

Trump's Tariffs Threaten EU Corporate Sectors: Chemicals, Automotive, and Hardware at Greatest Risk

Fitch Ratings warns that Trump administration tariffs could weaken EU corporate sectors, with chemicals, automotive, and hardware most at risk. EU firms may also face increased com...