European governments and companies reacted with a mix of relief and concern on Monday (July 28th) to the framework trade agreement reached with US President Donald Trump. They acknowledged what they considered an unbalanced deal, but managed to avoid a deeper trade war. The agreement announced Sunday between the two countries, which account for nearly a third of global trade, will see the US impose 15% import tariffs on most EU goods – half the threatened tariffs, but much higher than Europe had hoped. However, many specific details of the deal remain unknown. "While awaiting the full...
In a post published on Truth Social on Wednesday (11/6), US President Donald Trump said that a trade deal with China is done and added that the deal is now waiting for final approval from himself and Chinese President Xi Jinping. "The complete magnets, and the rare earths that are needed, will be supplied, up front, by China. Likewise, we will provide what has been agreed to to China, including Chinese students who use our colleges and universities (which is always nice of me!)," Trump said, adding: "We get a total tariff of 55%, China gets 10%. Very good relationship! Thank you for your...
U.S. core inflation rose less than forecast in May for a fourth straight month, suggesting businesses are looking for ways to limit how much of their higher rates cost customers. The consumer price index, which excludes the often volatile food and energy categories, rose 0.1% from April, according to Bureau of Labor Statistics data released Wednesday. It was up 2.8% from a year ago. (alg) Source: Bloomberg
The US and China ended two days of high-stakes trade talks with a plan to revive the flow of sensitive goods — a framework that now awaits the blessing of Donald Trump and Xi Jinping. After about 20 hours of negotiations in London, US Commerce Secretary Howard Lutnick said the two sides had laid out a framework for implementing the Geneva consensus that lowered tariffs last month. "First of all, we have to get rid of the negatives," he said. "Now, we can move forward to try to have positive trade, to increase trade." While the more upbeat tone should reassure investors worried about the...
For months, Donald Trump has imposed unprecedented levels of tariffs and trade restrictions on China, part of a strategy to force Xi Jinping into talks that the U.S. president hopes will help cut the trade deficit and boost American manufacturing. With U.S. tariffs soaring to 145% and the Trump administration boasting that it has the upper hand over China, Beijing has turned the tables, essentially halting exports of the one thing the modern world can't live without: rare-earth magnets. As slowing shipments of products containing obscure elements like dysprosium and terbium begin to pinch...
The United States (US) and China agreed to a preliminary deal on how to implement the consensus the two sides reached in Geneva, per Bloomberg. US negotiators said early Wednesday that they "absolutely expect" that issues around shipments of rare earth minerals and magnets will be resolved with the framework implementation, even though the full details of their deal weren't immediately available. Market reaction At the time of press, the US Dollar Index was down 0.06% on the day at 99.0. Source : Fxstreet
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
The United States and European Union have reached a landmark trade agreement that includes a 15% tariff on EU goods entering the U.S., President Donald Trump announced Sunday while in Scotland.
The...