EU to Set Out Potential U.S. Tariff Targets

The European Union is set to publish a list on Thursday of more than $100 billion​ worth of American products it could hit with tariffs if trade negotiations with the U.S. break down, people familiar with the matter said. The list was prepared by the European Commission, the bloc’s executive body, which is responsible for EU trade policy. The EU previously approved a separate list of 21 billion euros worth of U.S. imports that it had planned to hit with tariffs, including boats, soybeans, peanut butter and beef.

Brought to you by Yahoo! Finance

07 May, 2025
/ 15:03

Slight Bounce by the Dollar Despite Weaker GDP

American advance GDP for the first quarter surprised at negative 0.3%.

Brought to you by Yahoo! Finance

02 May, 2025
/ 09:30

Manufacturing Perks Up in Europe, Likely Helped by Rush to Beat Tariffs

European manufacturers probably got a fillip from trade tensions, new data indicates. Eurozone manufacturing activity rose to a more than two-year high this month, according to an early reading from an S&P Global purchasing managers index.

Brought to you by Yahoo! Finance

23 Apr, 2025
/ 10:24

Italy: US Tariffs and Slow EU-fund Absorption Weaken Near-term Growth

Italy’s economy is set to grow more slowly in 2025-26 given US tariffs and delays in recovery-plan investments. Still, reforms and continuing EU-fund deployment should support medium-term growth after 2026.

Brought to you by Yahoo! Finance

22 Apr, 2025
/ 20:17

Sovereign Credit: US Policy Shifts Point to Tariff-light, Trade-war, Economic-crisis Scenarios

Three scenarios for the sovereign credit outlook have emerged from the uncertainty over US trade policy – “tariff-light”, trade war, or a wider economic and financial crisis including introduction of capital controls.

Brought to you by Yahoo! Finance

17 Apr, 2025
/ 17:45

ECB Cuts Rates to Counter Tariff Threat

The European Central Bank cut interest rates by a quarter point to offset the blow from tariffs, drawing attention from President Trump, who urged the Federal Reserve to follow suit. The euro weakened further against the dollar after the announcement.

Brought to you by Yahoo! Finance

17 Apr, 2025
/ 12:20

Sterling Mostly Holds Strength Despite Lower Inflation

After quite an active week of British data, the pound has generally held its strength or gained in various pairs.

Brought to you by Yahoo! Finance

17 Apr, 2025
/ 08:33

The Euro Is Emerging as Alternative Safe Haven Along With Bunds

(Bloomberg) -- The euro’s fastest rally in a decade and a half is gaining traction, with traders betting on a move to $1.20 and strategists scrambling to update their forecasts.Most Read from BloombergThe Secret Formula for Faster TrainsNYC Tourist Helicopter Crashes in Hudson River, Killing SixEven Oslo Has an Air Quality ProblemInside the Quiet, Extravagant Expansion of the Frick CollectionLisbon Mayor Wants Companies to Help Fix City’s Housing ShortageEurope’s common currency hit its stronges

Brought to you by Yahoo! Finance

14 Apr, 2025
/ 07:30

Dollar Sinks, on Pace for Worst Week Since 2022

The dollar is under pressure as President Trump's tariff strategy erodes global investors' confidence in American assets. China's decision to raise tariffs on U.S. goods to 125% on Friday sparked a new wave of selling. "The question of a potential dollar confidence crisis has now been definitively answered—we are experiencing one in full force," wrote ING's Francesco Pesole.

Brought to you by Yahoo! Finance

11 Apr, 2025
/ 09:46

France’s Macron Says Tariffs Pause ‘Remains Fragile’

The partial suspension of U.S. tariffs “remains fragile,” and the European Union must continue to prepare counter-measures to defend itself, French President Emmanuel Macron said Friday. While the pause opens a door for talks, Macron said in a post on X, it also continues “uncertainty for businesses on both sides of the Atlantic” and leaves intact the 25% tariffs on steel and cars, and 10% tariffs on other goods.

Brought to you by Yahoo! Finance

11 Apr, 2025
/ 06:25

EU to Pause Retaliatory Tariffs

The European Union will suspend its first wave of retaliatory duties against the U.S. for 90 days to focus on negotiations, after the Trump administration paused some global tariffs, a top EU official said.

Brought to you by Yahoo! Finance

10 Apr, 2025
/ 15:36

US Trade Policy: Wide-ranging Tariff Increases Heighten Global Credit Risk

The balance of risks for the global credit outlook remains negative. The United States government’s wide-ranging new import tariffs have exacerbated global economic and financial vulnerabilities.

Brought to you by Yahoo! Finance

10 Apr, 2025
/ 11:28

EU Chief Welcomes Trump Tariff Pause

European Commission President Ursula von der Leyen said she welcomes President Trump’s decision to pause some tariffs, calling it an important step toward stabilizing the global economy. The move came after European Union member states approved a plan on Wednesday to retaliate against U.S. steel and aluminum tariffs with duties on about 21 billion euros worth of American products, equivalent to about $23 billion. “Clear, predictable conditions are essential for trade and supply chains to function,” von der Leyen said early Thursday.

Brought to you by Yahoo! Finance

10 Apr, 2025
/ 08:17

Europe Plows Ahead With Retaliatory Tariffs

The European Union is moving ahead with imposing tariffs on a wide range of American products—including chewing gum, motorcycles and peanut butter—in retaliation for U.S. steel and aluminum duties. The tariffs target about 21 billion euros, or roughly $23 billion, of U.

Brought to you by Yahoo! Finance

09 Apr, 2025
/ 13:26

Europe Rushes to Prepare Second Phase of Tariff Fightback

The European Union’s executive arm is scrambling to assemble a package that will respond to President Trump’s 20% across-the-board tariffs and automotive duties. The European Commission could present EU member states with a plan as soon as next week, a spokesman said. States will vote Wednesday on a first phase of retaliation, in response to earlier U.S. metals tariffs, that involves duties on U.S. goods including boats, peanut butter and motorcycles.

Brought to you by Yahoo! Finance

08 Apr, 2025
/ 13:09

EU Offered ‘Zero-for-Zero’ Industrial Goods Tariffs in Talks With U.S.

A top European Union official said the bloc offered “zero-for-zero” tariffs for industrial goods during trade discussions with U.S. officials. “We stand ready to negotiate with the U.S.,” European Commission President Ursula von der Leyen said. Von der Leyen added the EU prefers a negotiated solution but is also prepared to respond to U.S. tariffs with countermeasures.

Brought to you by Yahoo! Finance

07 Apr, 2025
/ 13:30

Europe Is Prepared to Retaliate but Prefers to Negotiate, Says German Diplomat

The European Union is prepared to retaliate against the 20% tariff that its faces from the U.S. if a compromised settlement can’t be reached, Miguel Berger, Germany’s ambassador to the U.K., said in an interview with Sky News on Sunday. Berger described the planned tariffs as “the biggest assault we have seen since the end of the second world war on global trade” but said that negotiation is preferable to the riskier strategy of initiating a trade war. “If we would take counter measures we would hurt our automotive industry twice,” Berger said.

Brought to you by Yahoo! Finance

06 Apr, 2025
/ 21:10

Europe Shouldn’t Retaliate in Kind to U.S. Tariffs, Says French Finance Minister

France’s finance minister said the European Union shouldn’t respond to President Trump's reciprocal tariffs with similar countermeasures as it would hurt Europe’s economy and consumers. "We are working on a package of responses that can go beyond tariffs to bring the U.S. to the negotiating table and reach a balanced agreement," Éric Lombard said in a TV interview on Friday. "If we do like the U.S., if we apply tariffs to all American imports, we will also have a negative effect in Europe," he added.

Brought to you by Yahoo! Finance

04 Apr, 2025
/ 09:34

Germany Dubs Trump's Tariffs 'Inflation Day'

President Trump’s tariff announcement was “inflation day,” said Germany's economics minister, Robert Habeck, predicting the measures would cause economic damage to both the U.S. and its trading partners. Habeck, whose party won’t participate in the upcoming coalition led by conservative politician Friedrich Merz, called for negotiations between the U.S. and the European Commission, which sets trade policy for the European Union.

Brought to you by Yahoo! Finance

03 Apr, 2025
/ 13:56

Why Is the Dollar Tumbling?

The dollar fell sharply on Thursday, as investors bet President Trump's tariffs will blow back on the U.S. economy. The WSJ Dollar Index fell about 1.5% to its lowest level since mid-October. The Canadian dollar hit a nearly 4-month high.

Brought to you by Yahoo! Finance

03 Apr, 2025
/ 13:16

Challenges for the Pound After Inflation and GDP Edge Down

Despite a generally strong job report, the pound has held close to recent lows.

Brought to you by Yahoo! Finance

24 Jan, 2025
/ 10:52

Sterling slumps to new low; gilt yields soar

Higher bond yields would usually support the country’s currency, but there are fears that the rising costs needed to support UK government debt could lead to further tax increases or spending cuts, hindering the chances of an economic recovery. Markets "continue to function in an orderly way" and movements in government borrowing costs were being driven by "a wide range of international and domestic factors," he added.

Brought to you by Yahoo! Finance

09 Jan, 2025
/ 13:25

Further Losses for the Euro After the ECB Cuts Rates as Expected

Inflation below target suggests that the cycle of loosening will probably continue up to summer 2025.

Brought to you by Yahoo! Finance

21 Oct, 2024
/ 13:00

European and US stocks down as Wall Street turns attention to Fed

US traders are looking to the Federal Reserve's interest rate decision, as well as key inflation data later on in the week.

Brought to you by Yahoo! Finance

10 Jun, 2024
/ 07:50