EU defends Trump trade deal facing backlash
The European Union on Monday vehemently defended its trade deal with President Donald Trump, with EU capitals and businesses sharply divided on an outcome some branded a “capitulation”. “I’m 100 percent sure that this deal is better than a trade war with the United States,” top EU trade negotiator Maros Sefcovic told journalists. European Commission […]
U.S. trade deficit widens in May as Trump tariffs fuel uncertainty
The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump’s tariffs sent shock waves through the economy and snagged supply chains. Trade data published Thursday showed the world’s biggest economy logged an overall trade gap of $71.5 billion, in the month after Trump imposed […]
US-China trade talks in London enter their second day
The U.S. and China held a second day of talks Tuesday in London aimed at easing their trade dispute, after President Donald Trump said China is “not easy” but the U.S. was “doing well” at the negotiations. A Chinese delegation led by Vice Premier He Lifeng met U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade […]
Chinese consumer prices continue to fall as US trade talks loom
Chinese consumer prices fell for the fourth straight month in May, data showed Monday, as the world’s second biggest economy struggles with sluggish spending and global trade turmoil. Beijing has failed to boost sluggish domestic consumption since the end of the pandemic, threatening official growth targets and complicating its ability to shield its economy from […]
