All articles tagged with #eu trade
Amid strained US-Canada relations under Trump, Canada is rapidly diversifying its trade away from the US, focusing on Europe, the Middle East, China, and India, with a new trade strategy expected soon to reduce dependence on the US and adapt to a shifting global economic landscape.
In 2025, Trump's return to the White House led to a significant increase in US tariffs, impacting global trade, but the economy showed resilience and global markets remained relatively stable. Key issues for 2026 include legal challenges to tariffs, ongoing US-China trade negotiations, and the future of trade agreements with Canada and Mexico, with uncertainties about the continuation of tariffs and trade policies.
The closure of Poland's border with Belarus has halted a crucial €25 billion Chinese export route to the EU, impacting trade and e-commerce deliveries, amid geopolitical tensions and upcoming high-level talks between China and Poland to resolve the issue.
EU trade ministers strongly oppose US President Trump's 30% tariffs on the EU, considering them 'absolutely unacceptable,' and are preparing countermeasures while seeking a negotiated trade deal, amid ongoing trade tensions and potential global economic impacts.
EU trade chief Maros Sefcovic indicated that US tariffs threatened to make ongoing trade negotiations almost impossible, despite the EU's preference for reaching a deal. While some EU countries call for tougher retaliatory measures, others advocate caution due to reliance on US defense. The EU is preparing for all outcomes, including potential countermeasures, amid rising tensions over Trump's tariff threats.
US President Donald Trump announced a 30% tariff on all EU goods starting August 1 due to stalled trade negotiations, with similar tariffs on Canadian and Mexican imports, prompting EU warnings of countermeasures and heightened tensions in international trade relations.
China has offered expedited export licenses for rare earth elements to EU and US auto companies, easing concerns over supply shortages that threaten automotive production, amid ongoing trade tensions and export restrictions. This move is seen as a diplomatic gesture and a response to previous tariffs, but industry experts remain cautious about the practical implementation and broader supply chain impacts.
President Trump unexpectedly escalated a trade war with the EU by threatening 50% tariffs, then paused the threat after negotiations, leading to market volatility and a tense six-week negotiation period, with both sides expressing cautious optimism and strategic posturing.
Stock markets rose after President Trump delayed tariffs on the EU, boosting investor confidence and lowering U.S. Treasury yields, though trade tensions remain a concern amid ongoing negotiations and potential future tariffs.