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The Latest Breaking News from European Union

US may not have realised complexity of pharma tariffs, Martin suggests

The US may not have understood the complexity of tariffs on EU pharmaceuticals when it was first suggested, the Irish premier Micheal Martin has said.

Evening Standard

The last time this led to Great Depression, Irish money minister warns

An Irish Cabinet minister has compared US President Donald Trump’s tariff regime to the circumstances which precipitated the Great Depression.

Evening Standard

Macron Calls For Suspension Of Investment In US Until Tariffs Clarified

French President Emmanuel Macron on Thursday called for a suspension of investment in the United States until Donald Trump's "brutal and unfounded" new tariffs against Europe and the rest of the world were clarified.

International Business Times

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Irish businesses predict multibillion-euro loss in trade under Trump tariffs

Ibec’s first assessment of current measures projects a loss of between four and six billion euro in trade in the short term.

Evening Standard

Trump’s chaos-inducing global tariffs, explained in charts

The US president’s announcement has caused market chaos and threatens a trade war and US recession

The Guardian - US

Starmer is right to try to maintain the dignity of the nation – and avoid provoking Trump’s irrational side

THE INDEPENDENT VIEW: Editorial: Balancing Britain’s interests with nurturing the US-UK special relationship is going to require every ounce of clearheadedness the prime minister can muster

The Independent UK

Trump's Tariffs Target Uninhabited Islands, Economic Dead Zones, and Individual Regions of France

The nonsensical list of territories subject to the White House's new "reciprocal" tariffs shows how amateurish the administration's new trade policy is.

Reason

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Are Trump's tariffs as bad as the Smoot-Hawley Act, which is blamed for deepening the Great Depression? They're actually worse

Those dreading a return to the Smoot Hawley days think this time around could be even worse given the size and scale of Trump's new tariffs.

Fortune

Irish Government hoping for negotiated settlement on US tariffs

Senior figures in Ireland’s Government have expressed hope for a negotiated settlement to mitigate the impact of US tariffs.

The Independent UK

Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturn

The Guardian - UK

'Everyone Worried' By Trump Tariffs In France's Champagne Region

With the United States the largest export market for champagne, producers of France's leading sparkling wine had little to celebrate on Thursday about facing an additional 20 percent tariff, although they held out hope for negotiations.

International Business Times

Britain can retaliate or negotiate with Trump – but there is no way we can win at this game

Starmer will try to calm the situation and focus on May’s local elections, but one thing is clear: our ties with Europe are more crucial than ever, says Guardian columnist Gaby Hinsliff

The Guardian - UK

Macron lashes out against Trump's 'brutal' tariffs, calls for a pause in investment

The European Union 'must not rule out anything' to retaliate against the so-called Liberation Day tariffs, Emmanuel Macron said.

Euronews

UK Avoids Worst US Tariffs Post-Brexit, But No Celebrations

More than four years after the UK's withdrawal from the European Union became effective, Britain has escaped harsher US tariffs, facing only half of the 20 percent imposed on its EU neighbours.

International Business Times

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Euronews

Greens, socialists hope centrist alliance will limit scale of EU deregulation

The European Parliament has voted to delay key rules on corporate sustainability pending a reduction of their scope, on the same day the Trump administration appeared to be targeting EU regulatory standards with a punitive 20% import tariff.

The Guardian - UK

What will Trump do when his tariffs backfire?

The US president’s tariffs are almost certain to have dire consequences and he is not impervious to market decline or public opinion

Radio France Internationale

Macron meets industry heads as Trump tariffs shake key French sectors

French President Emmanuel Macron was on Thursday meeting with the heads of sectors hit by new US tariffs on European Union goods. The 20 percent import tax, announced by President Donald Trump, will hit major French exports including aeronautics, wine and luxury items.

International Business Times

Wall St Leads Rout As World Reels From Trump Tariffs

Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war, while the White House insisted the US economy would emerge victorious.

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Euronews

EU adjusts strategy to hit back at US tariffs

Caught by the throat by new US tariffs, the EU is honing its response strategy, attempting to leave a path open to negotiation to avoid a full-blown trade war.

Euronews

Did pharma sector dodge Trump’s tariffs? The EU's not so sure

The fear of a trade war over pharmaceuticals between the EU and the US has been avoided for now, but the European Commission remains on guard, considering further tariff deployments likely.

The Independent UK

EU leaders condemn Trump’s ‘catastrophic’ tariffs as trade war opens up

EU leaders look to take steps to counter the 20 per cent tariffs on exports to the US brought in by Donald Trump

Euronews

Who are the tech winners and losers of Donald Trump’s sweeping 'Liberation Day' tariffs?

When it comes to the tech industry, semiconductor manufacturers come out largely unscathed while e-commerce giants will see major changes that could affect what price their goods are sold.

Barchart

Stock Sharply Lower on Concern US Trade War Will Upend the Global Economy

The S&P 500 Index ($SPX ) (SPY ) today is down -4.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -3.72%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -5.11%. June E-mini S&P futures (ESM25 ) are down -4.10%, and June E-mini Nasdaq futures...

Evening Standard

Firms in Northern Ireland anxious about Trump tariffs, O’Neill says

Deputy First Minister Emma Little-Pengelly said it was important that any retaliatory EU tariffs on the US did not penalise Northern Ireland.

Euronews

Bulgaria's government survives no-confidence vote brought by pro-Russia party

The conservative GERB party condemned the motion as an attempt to derail Bulgaria’s desire to adopt the euro at the beginning of 2026, a move that would consolidate its European integration.

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