The Latest Breaking News from Maros Sefcovic

Winemakers across Europe face fresh uncertainty after the US refused to grant special treatment for wine and spirits in a trade deal with the EU announced on Thursday. While German carmakers have secured a better outcome, wine industry groups in France and Italy warn producers face major difficulties as Brussels…

Details of a US-EU trade deal published Thursday showed Brussels secured a tariff reduction for cars exported to the United States but failed to win a reprieve for its cherished wine sector.

Brussels plans to target US goods including planes, cars and whiskey if trade talks with Washington fail, according to a list seen by AFP on Tuesday, as the bloc renewed its push for a deal.

Simon Harris said such a tariff would be ‘extraordinary’ and urged businesses to prepare for all scenarios.

September S&P 500 E-Mini futures (ESU25) are down -0.29%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.30% this morning, pointing to a lower open on Wall Street after U.S. President Donald Trump escalated his trade war.

September S&P 500 E-Mini futures (ESU25) are up +0.03%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.08% this morning as investors sit on their hands ahead of the all-important U.S. payrolls report that will offer fresh insight into the labor market and the path of interest rates.

With the 9 July deadline fast approaching, the European Union is racing to secure a trade agreement with Washington in a bid to avert steep tariffs on its exports. In an effort to advance the negotiations, EU Trade Chief Maroš Šefčovič has travelled to Washington for final talks with President…

It comes a couple of weeks after the UK struck a proposed deal with the EU to reduce the number of post-Brexit checks.

Canada’s Mark Carney calls the 50-percent tariff increase ‘illegal’, while Mexico’s Sheinbaum weighs countermeasures.