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The Latest Breaking News from Trade

Trump's EU Trade Deal An Act Of 'Submission,' Says French PM: 'It's A Dark Day'

France's prime minister slammed the trans‑Atlantic trade pact announced by U.S. President Donald Trump and European Commission President Ursula von der Leyen, branding it “submission” by the European Union.

Benzinga

'Bad policy': Australia fears double US tariff rate

US President Donald Trump has flagged all countries, including Australia, could be hit with baseline tariffs up to double the current rate of 10 per cent.

AAP

Trade minister to warn Trump’s tariff wars could make Australia ‘suffer’ for generations

Don Farrell to caution against shift to system ‘based solely on power and size’ in Friday speech to Lowy Institute

The Guardian - AU

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Australia steps up US trade beef as Trump claims win

Australia has criticised the US for using its size and might to disrupt international trade through tariffs, warning it will lead to firms looking elsewhere.

AAP

Trump celebrates Japan trade deal as ‘biggest deal ever made’ while Japanese embassy stays mysteriously silent

More similar agreements promised.

We Got This Covered

Bank of England says UK banks can increase riskier mortgage lending; Nvidia becomes first $4tn company – as it happened

Rolling coverage of the latest economic and financial news, as BoE recommends banks can issue more high loan-to-income level loans

The Guardian - UK

China wants AI in expanded trade deal with Australia

Ahead of Prime Minister Anthony Albanese's visit to China, Beijing's ambassador to Australia has called for greater co-operation between the two nations on AI.

AAP

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EU shuts out Chinese medical suppliers from European market in retaliatory trade move

The European Union has confirmed a ban on Chinese companies from participating in EU government tenders for medical devices exceeding €5 million – another piece in an ongoing tit-for-tat trade tensions between Brussels and Beijing.

Euronews

US and China strike a deal on trade framework after talks in London

The London talks are the latest in the two countries’ joint efforts to find a middle ground to resolve a trade dispute which threatens to plunge the world into recession and economic instability.

Euronews

The US and China have agreed on a framework to resolve their trade disputes

Chinese state media say that the U.S. and China have agreed in principle on a framework to carry out an agreement they reached on resolving their trade disputes last month

The Independent UK

Stock Market Today: Wall Street Is Standing By

The waiting is the hardest part with trade war truce talks underway and inflation data on the way.

Kiplinger

'Glass half-full' for EU security deal with Australia

EU ambassador Gabriele Visentin has high hopes for a strong security partnership between the bloc and Australia, amid talks for a potential trade deal.

AAP

US and China are holding trade talks in London after Trump's phone call with Xi

High-level delegations from the United States and China are meeting in London to try and shore up a fragile truce in a trade dispute that has roiled the global economy

The Independent UK

US and China to take second shot at averting trade war in London talks

Senior delegations expected to discuss fragile tariffs deal in bid to avert trade war.

Al Jazeera

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AAP

'No justification': minister seeks tariff breakthrough

Ahead of a possible meeting between Anthony Albanese and Donald Trump at the G7, the trade minister says he's still optimistic of tariffs being removed.

Evening Standard

Trump announces US-China trade talks in London next week

The scheduled meeting comes after a ‘positive’ phone call between the US President and Xi Jinping

AAP

Push to get 'damn fine' Australian products into Europe

Australia is working in good faith to strike a free trade agreement with the European Union, but will walk away if the deal is not in the national interest.

The Independent UK

Trade secretary in race against time to stop new steel tariffs

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The Independent UK

Trade secretary Jonathan Reynolds to push for exemption on steel tariffs in crunch meeting with US officials

The UK struck a deal with Washington for import taxes on its steel to be removed weeks ago, but its implementation has not been finalised

The Independent UK

Why the US trade deal could come with a long-term health cost for the UK

Critics argue the recent UK-US trade deal could undercut domestic producers, introduce lower standards for food and even compromise public health.

AAP

Call for local steel mandate in face of Trump's tariffs

The federal government is being urged to protect Australian jobs after US President Donald Trump announced a plan to double levies on foreign steel.

AAP

Albanese hits out at Trump's 'economic self harm'

The Prime Minister has criticised US President Donald Trump's move to double tariffs on steel imports as "inappropriate" and an act of harm.

AAP

Australia pushes tariffs removal amid US court ruling

Australia will keep urging the Trump administration to drop its "unjustified" tariffs on the nation's products as a US federal court throws up an obstacle.

Euronews

EU's €2 handling charge for cheap imports to snare Chinese products

Trade Commissioner Maroš Šefčovič announced a fee to counterbalance the cost safety checks for products coming from China – and hopefully curbing numbers of packages sent to Europe.

AAP

EU pushes defence ties amid hope for trade breakthrough

Germany's ambassador to Australia says a formal security pact with the European Union would help provide stability in the region.

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