The Latest Breaking News on Facing Russia’s war on Ukraine, the EU couldn’t risk fighting a trade war with the U.S., analyst says

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.

Europe's auto industry is relieved that the EU-US trade deal reduces short-term uncertainty but many, particularly in the struggling German sector, remain deeply worried about the long-term impact.

The EU and the US struck a long-awaited agreement on Sunday, establishing a 15% tariff on EU exports, with certain sectors exempted. However key details remain unclear.

The dollar index (DXY00 ) today is up by +0.72% at a 1-week high. The dollar is gaining today as global trade tensions ease following the EU and US agreeing to a trade deal, and China and the US are set to extend their trade truce by another three months....

President Trump's tariffs upended the automotive industry when the administration first announced them back in April. Trump's proposal was that auto and auto parts imports to the US would see a 25-percent duty on top of whatever preexisting duties were already in place. Over the weekend, the Trump administration and…

Trump spent months pressuring Washington’s trading partners with the threat of steep tariffs

Despite a new EU-US trade deal, tariffs on pharmaceuticals remain uncertain and unchanged for now, pending the outcome of a US national security investigation that could later impose duties of up to 15%.

US President Donald Trump said on Monday he was reducing a 50-day deadline given to Vladimir Putin to agree a deal with Ukraine. Oil prices had already risen on news of a EU-US trade deal.

Micheal Martin said any effect the new trading arrangements would have on October’s budget would be decided closer to the time.