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China on Friday escalated tariffs on imports from the United States to 125 percent, in response to U.S. President Donald Trump’s punishing regime against Chinese goods. Beijing’s finance ministry said that the U.S. was threatening to become a laughing stock as it jacked up tariffs on Chinese goods higher and higher to 145 percent earlier this week. “Even if the US continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy,” the finance ministry said. “At the current tariff level, there is no market acceptance for U.S.…

As the EU weighs its response to US tariffs and hopes to start negotiations with the US, a rift has emerged over the last weeks within the bloc over the intensity and scope of potential retaliatory measures. While hawks are calling for a firm and united front, the doves urge caution, warning against escalation and economic fallout. Hawks ready to deploy EU’s nuclear trade defence weaponsFor the hawks, it’s all about showing muscle in the face of the Trump administration, to ensure that they are in a position of strength in the negotiations to lift US tariffs – currently 25% on…

European markets opened slightly higher on Friday morning as stocks attempted to claw back some gains at the end of a very volatile week rocked by changing tariff announcements. The UK’s FTSE 100 index was 0.5% higher at around 9:45 CEST, whereas Germany’s DAX index was up 0.6%. France’s CAC 40 index advanced 0.8% too, with the STOXX 600 index rising 0.4%. British American Tobacco, HSBC and Barclays saw gains early Friday, while Getinge B and Zurich Insurance Group were some of the top losers. However, market anxieties remained, despite US president Donald Trump’s recent announcement of a 90-day pause in so-called ‘reciprocal’…

The U.K. economy posted its best growth in 18 months in March, new data indicated on Friday, bringing some relief to Chancellor Rachel Reeves at the end of a torrid week. Preliminary data from the Office for National Statistics showed gross domestic product grew 0.5 percent from January, helped by strong contributions from industry and construction. The ONS’s monthly GDP series is notoriously volatile, and the quality of its economic data in general has come under increasing scrutiny in recent months, but analysts said the figures still provided some basis for optimism. A less volatile measure that tracks GDP over…

BRUSSELS — The European Union doesn’t really do knee-jerk reactions. And when it comes to trade wars, it prepares its case, builds a consensus among its members — and saves its most painful retaliation until last. Donald Trump’s unprecedented tariff onslaught is no exception.  Just after the bloc locked in its response on Wednesday to Trump’s month-old steel and aluminum tariffs, the U.S. president announced a 90-day truce on the “reciprocal” tariffs he imposed on “Liberation Day” a week earlier. Trump had hit the 27-nation bloc with a 20 percent duty on all goods. Under pressure as financial markets melted down, he…

Officials signaled that these back-up options will dominate corridor chats in Warsaw. “What we are going to move towards is the global trade war, which reduces global growth, reduces the ability of countries to keep inflation under control,” Fabian Zuleeg, the chief executive of the European Policy Center think tank, said before Trump reversed course. “So what we’re seeing is a global downturn.” The real war Increased tensions between the U.S. and Europe are also pushing countries that take a hard line on defense, such as Poland and the U.K., to explore alternative ideas to strengthen their military sectors. Outlined…

The first-quarter earnings season will kick off with big US banks, including JPMorgan Chase and Wells Fargo, later today, followed by Bank of America, Citigroup, and Morgan Stanley next week. After a turbulent week on Wall Street, results from these flagship lenders will offer critical insights into the broader economic impact of President Trump’s sweeping tariffs on business sentiment and outlooks.Analysts expect the banks to deliver solid results for the first three months of the year, supported by a still-resilient US economy during the period. However, attention will likely shift toward forward guidance, with expectations for a more cautious tone…

Koalitionsvertrag: Die Analyse der Außenpolitik mit Claudia Major – POLITICO Skip to main content

A tariff storm was brewing — and then, just like that, the forecast changed. Donald Trump shocked everyone by pausing his planned tariffs for 90 days (for all countries except China), throwing global markets a lifeline and leaving the EU wondering what game he’s playing. In this episode of EU Confidential, host Sarah Wheaton unpacks the fallout from Trump’s trade U-turn with Josh Lipsky, senior director at the Atlantic Council’s GeoEconomics Center, and Doug Busvine, POLITICO’s editor for agriculture and trade. They dig into whether this is a moment of de-escalation in Trump’s trade war — or just the eye…

“There is a great sense of positivity and also eagerness and dedication to have this concluded sooner rather than later from both the sides,” Sitharaman told reporters at a joint briefing following the discussions. But Trump’s trade war won’t see India “rush” into a deal, Sitharaman told an audience at India’s High Commission the day before. While she and Reeves both said progress was made, thorny issues remain.  The U.S. tariffs mean that striking a deal “has gone up the scale in terms of political priorities,” Shashi Tharoor, chair of the Indian parliament’s committee on external affairs, told POLITICO. “We…