EU bows to Trump in new trade deal
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This week will bring a flood of data that will help clarify the path the economy is on right now: major reports on gross domestic product, consumer spending and prices, and, perhaps most important, the state of the labor market.
The International Monetary Fund is upgrading the economic outlook for the world this year because President Donald Trump’s protectionist trade policies have so far proven less damaging than expected
Stellantis warns of a hefty $1.7 billion impact from US tariffs in 2025, citing challenges from profit drops, leadership changes, and evolving trade conditions in the automotive sector. The company is pressured by increased competition and regulatory fines while attempting to regain market share.
The president’s vision for reshaping global trade is falling into place, but he is embarking on an experiment that economists say could still produce damaging results.
The European Central Bank is leaving interest rates unchanged as it waits to see the impact of U.S. President Donald Trump’s tariffs on the economy before deciding whether to cut rates again.
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After the European Union agreed to 15% tariffs on exports to the U.S., we step back to assess the impact of the new trade reality that President Trump is starting to forge with countries across the world.