"The EU and China are broadly on a colliding trajectory in terms of their trade and industrial policy concerns," he told CNBC. Bones of contention include the challenge of China's overcapacity and trade diversion to Europe, Stec, who is also head of the Mercator Institute's Brussels office, explained.

Equity markets slid on Friday as President Trump intensified trade and tariff tensions with Canada. He also hinted at measures targeting Europe, driving

With Trump’s tariff deadline looming over Europe, Myron Brilliant argues that a limited deal is better than no deal.

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates than that on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

LONDON] Some European Union carmakers and capitals are pushing for an agreement with US President Donald Trump that would allow for tariff relief in return for increasing investment in the US, according to sources familiar with the matter.

Over 20 nations — from economic allies like Canada and Japan to developing economies such as Cambodia and Sri Lanka — have received letters from Donald Trump threatening steep tariffs by August 1. With rates reaching as high as 50 per cent,

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

President Trump is amping up trade threats, again unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

The development comes as the European Commission, which handles the EU’s trade matters, has only about a week to reach a deal with the US to avoid a whopping 50 per cent tariff rate on all its goods g

The US Dollar (USD) is ending the week on a firm note, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Donald Trump's top trade negotiators have added more time to the clock after the White House failed to reach its 90 deals in 90 days target.