On May 6, President Trump announced plans to raise tariffs on cars imported from the European Union, highlighting the limited protection offered by existing trade deals. On May 8, Trump set a July 4 ultimatum for the EU to meet trade deal terms. On May 9, Trump threatened that all passenger vehicle imports from the European Union would face a 25% tariff starting next week.
President Donald Trump has significantly escalated global trade tensions by threatening to impose a 25% tariff on all passenger vehicle imports from the European Union. These tariffs are slated to take effect as early as next week, placing immense pressure on the European manufacturing sector. The move is part of a…
Read the full storyThe Trump administration is expanding its high-profile delegation for next week's official visit to China, with a Semafor report indicating that CEOs from Qualcomm, Blackstone, Citigroup, and Visa have been added to the invitation list. These executives join the previously reported leaders of Nvidia, Apple, Exxon, and…
Boeing CEO Kelly Ortberg is scheduled to join President Donald Trump on his official diplomatic visit to China next week. This inclusion underscores the strategic importance of the aviation sector in trade relations between Washington and Beijing as the company seeks to strengthen its position in the Chinese market.…
U.S. President Donald Trump met with the CEOs of Chevron and ExxonMobil to align on Venezuela strategy as the country's oil exports hit a seven-year high in March. This diplomatic engagement coincides with reports that European majors Shell and BP are actively seeking licenses to invest in Venezuelan oil and natural…
White House economists have released projections estimating that negotiated deals with pharmaceutical companies to lower prescription drug prices could save $529 billion over the next 10 years. The administration is highlighting these drug price reductions as a central economic narrative ahead of the upcoming midterm…
The US administration has established a new deadline of July 4 for the implementation of 25% tariffs on EU cars and trucks, moving away from previous threats of immediate enforcement. US Ambassador to the EU Andrew Puzder indicated that this escalation remains contingent on the bloc's willingness to approve a trade…