A new war in the Middle East and a destructive tariff conflict: This double blow is hitting an already fragile global economy with full force. Even if a temporary ceasefire seems possible, the prospects for a global recession have worsened significantly.
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China plans to eliminate all tariffs on African goods. A corresponding economic pact is to be negotiated with all 53 African states with which the People's Republic maintains diplomatic relations.
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China has extended its investigation into EU pork imports by six months. Meanwhile, Chinese and EU negotiators are working on a deal regarding European EV tariffs.
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Donald Trump hosted the CEOs of BMW and Mercedes at the White House – even before meeting with European Commission President Ursula von der Leyen. During the meeting, the car executives proposed multi-billion euro investments in the US to reverse the auto tariffs.
By Markus Grabitz
US President Donald Trump's embrace of tariffs has been met with considerable criticism. However, Trump's diagnosis of the global trading system may not be entirely wrong. The problem, instead, is the treatment: Rather than using a chainsaw, which would probably kill the patient, he should reach for a scalpel.
By Redaktion Table
China hits back: The US government is accused of undermining the tariff deal reached in mid-May. The US wants a phone call between Trump and Xi.
By Emily Kossak
Donald Trump wants to double the tariffs on aluminum and steel to 50 percent. If necessary, the EU Commission wants to take countermeasures earlier than planned.
By Redaktion Table
The USA and China had only just agreed on a temporary truce in the tariff dispute in Geneva. However, instead of engaging in serious negotiations, both sides prefer to flex their muscles. Washington is particularly provocative.
By Jörn Petring
Fast-fashion retailer Shein is once again changing its IPO plans. According to insiders, the company now aims to go public in Hong Kong this year instead of London.
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A US federal appeals court has temporarily reinstated import tariffs imposed by the Trump administration, after a lower court ruling had declared them unlawful and ordered them to be halted.
By Leonardo Pape
