US economy poised to slow
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European leaders had been trying to negotiate more favorable terms for months. They may retaliate with tariffs of their own.
The IMF said on Thursday it was closely monitoring the latest U.S. tariffs announcements, saying uncertainty about the global economic outlook remained high and urged countries to work constructively to facilitate a stable trade environment.
The enduring tariffs from President Trump's administration continue to shape global trade dynamics, affecting both the US and the European Union. Despite legal challenges and market uncertainties, these tariffs remain in place,
The Pound Euro ( GBP/EUR) exchange rate wavered on Thursday amid speculation around US tariffs and trade deals. At the time of writing, GBP/EUR was trading at €1.1593, roughly the same as its opening level.
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Why is the US dollar falling by record levels in 2025?Sell off linked to unpredictable and unfunded economic policies which threaten the safe-haven role of the US dollar.
Volkswagen has stopped exports of its electric ID.Buzz van to the US. While an official recall is cited as the reason, insiders point to punitive tariffs
The United States dollar is suffering its worst start to a year in more than five decades, likely triggering a price hike for some everyday items and a jump in expenses faced by travelers abroad, some analysts told ABC News.
US and European stock futures dipped in Asia on Friday after President Donald Trump stepped up tariff threats against Europe and Canada, restraining an early rally in regional share markets.
The EUR/USD exchange rate has been in a strong bull run this year, and is hovering at its highest level since September 2021.
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