EU Convenes Trade Ministers

Mexico questions Trump's 'unfair' steel tariffs, highlights trade deficit
Mexico's government on Tuesday questioned the fairness of a 25% tariff ordered by U.S. President Donald Trump on its steel and aluminum imports, saying that Mexico buys more steel from the U.S. than it exports to its northern neighbor.
The Debate: Do Trump's tariffs mean the end of the post-war free trade world?
President Trump has proposed a sweeping set of tariffs. Does this mark the end of the post-war free trade world?
EU Convenes Trade Ministers After Trump Tariffs, Say Diplomats
European Union trade ministers will hold an unscheduled video conference on Wednesday to discuss the bloc's response to impending U.S. steel and aluminium tariffs, EU diplomats said on Tuesday. U.S. President Donald Trump signed proclamations late on Monday to raise tariffs on all steel and aluminium imports to 25% without exceptions or exemptions.
EU says Trump tariffs will trigger firm countermeasures
European Commission President Ursula von der Leyen on Tuesday vowed "firm and proportionate countermeasures" in response to U.S. President Donald Trump's decision to impose tariffs on all steel and aluminium imports,
Trump Steel Tariffs Ramp Up Trade War. How the World Is Reacting.
President Donald Trump just made his trade war global and the rest of the world are scrambling to respond. Some wasted little time reacting on Tuesday. The European Union hit back at the U.S. over tariffs,
Why Trump's tariffs could push Europe to target US tech services
Trump's new tariffs could push the EU to retaliate by targeting US tech services instead of goods, a Goldman Sachs report suggests. With Europe's large trade deficit in services, Brussels may use digital restrictions to counterbalance Washington's trade measures.
U.S. trade deficit is 'nothing new', says Morgan Stanley's Seth Carpenter
Seth Carpenter, Morgan Stanley chief global economist, joins 'Closing Bell Overtime' to talk what to expect out of the White ...
U.S. Had Biggest Trade Deficits With These 10 Nations In 2024
The 2024 deficit was a record $1.2 trillion, marking the fourth consecutive trade deficit above $1 trillion and the sixth ...
Trump says he'll pursue 'reciprocal' tariffs in latest bid to decrease US trade deficit
Trump said he'd announce a plan next week to impose "reciprocal" tariffs on countries instead of a "flat fee." ...
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What it means to have a high trade deficit — and why it's not always a bad thing
NPR's Ayesha Rascoe talks with economist Mary Lovely of the Peterson Institute about trade deficits and the role they play in international trade.
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Trump rails against UK’s ‘huge’ trade deficit as hopes of tariff exemption fade
LONDON — Britain’s chances of dodging Donald Trump’s trade war appeared to fade Monday night, as the U.S. president blasted ...
What you need to know about US-India trade, in 4 charts
With Narendra Modi, prime minister of India, expected at the White House this week, CNN takes a look at the trade ...
Business Insider3d
Trump wants to reduce the trade deficit. Here's why that matters.
The US Department of Commerce says the combined goods and services trade deficit stretched to a gargantuan $918.4 billion in 2024. That's a 17% increase compared to 2023, although it's a little ...
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Record $4.2bn trade deficit is ‘no cause for alarm yet’
# This measures the country’s trade in physical goods, and how much imports exceed exports, resulting in a deficit that broke through the $4bn mark for the first time last year. This represents a 22.6 ...
U.S. Trade Deficit Hit Record in 2024 as Imports Surged
Data released Wednesday morning by the Commerce Department showed that U.S. imports of goods and services grew 6.6 percent to ...
French trade deficit continues to narrow in 2024
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...