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Shares climbed worldwide and the dollar held onto most of its July gains on Tuesday as market participants entered a key week for U.S. earnings, inflation data and trade talks in a relatively optimistic mood.
The EU says the U.S. is resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached with U.S. by Aug. 1.
The Trump administration is about to perform its latest reversal in trade negotiations with China, if Nvidia is to be believed. The company says it plans to resume sales of its H20 AI chip to China after securing assurances from Washington that it would approve the shipments.
(Reuters) -European shares nudged higher on Tuesday, driven by automobile stocks, as sentiment improved after U.S. President Donald Trump signalled a readiness to negotiate tariffs with the European Union.
The country’s new prime minister, Mark Carney, has been called the “Trump whisperer,” and negotiations have been cordial and professional. But it’s been a wild ride.
Trump's top trade negotiators have pushed deadlines and sent tariff letters after failing to reach Trump's 90 trade deals in 90 days target.
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Trump punishes allies, warns more letters are comingTrump has given his final warning, and this time the world isn’t laughing. The White House has mailed out formal tariff notices to Mexican President Claudia Sheinbaum and European Commission President Ursula von der Leyen,
The U.S. dollar rose on Friday, fuelled by upheavals on the global trade landscape, as U.S. President Donald Trump announced more import tariffs, ranging from 35% on neighbouring Canada to plans for blanket levies of 15% or 20% on most trading partners.
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