Economy Archives

The deal will scrap or reduce duties on nearly all trade flows, including key agricultural products like Brazilian poultry, Argentinian beef, and Norwegian salmon.

The "main problem" with a recovery-fund style model is "we don't even have a basis for saying whether it worked well or not," the EU's chief auditor told Euractiv.

The EU's trade chief is in Washington on Wednesday in a last-ditch bid to avert even higher levies.

The group also wants to fend off any attempt to repurpose the €142 billion European Social Fund for other priorities, such as defence.

The €200 million initially dedicated to municipality-led initiatives is now expected to be rechanneled toward national-level projects.

All eyes are on the impact of EU-US trade talks, with European retaliatory tariffs likely to be inflationary.

There is a broad consensus that the EU needs a more agile budget but the bloc is a heavy machine – and always at risk of taking the path of least friction.

Maroš Šefčovič says he will do his “utmost” to reach a deal with US counterparts during talks in Washington on Wednesday and Thursday.

The deal includes safeguard clauses allowing trade restrictions if EU markets – or even individual member states – face disruptions.

"The DSA, the DMA are not on the table in the trade negotiations with the US," the Commission said on Monday.

Trade in goods is still hindered by long waiting times at Balkan borders due to poor transport infrastructure and double cross-border checks. Addressing this requires a larger investment than that set out in the New Growth Plan.

Canada was "obviously copying the European Union" in taxing US Big Tech firms, Trump said – despite the fact the EU does not have a digital services tax.

The US president has been widely mocked for “always chickening out”. No one, however, backs down better than the Europeans.

The vote to select the new president, now Ireland’s Paschal Donohoe, is scheduled for the next Eurogroup’s meeting on 7-8 July.

New state aid rules unveiled on Wednesday could see EU countries allowed to cover the bill for up to a quarter of their heavy industries' power costs.

The remarks suggest that Brussels could – like the UK – accept a 10% levy on most European exports in order to avoid sector-specific US duties.

Orban’s budget roulette weakens Hungary’s economy, undermining public projects and private enterprise.

The recent surge in oil prices could further hamper growth across the euro area, analysts said – and Iran’s threatened closure of the Strait of Hormuz would make things even worse.

Big Tobacco argues that extra taxes will push up black market trade, but not everyone agrees.

Just when Trump is turning the world upside down with tariffs and threats, the EU might have a chance to demonstrate an alternative vision of trade, green industrialisation, and economic security.

The sheer ferocity of the Commission president's remarks at the G7 this week was genuinely shocking. Whence the fury?