A new trade war may be brewing. This time, Europe is taking a page from Trump's playbook

Live updates

1. -3557s ago

   US and EU Reach Tariff Agreement Amid Digital Tax Tensions

   The US and EU have established a new trade framework to lower tariffs and strengthen economic ties. This follows threats from President Trump to impose 100% taxes on countries targeting US digital services. Recent talks between Ursula von der Leyen and Trump in Scotland helped avert a broader trade war.

   What's confirmed:

   • The US and EU reached a trade agreement to reduce tariffs and increase exports.
   • Ursula von der Leyen met with Trump at his Scottish golf resort.
   • President Trump threatened a 100% tax on imports from countries that tax digital services from US companies.

   Still unconfirmed:

   • A trade war is brewing between Europe and China.
   confidence 90%
2. 34d ago

   EU Considers New Trade Measures to Counter China Shock

   European leaders are addressing a growing trade imbalance with China. The EU plans to develop a diversification instrument and a new law to drive de-risking. Some member states are pushing for the adoption of tariffs and quotas similar to those used by the US.

   What's confirmed:

   • China's goods trade surplus with the EU reached 360.6 billion euros in 2025.
   • President von der Leyen is pursuing a diversification instrument and a diversification law to reduce reliance on China.
   • EU leaders are seeking unity to address the trade imbalance with China.

   Still unconfirmed:

   • Germany is backing a French push for US-style tariffs and quotas.
   • The trade gap between China and the EU expanded by 10% in the first four months of 2026.
   • EU leaders have asked Brussels to create new trade weapons to counter the China shock.
   confidence 80%