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US tariff tussles stuff of nightmares for Bordeaux winemakers

French wine producers, already reeling from a downturn in their market, still do not know how bitter a taste the US tariffs on wine will leave on their palates.

European Union resigned to 15 pecent US tariff

The United States and European Union clinched a trade agreement on Sunday that will see EU exports taxed at 15 percent, in a bid to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war.

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US stocks soar on Trump tariff reversal, oil prices jump

Wall Street stocks rocketed higher Wednesday following President Trump's shock move to pause many new tariffs, lifting an equity market beaten down by days of losses amid rising recession worries.

Author of explosive Meta memoir stars at US Senate hearing

The former Facebook employee behind a scathing book about parent company Meta on Wednesday alleged that the social networking giant collaborated with the Chinese government on artificial intelligence, censorship and more, then lied to Congress about what it was doing.

Trump stuns with tariff backtrack but punishes China

US President Donald Trump abruptly paused tariffs on most countries Wednesday after admitting they made the markets nervous, but doubled down on a brutal trade war with superpower rival China.

Strength in numbers: Latin America urges unity in face of Trump tariffs

Latin American leaders on Wednesday urged a united front to tackle US President Donald Trump's tariff onslaught and the economic uncertainty it has brought.

Volkswagen says first-quarter profits impacted by Trump tariffs

German auto giant Volkswagen said Wednesday that tariffs on car imports into the United States ordered by President Donald Trump had dragged down its first quarter operating profit.

Pentagon chief in Panama vows to counter China 'threat'

US Defense Secretary Pete Hegseth said Wednesday during a visit to Panama that the United States does not seek war with China, but will counter what he called the threats it poses in the Americas.

Trump tells US to 'be cool' as China, EU strike back

US President Donald Trump brushed off global market panic Wednesday after China and the European Union announced retaliatory tariffs, telling Americans to stay "cool" despite his spiraling trade war.

Delta to trim capacity in light of weakening travel demand

Delta Air Lines withdrew its full-year profit forecast Wednesday and shelved some planned capacity hikes, pointing to a weakening demand outlook amid recession worries and worsening trade wars.

Trump trade war escalates as China, EU counterattack

US President Donald Trump's trade war boiled over on Wednesday as China and the European Union adopted retaliatory tariffs against US goods, fuelling fresh market volatility.

Stocks volatile, oil plunges as trade war cranks higher

Wall Street rose but European and Asian stock markets tumbled along with oil on Wednesday as President Donald Trump's trade war cranked up a notch.

US Treasury chief defends tariffs, warns against aligning with China

US Treasury Secretary Scott Bessent warned countries Wednesday against aligning with China on trade, as he defended President Donald Trump's move to remake the world's biggest economy through sweeping tariffs that have stoked market turmoil.

Beijing consumers mull spending habits as 'worrying' tariffs kick in

Chinese consumers in Beijing mulled their their spending habits and said they are prepared to forego American brands if that means avoiding the pinch from the escalating trade war with the United States.

Tata Steel to cut jobs at Dutch plant by 15%

Indian-owned steelmaking giant Tata Steel announced Wednesday it was slashing around 1,600 of the 9,200 jobs at its plant in the Netherlands, sparking a furious reaction from union leaders.

Tata Steel to cut jobs at Dutch plant by 15 pct

Indian-owned steelmaking giant Tata Steel announced Wednesday it was slashing around 1,600 of the 9,200 jobs at its plant in the Netherlands, sparking a furious reaction from union leaders.

China hawk Peter Navarro has Trump's ear

President Donald Trump's punishing tariffs on countries around the world, including a 104 percent increase in duties on China, bear the fingerprint of Peter Navarro, a Harvard-trained economist who has long warned against a rising Beijing.

'Catastrophe': Volkswagen town rattled by Trump trade war

The dour mood at Germany's crisis-hit auto giant Volkswagen has given way to angst and fury as US President Donald Trump has escalated a trade war against friends and foes alike.

Greek general strike hits transport and commerce

More than 15,000 people took to the streets in Greece on Wednesday in the second 24-hour general strike this year, calling for higher wages to match the rising cost of living.

Beijing consumers mull spending habits as tariffs kick in

Chinese consumers in Beijing mulled their their spending habits and said they are prepared to forego American brands if that means avoiding the pinch from the escalating trade war with Washington.

Trump's steep tariffs trigger fresh market panic

US President Donald Trump reignited market turmoil on Wednesday as punishing tariffs on dozens of countries kicked in, with China set to retaliate after being hit with levies topping 100 percent.

China seeks to 'tariff-proof' economy as trade war with US deepens

China is trying to tariff-proof its economy by boosting consumption and investing in key industries, but analysts say it remains critically vulnerable to the economic storm triggered by Donald Trump's 104 percent levies on its goods.

Some US consumers in 'survival mode' as Trump tariffs arrive

American consumers braced for pain even ahead of President Donald Trump's hefty tariffs on imported products, which came into effect overnight Tuesday into Wednesday.

Japan to sell more rice reserves as prices soar

Japan will sell more rice from its emergency stockpile through July in an attempt to stabilise soaring prices, the agricultural minister said Wednesday.

India central bank cuts interest rates as Trump tariffs kick in

India's central bank cut interest rates in the world's fifth-largest economy on Wednesday as US President Donald Trump's tariffs kicked in and policymakers warned of "challenging global economic conditions".

Trump's new tariffs take effect, with 104% on Chinese goods

US President Donald Trump's punishing tariffs on dozens of economies came in force Wednesday, including over 100 percent in levies against Chinese goods, dramatically ramping up a devastating global trade war.

Nepal royalists seek return of king

Nearly two decades since Nepal became a secular republic, a surge of pro-monarchy protests have swept the Himalayan nation, fuelled by economic despair and disillusionment with current leaders.

Trumps presses on with 104% tariffs on China

US President Donald Trump on Tuesday forged ahead with tariffs of over 100 percent against Chinese goods after Beijing refused to withdraw its retaliation as the world's biggest economies go head-to-head in a ruinous trade war that has rocked global markets.

Musk brands Trump aide 'dumber than a sack of bricks' in tariff spat

Billionaire Elon Musk blasted President Donald Trump's senior trade advisor Peter Navarro as "truly a moron" and "dumber than a sack of bricks" on Tuesday in a growing rift over the US tariff policy that has rocked the world.

Stocks bounce after tariffs-fuelled rout

Stock markets bounced higher on Tuesday following a huge sell-off, but analysts warned of more turmoil as US President Donald Trump charges ahead in his escalating trade war.

Trenitalia wants to compete with Eurostar on Paris-London route

Trenitalia said Tuesday it plans to launch a new high-speed rail service connecting London and Paris, as the days of Eurostar's three-decade monopoly on the line look increasingly numbered.

Markets calmer despite growing US-China trade tensions

Stock markets regained some ground on Tuesday, even as trade tensions between the United States and China escalated sharply after days of turmoil over US President Donald Trump's tariffs offensive.

Trump's trade representative says tariffs 'bearing fruit'

The top US trade official on Tuesday defended President Donald Trump's sweeping tariffs on nearly every other nation, telling US senators almost 50 countries had reached out to make a deal.

Shanghai's elderly investors keep faith despite stock market woes

A raucous group of elderly investors held court at a Shanghai securities company on Tuesday, chatting loudly about the stock prices flickering on LED boards as Chinese markets stutteringly recovered from the brutal day before.

The Prague Post - Economy (English)