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Euro-area inflation will turn out slower than previously forecast because of higher US tariffs, according to a Bloomberg survey that supports the case for the European Central Bank to cut interest rates this week.

China’s government said the US decision to exempt certain consumer electronics from its so-called reciprocal tariffs is a small step toward rectifying its wrongdoings and urged Washington to do more to revoke the levies.

Spanish Prime Minister Pedro Sanchez said his country will work to build “solid and balanced” relations between China and the European Union, as their ties come under strain from an intensifying trade war started by Donald Trump.

The selloff in Treasuries intensified as investors continued to pull back from US assets, sending longer-dated yields toward the biggest weekly surge since the 1980s.

Gold rose to a fresh record above $3,200 an ounce as concerns about the impact of tariffs on the global economy pushed investors to the safe haven.

Top European Union officials are making plans to visit China for a meeting with President Xi Jinping , the South China Morning Post reports — a sign Brussels may be keen to develop better ties with Beijing amid the Trump administration’s tariff onslaught.

China will raise tariffs on all US goods from 84% to 125% with effect from April 12, according to the Finance Ministry.

Deutschland steuert auf eine Regierung von CDU/CSU und SPD zu. Nach der Einigung am Mittwoch sind Fachleute und Medien nach Durchsicht des 144-seitigen Koalitionsprogramms aber skeptisch, dass es für eine „Wende“ mit konservativer Handschrift reicht. So sah die „Süddeutsche Zeitung“ („SZ“) am Donnerstag denn auch „weniger ein Bündnis für Fortschritt als eines, das bewahren will“.

Mari Shor was deep into a firm-wide presentation on what President Donald Trump’s tariffs meant for the dozens of consumer companies she analyzes at Columbia Threadneedle when someone interrupted her. Mari, the tariffs are paused, the colleague said, the stocks you cover are soaring.

Officials from the US and Iran are set to meet Saturday in Oman for the highest-level talks on the Islamic Republic’s advancing nuclear program since 2022, a sign of Tehran’s eagerness for sanctions relief and to avoid the crippling military attack that President Donald Trump has threatened.

Stocks and bonds resumed a selloff and the dollar extended losses after its biggest plunge in three years as a worsening global trade war eroded an already fragile appetite for risk.

The spectacular stock market rebound came with a lack of any real conviction as a look beneath the surface reveals aggressive short covering and very low liquidity despite massive trading volumes.

US President Donald Trump may have announced a delay in some of his tariff plans, but the first signs of an economically-damaging slowdown in global trade are already emerging as companies around the world hit their own pause button on orders and he continues to escalate his trade war with China.

The European Union will delay for 90 days the implementation of its counter tariffs against the US over the 25% duties President Donald Trump imposed on the bloc’s steel and aluminum exports last month.

President Donald Trump’s tariffs on Chinese imports are now at least 145%, far above the level many economists said could decimate US-China trade.

Goldman Sachs Group Inc. economists rescinded their forecast for a US recession after President Donald Trump announced a 90-day pause on most of his previously announced tariffs.

The social media post landed at 9:37 a.m. in New York.

China’s top leaders are poised to meet Thursday to discuss additional economic stimulus after US President Donald Trump ratcheted up tariffs, according to people familiar with the matter.

The European Central Bank should allow uncertainty stoked by US President Donald Trump’s broadside on global trade to clear before considering any further interest-rate cuts, according to Governing Council member Robert Holzmann.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said a recession is a “likely outcome” of the turmoil tied to President Donald Trump’s tariffs.

The dirtiest coal-fired power plant in the US and dozens of others are being exempted from stringent air pollution mandates as part of US President Donald Trump’s bid to revitalize the industry.

US-Präsident Donald Trump legt überraschend zahlreiche der erst zuletzt in Kraft gesetzten Zölle nach eigenen Angaben für 90 Tage auf Eis. Das gelte für die reziproken Zölle und für die Zölle von zehn Prozent. Die Pause gelte ab sofort, allerdings nicht für China, wie er über seine Plattform Truth Social mitteilte. Für China erhöhe er die Zölle auf 125 Prozent – „aufgrund mangelnden Respekts“, wie er schrieb.

The European Union approved tariffs to hit around €21 billion ($23.2 billion) of US goods in retaliation for the 25% duties President Donald Trump imposed last month on the bloc’s steel and aluminum exports.

Trump Tariffs Live News: Stocks Tumble As China Retaliates With 84% Tariff

The Federal Reserve will need to step in to stabilize the Treasury market if a rout that briefly propelled the US’s long-term borrowing costs above 5% continues, according to Deutsche Bank AG.

Treasuries sold off and stocks retreated as US President Donald Trump hiked trade tariffs to a 100-year high and ratcheted up pressure on China.