#dieWIRTSCHAFTSPRAXIS-VW.THINKTANK I NEWS.BLOG

US President Donald Trump characterized trade in cars between the US and Japan as unfair on Sunday, little more than a week before higher tariffs are set to kick in if a deal isn’t reached between the two nations.

Canada withdrew its digital services tax on technology companies such as Meta Platforms Inc. and Alphabet Inc. in a move to restart trade talks with the US.

German inflation unexpectedly eased this month, matching the European Central Bank’s goal for the first time in almost a year.

European stocks outperformed their US peers by the biggest margin on record in dollar terms during the first half, the most dramatic sign of how the region’s markets are staging a comeback after more than a decade in the doldrums.

With just 10 days to go until President Donald Trump’s country-specific tariffs are set to resume, the White House appears poised to fall short of the sweeping global trade reforms it promised to achieve during the three months they were on hold.

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

The global economy’s concussion from five months of Donald Trump’s presidency is likely to feature when five of the world’s leading central bank chiefs discuss monetary policy in public on Tuesday.

Inflation inched up in France and Spain but not enough to concern European Central Bank officials who are optimistic that their 2% target will be met sustainably this year.

German Chancellor Friedrich Merz warned European Union leaders that the mounting debts of governments and companies are fueling the risk of a new financial crisis.

Iran denied that nuclear talks with the US are scheduled to resume, diminishing prospects for diplomacy after President Donald Trump suggested a deal could come as early as next week.

Treasury Secretary Scott Bessent said the Trump administration’s agenda for trade agreements could get wrapped up by the Labor Day holiday, indicating some negotiations are likely to extend past the upcoming July deadline for elevated reciprocal tariffs.

The European Union and the US believe they can clinch some form of a trade agreement before a July 9 deadline, when Washington is set to impose a 50% tariff on nearly all EU products and the bloc plans to unleash its own series of countermeasures.

Der Oberste Gerichtshof der USA hat Präsident Donald Trump im Streit mit Bundesgerichten den Rücken gestärkt. Der Supreme Court in Washington schränkte am Freitag die Möglichkeit einzelner Richterinnen und Richter ein, Entscheidungen Trumps zu blockieren. Scharfe Kritik an der Entscheidung kommt vonseiten der Demokraten, die nachhaltige Folgen für die Grundrechte in den USA, wie das der Causa zugrundeliegende Geburtsrecht, befürchten.

The US and China finalized a trade understanding reached last month in Geneva, US Commerce Secretary Howard Lutnick said, adding that the White House has imminent plans to reach agreements with a set of 10 major trading partners.

The Treasury Department announced a deal with G-7 allies that will exclude US companies from some taxes imposed by other countries in exchange for removing the Section 899 “revenge tax” proposal from President Donald Trump’s tax bill.

European Union leaders are discussing their response to President Donald Trump’s latest proposal on trade after a briefing from Ursula von der Leyen.

US consumer spending grew in the first quarter at the weakest pace since the onset of the pandemic on a sharp deceleration in outlays for a variety of services.

The dollar dipped amid an increase of bets on US interest-rate cuts on growing expectations the next Federal Reserve chairman is likely to ease monetary policy earlier than currently anticipated.

The Federal Reserve unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more Treasuries and act as intermediaries in the $29 trillion market.

Europe’s car market picked up slightly in May, as robust demand for electric and hybrid vehicles helped offset the drag from a patchy economy hit by global trade tensions.

American airstrikes had only a limited impact on Iran’s nuclear program, according to early US intelligence findings, as the United Nations watchdog urged fresh inspection of the sites.

NATO leaders agreed to increase defense spending to 5% of GDP and renewed their commitment to mutual defense in an historic move that comes at the time of an increasingly belligerent Russia.

The European Union is considering cutting more than 20 banks from SWIFT, the international payments system, as well as lowering a price cap on Russian oil and banning the Nord Stream gas pipelines as part of a new sanctions package that aims to increase pressure on Moscow to end its war against Ukraine.

The European Union plans to impose retaliatory tariffs on US imports, including on Boeing Co. aircraft, if President Donald Trump puts a baseline levy on the bloc’s goods as many expect.

Federal Reserve Chair Jerome Powell will reiterate to lawmakers the central bank is in no rush to lower interest rates as officials wait for more clarity on the economic impact of President Donald Trump’s tariffs.

Die von US-Präsident Donald Trump Dienstagfrüh verkündete Waffenruhe zwischen Israel und dem Iran hat nur kurz gehalten. In Israel wurde die Bevölkerung vorübergehend aufgefordert, Schutzräume aufzusuchen, da das israelische Militär mindestens einen Raketenstart aus dem Iran Richtung Israel entdeckt habe. Der Iran dementierte die Meldung über einen neuen Raketenangriff. Der israelische Verteidigungsminister Israel Katz wies dennoch daraufhin das Militär an, Angriffe auf Ziele in Teheran durchzuführen.