However, von der Leyen, head of the EU executive which handles trade policy for the 27 member countries of the EU, said it was also ready to keep working towards an agreement by August 1. "Few economies in the world match the European Union's level of openness and adherence to fair trading practices,

European Council President Antonio Costa affirmed the EU's solidarity and readiness to protect its economic interests following U.S. President Donald Trump's imposition of 30% tariffs on EU goods. Costa emphasized the negative impact of tariffs on inflation and economic growth,

US President Donald Trump announced on Saturday the imposition of a 30% tariff on all imports from the European Union, effective August 1. The decision, delivered via formal letters, follows the breakdown of prolonged trade negotiations between Washington and Brussels.

The decision, posted in letters on his social media platform, has drawn concern and criticism from political and industry leaders across Europe and the United States.

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. President Donald Trump announced Saturday that he'll impose 30% tariffs on the European Union and Mexico, part of his renewed tariff hike push.

The EUR/GBP cross trades with mild gains near 0.8625 during the early European session on Thursday. Optimism around the United States (US)-European Union (EU) deal underpins the Euro (EUR). The German June inflation data will be released later on Thursday. On Friday, the attention will shift to the UK Gross Domestic Product (GDP) report.

DAX snaps a three-day winning streak on July 10 amid renewed US-EU tariff fears. BMW-led auto gains soften the pullback as investors eye ECB signals.

If you're worried about inflation and how it might potentially wreck your retirement, you're not alone. It's a worthy concern.

While Ponsse Oyj's Q1 operating profit and revenue growth are encouraging, profitability still lags 2021–2022 levels. See why PSSEF stock is a Hold.

The annual inflation rate will pick up considerably in the following months, under the transitory impact of the expiry of the electricity price capping scheme and the increase in VAT rates and excise duties starting August 1,

French consumer prices rose more than initially estimated in June, confirming a broader euro zone trend of gradually rising inflation as service costs accelerate and declines in energy price moderate.