EUR/USD remains stable as trade tensions between the US and EU rise and the EU suggests countermeasures
EUR/USD is set to rebound from a low reached over two weeks ago as traders rethink the implications of Trump’s tariff threat. President Trump has issued a warning about a potential 30% tariff on all imports from the EU, effective August 1st. The EU Commission is planning a second measure aimed at US imports valued […]
EUR/GBP rises above 0.8650 as the EU prolongs the halt on countermeasures to US tariffs
The EUR/GBP is increasing as the EURO gains strength after the EU decided to continue suspending its retaliation measures against US tariffs. President Trump has announced a 30% tariff on imports from the European Union and Mexico. The pound is under pressure due to disappointing GDP figures from the UK, raising expectations for potential rate […]
China announces countermeasures by raising tariffs on US goods from 84% to 125% from Saturday
China announced measures on Friday, raising tariffs on US goods from 84% to 125% from Saturday. The United States and China expanded the trade war by raising tariffs, even if US President Donald Trump suspends tariffs in other countries. Trump's universal tariffs on China total 145%. On April 10, 2025, Chinese cargo containers were stacked […]
The EU announces countermeasures to Trump’s tariffs
The European Union announced its own measures on Wednesday, saying it will come into effect on April 1 after the Trump administration officially increased tariffs on all steel and aluminum imports to 25%. “The US is applying tariffs worth $28 billion, so we are responding with measures worth 26 billion euros ($28 billion),” European Commission's […]
China promises ‘countermeasures’ to US arms sale to Taiwan
China's Foreign Ministry slammed the United States and Taiwan on Sunday after the U.S. State Department approved a $385 million arms sale to Taiwan. Chinese officials also criticized the United States for approving Taiwanese President Lai Ching-de's visit to Hawaii and the U.S. territory of Guam. China considers Taiwan to be its own sovereign territory […]