Canadian aluminium smelters have started diverting primary metal away from the United States in response to the ratcheting up of import tariffs, first to 25% in March and then to 50% in June.

An EU pharma lobby has criticized the Trump administration’s plans to impose 15% tariffs on pharmaceutical imports amid uncertainty over how the newly announced U.S.-EU trade deal targets the product group,

President Donald Trump struck a new trade deal with the European Union on Sunday, allowing the EU to avoid a 30% tariff rate that was scheduled to begin on Aug. 1. Trump met with European Commission President Ursula von der Leyen over the weekend and discussed the new trade deal,

Unlike the European Union, the Japanese government has made no indication it plans to impose any kind of reciprocal tariff on the U.S., even if the U.S. does move forward with its planned 25% tariffs on all Japanese exports.

Merz said the recently concluded trade agreement between the EU and the United States — which includes a 15% tariff on most EU imports — would cause “significant damage” to German industry. Read also: Giorgia Meloni supports U.

Euro falls against dollar, with Trump's tariffs seen as slowing European growth