Icelanders vote on EU membership talks in a high-stakes national referendum. Find out what this means for European geopolitics and global mark...

Italian Prime Minister Giorgia Meloni is set to cause a diplomatic stir today st her meeting with U.S. President Donald Trump in Washington - the first European leader to do so since Trump’s decision ...

The European Union is asking Beijing to voluntarily limit Chinese hybrid vehicle sales to 15% of the EU market — or face forced restrictions. With a €1 billion-a-day trade deficit and fears of deindustrialisation, Brussels is done waiting. Talks are expected to reach a crunch point by October.

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WASHINGTON (Reuters) -President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, U.S. Commerce chief Howard Lutnick said on Tuesday ahead of Trump’s self-imposed Aug. 1 deadline. U.S. and EU officials were still discussing steel and aluminum tariffs as well as digital services regulations following their framework announced on Sunday, Lutnick told CNBC in an interview, adding that talks with China were also "their own thing". "But for the rest of the world, we’re going to have things done by Friday," he said in the interview. Asked about remaining uncertainties surrounding the U.S.-EU agreement, Lutnick said Trump was working "to get things done now." He said pharmaceuticals were a key part of the EU deal so that medicines made in European countries—home to several major drugmakers—would see their products included in the 15% tariff. "It was important for them to have pharmaceuticals be part of the deal at 15% because President Trump is going to come out in the next two weeks with his pharmaceutical policy, and it is going to be higher," he said.

Investing.com -- Treasury Secretary Scott Bessent said Wednesday that U.S. talks with the European Union "are going better than they had been," while noting that Japan secured a lower 15% auto tariff rate by proposing an innovative financing package. In a Bloomberg TV interview, Bessent explained that Japan’s reduced tariff rate came after the country offered a creative solution involving "partnership, equity, and credit guarantees" as part of its foreign direct investment pledge, which he described as "all new capital." When asked if the EU could secure a similar 15% tariff rate instead of the proposed 25%, Bessent emphasized that Japan’s rate was specifically tied to its innovative approach, suggesting the EU would need to propose something comparable. Bessent characterized the EU’s preparation of retaliatory measures as a negotiating tactic, adding "I would do the same if I were in EU place." Regarding China, the Treasury Secretary said the U.S. is "in a good place" and can "move on to bigger talks," noting it’s "not sustainable" for China to make up 30% of global manufacturing. He stressed the U.S. doesn’t want decoupling from China but rather "supply de-risking." On Federal Reserve matters, Bessent said there are "a lot of strong Fed candidates including on the board" and at regional banks, though he wouldn’t discuss specific names or the nomination process for the next chair. He added that the administration is "not in a rush" on Fed chair nomination and confirmed his regular meetings with current Chair Jerome Powell continue. Bessent also criticized the Fed’s analysis of tariffs as "a bit off" and suggested the central bank should conduct an internal review of its policies, possibly using an outside panel similar to what the Bank of England has done in the past. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

(Reuters) -European shares rose on Wednesday, led by automobiles, after U.S. President Donald Trump revived hopes for a trade deal with the EU following an agreement with Japan. The pan-European STOXX 600 index gained nearly 1% to 549.6 points, as of 0715 GMT, following three straight days of declines. Britain’s blue-chip FTSE 100 rose for a fifth session to a record high. Other regional indexes also traded higher with France’s CAC 40 leading the pack with a 1.3% jump. European automobile stocks led the broad-based rally with a 3.4% rise, tracking strength in Asian rivals. Porsche and Mercedes-Benz (OTC:MBGAF) gained 7.6% and 5.8%, respectively. Trump struck a trade deal with Japan that lowers tariffs on auto imports and spares Tokyo from punishing new levies on other goods in exchange for a $550 billion package of U.S.-bound investment and loans. The Japan deal included reduced 15% tariffs for auto exports to the U.S., down from 25% before. Meanwhile, the prospects of an EU-U.S. trade agreementimproved after Trump said on Tuesday that EU representatives would come for trade negotiations on Wednesday. Among individual stocks, Lonza shares were among the top gainers, rising 5.4% after the Swiss company topped core profit forecast driven by its drug manufacturing business. ASM International (AS:ASMI) pressured technology stocks after the computer chip equipment maker reported second-quarter bookings below market expectations on Tuesday. Its shares fell 7.7%, the most among STOXX 600. SAP fell 3.5% after the German software maker reported a positive second-quarter profit on cost cuts and increased demand but held off on increasing its full-year outlook.

Investing.com -- The European Union is prepared to implement countermeasures against the United States if trade negotiations between the two economic powers break down, EU trade chief Maros Sefcovic said Monday. Speaking after a meeting with EU ministers in Brussels, Sefcovic stated that EU member states had reached a consensus on the need for such measures should the talks fail to produce an agreement. Despite this stance, Sefcovic expressed optimism about the ongoing dialogue, saying there is "still a potential to continue the negotiations" with the United States. The trade chief emphasized that any potential deal would require approval from both EU member states and the European Parliament before it could be implemented. Sefcovic also revealed he planned to speak with his American counterparts later Monday to discuss the current state of negotiations. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

US stocks jump as Trump touts ‘positive’ progress on EU trade talks  Financial Times