EU may as well be ‘province of China’ due to reliance on imports, says industrialist Stefan Scherer, boss of AMG Lithium, says Europe must become more self-sufficient in critical raw materials and new technologies
He was the EU’s great Brexit survivor. Can Maroš Šefčovič now pull off a trade deal with Trump? EU’s longest-serving commissioner faces arguably his sternest test with the clock ticking before 9 July deadline
White House says Canadian PM ‘caved’ to Trump demand to scrap tech tax Trump officials hail U-turn as Mark Carney says decision to rescind digital services tax means revival of trade talks
US reaches deal with China to speed up rare-earth shipments, White House says China confirms details amid efforts to end trade war but reiterates it will continue to approve export permits
Rising poverty in conflict zones ‘causes a billion people to go hungry’ In first assessment since pandemic in 2020, World Bank urges other countries to step up support
EU retaliation against Trump drug tariffs would be bad idea, says industry European pharmaceutical body says it would be ‘negative for both sides’ if Brussels hits back on threatened US levies
EU ready for trade deal with US but ‘all options on the table’, says von der Leyen European Commission president says EU will ‘defend the European interest as needed’ as Trump threatens 50% steel tariffs
Ex-world leaders call for ‘powerful shift’ as they warn of extreme inequality Former leaders urge current state heads to work together to end poverty amid potential of first trillionaires emerging
Chinese exports to UK rise as firms seek to avoid US tariffs Data shows 16.1% jump as Bank of England suggests influx of cheaper goods could bear down on inflation
US strikes on Iran could damage global growth, says IMF chief Oil prices could rise if Iran goes ahead with threat to shut down shipping in the strait of Hormuz
‘Vital’ that British steel gets Trump tariff deal after UK-US trade pact, say unions Starmer should secure deal as soon as possible to exempt UK steel from US levies, says Community union
Cheaper imported chicken and beef increasingly seen in UK supermarkets Grocers turning to Australia, Poland and Uruguay for meat, prompting claim they are undermining British farmers
2020s on course to be weakest decade for global economy since 1960s, says World Bank Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffs
Between ‘rollover UK’ and ‘retaliatory China’: will EU hardball secure trade deal with US? Optimism is growing in Brussels, but high-risk strategy has only weeks to play out before pause in tariff threat ends
UK will slump to 1% growth next year as Trump tariffs bite, says OECD US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecast