logo
Trump Says He Has A Tariff Deal With European Union, Avoiding Trade War

Trump Says He Has A Tariff Deal With European Union, Avoiding Trade War

President Trump said he reached a trade agreement on Sunday with the European Union, avoiding a damaging trade war with the U.S.'s largest trading partner and marking his biggest deal so far in his attempt to remake the global trading system through higher tariffs for U.S. trading partners.
Trump made the announcement at Trump Turnberry, his seaside golf resort in western Scotland, after meeting with European Commission President Ursula von der Leyen, who leads the EU's executive body.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EU Tariff Deal Lacks Detail: Greta Peisch
EU Tariff Deal Lacks Detail: Greta Peisch

Yahoo

time23 minutes ago

  • Yahoo

EU Tariff Deal Lacks Detail: Greta Peisch

Greta Peisch, Former General Counsel for the Office of the US Trade Representative and Partner at Wiley Rein, shares her thoughts on the US and EU reaching a trade deal and whether or not she believes President Trump is proving that tariffs work. She also talks about the EU tariff rate, what happens if all the countries in the EU don't sign off on the tariff deal, and trade talks between the US & China resuming Tuesday. Greta Peisch speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Report – Inter Milan Going All-In On Atalanta Talisman & Not Targeting Any ‘Plan B' Options
Report – Inter Milan Going All-In On Atalanta Talisman & Not Targeting Any ‘Plan B' Options

Yahoo

time23 minutes ago

  • Yahoo

Report – Inter Milan Going All-In On Atalanta Talisman & Not Targeting Any ‘Plan B' Options

Inter Milan are going all-in on trying to sign Atalanta forward Ademola Lookman, and there is no 'Plan B' in attack. This according to Italian outlet They report that the Nerazzurri are hoping to make the decisive offer for the Nigerian tomorrow. Inter Milan have made Atalanta's Ademola Lookman their priority target. The Nerazzurri made an offer of €40 million for the Nigerian earlier this month. However, Atalanta rejected this initial bid – giving Inter a counteroffer of €50 million. However, that has not deterred Inter. Far from it – they are aiming to return with another offer very soon. Inter Milan Going All-In On Ademola Lookman BERGAMO, ITALY – MAY 25: Ademola Lookman of Atalanta BC looks on during the Serie A match between Atalanta BC and Parma Calcio 1913 at Gewiss Stadium on May 25, 2025 in Bergamo, Italy. (Photo by) The Gazzetta dello Sport confirm that Inter plan to make the decisive bid for Lookman tomorrow. The Nerazzurri are planning to offer around €43 million plus add-ons. Inter are planning to offer €2-3 million in add-ons as part of the deal. And these could be crucial to the talks getting over the line. According to the Gazzetta, Inter are all-in on signing Lookman. So much so, in fact, that the newspaper report that the Nerazzurri do not have a backup target for the 27-year-old. Inter are confident that they will be able to sign Lookman. And that they'll be able to do it soon.

Retail ETFs Pop on EU Deal; MAGS, QQQ Rise Ahead of Earnings
Retail ETFs Pop on EU Deal; MAGS, QQQ Rise Ahead of Earnings

Yahoo

time23 minutes ago

  • Yahoo

Retail ETFs Pop on EU Deal; MAGS, QQQ Rise Ahead of Earnings

Retail ETFs jumped on Monday as the United States clinched a trade deal with the European Union, setting tariffs at 15%. The deal comes just ahead of the Aug. 1 deadline the White House set for all tariff negotiations, refusing to extend or delay any further. Speaking alongside U.K. Prime Minister Keir Starmer, President Donald Trump explained that going forward, there would be a "global tariff" in the range of 15%-20%. Retail ETFs jumped on the news while broad markets also inched higher before paring gains. XRT Flatlines, VGK Drops The SPDR S&P Retail ETF (XRT) rose mildly in early trading Monday before falling by 0.5% midday. The ProShares Online Retail ETF (ONLN) fared much better, jumping nearly 1% before giving back some gains, boosted in part by tech darling Inc. (AMZN). The EU is the largest trading partner to the United States with major imports in the furniture, wine/alcohol, rubber and machinery categories. The $600 billion dollar deal would see the EU increase American energy and defense imports. The Vanguard FTSE Europe ETF (VGK) fell 1.9% as of midday Monday on the news. But despite the White House lauding the trade agreement as a "landmark deal," investors have set their sights on earnings and an upcoming Fed decision. MAGS Jumps Ahead of Major Tech Earnings Four members of the "Magnificent Seven"—Meta Platforms Inc. (META), Microsoft Corp. (MSFT), Apple Inc. (AAPL) and AMZN—are set to report quarterly earnings this week, turning investor interest to the tech sector. Markets are set to pay close attention to any news about artificial intelligence and investments into AI tech and strategies. The Roundhill Magnificent Seven ETF (MAGS) jumped Monday as investors were more attracted to risk ahead of earnings. The Invesco QQQ Trust (QQQ), which mirrors the tech-heavy Nasdaq-100 index, also notched gains. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Tech companies will have to clear a lower bar this quarter after analysts slashed estimates amid tariff concerns and the central bank holding rates steady. Last week, Alphabet Inc. (GOOGL) beat earnings expectations and raised spending forecasts. But Mag 7 member Tesla Inc. (TSLA) disappointed, pointing to slumping revenue and tougher margins. Tesla CEO Elon Musk told investors to brace for some rough quarters in the future. Fed Expected to Hold Rates Steady Rounding out a busy week ahead, the Federal Reserve is set to meet this week and make a decision on rates. According to the CME FedWatch Tool markets are pricing a 97% chance that the Fed will hold rates steady. A rate cut is largely not expected until the fall at the September FOMC meeting. Tariff concerns have continued to weigh on the central bank, which is currently walking a tightrope between economic stimulus and reigning in inflation. The impact of tariffs has yet to appear in inflation reports, causing the Fed to hold its course. During testimony last month in front of the House Financial Services Committee, Fed Chair Jerome Powell confirmed that the Fed would have cut rates by now were it not for tariffs. Bond yields rose Monday in advance of the Fed meeting, sending Treasury bond prices lower. Yields and prices move in opposite directions. The iShares 20+ Year Treasury Bond ETF (TLT) dipped 0.6% as of Monday | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store