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Tag: Trade Negotiations

EU Extends US Tariff Suspension, Pushing for Trade Deal Ahead of August Deadline

EU Extends US Tariff Suspension, Pushing for Trade Deal Ahead of August Deadline

EU Extends US Tariff Suspension, Pushing for Trade Deal Ahead of August Deadline The European Union has once again extended its suspension of retaliatory tariffs against the United States, signaling a continued push for a negotiated resolution to the escalating trade dispute. European Commission President Ursula von der Leyen announced on Sunday that the countermeasures, originally set to begin on Tuesday and targeting €21 billion worth of US goods, will now be postponed until early August. This extension comes in…

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US-EU Trade Deal at Brink: Tariffs Loom as July 9 Deadline Nears

US-EU Trade Deal at Brink: Tariffs Loom as July 9 Deadline Nears

US-EU Trade Deal at Brink: Tariffs Loom as July 9 Deadline Nears With just five days remaining until a critical July 9 deadline, the United States and the European Union are locked in intense negotiations to avert a potential trade war. Failure to reach an agreement could trigger the full implementation of U.S. President Donald Trump‘s ‘reciprocal tariffs,’ potentially hitting EU goods imported into the U.S. with duties as high as 50%. The looming deadline follows a 90-day reprieve on…

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S&P 500 Closes Record Quarter; Wall Street Eyes Trade Talks & Key Economic Data

S&P 500 Closes Record Quarter; Wall Street Eyes Trade Talks & Key Economic Data

S&P 500 Closes Record Quarter; Wall Street Eyes Trade Talks & Key Economic Data U.S. equity futures showed little change early Tuesday after the S&P 500 notched another record close, capping off a stellar second quarter. Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all saw marginal dips. Monday’s trading session saw the S&P 500 advance 0.52%, securing another all-time high, while the tech-heavy Nasdaq Composite also reached fresh records with a 0.47% gain. The…

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Wall Street Records: S&P 500, Nasdaq Hit New Highs as Q2 Ends Amid Trade Talks

Wall Street Records: S&P 500, Nasdaq Hit New Highs as Q2 Ends Amid Trade Talks

Wall Street Records: S&P 500, Nasdaq Hit New Highs as Q2 Ends Amid Trade Talks U.S. stock markets concluded the second quarter on a high note Monday, June 30th, 2025, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all reaching new record highs. The S&P 500 and Nasdaq each advanced 0.6%, while the Dow gained 308 points, or 0.7%. This market surge was fueled by positive developments in U.S.-Canada trade relations. Canada rescinded its digital service tax,…

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Canada Scraps Digital Tax to Revive Stalled US Trade Negotiations

Canada Scraps Digital Tax to Revive Stalled US Trade Negotiations

Canada Scraps Digital Tax to Revive Stalled US Trade Negotiations Canada has announced the immediate rescission of its controversial digital services tax, a move aimed at jumpstarting critical trade negotiations with the United States. The decision comes just days after former US President Donald Trump abruptly halted discussions over the levy. Canadian Prime Minister Mark Carney and former US President Donald Trump are set to resume trade talks, with a target date of July 21 for a potential agreement, according…

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Trump Announces Rare Earths Deal with China: A Truce in the Trade War?

Trump Announces Rare Earths Deal with China: A Truce in the Trade War?

Trump Announces Rare Earths Deal with China: A Truce in the Trade War? President Donald Trump announced a tentative deal with China regarding the supply of rare earth minerals and magnets to US companies. This announcement, made via his Truth Social platform, follows two days of intense negotiations in London aimed at easing escalating trade tensions. The agreement, described as “done” pending final approval from both Trump and President Xi Jinping, seemingly addresses US concerns about China’s slow release of…

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