
Free Trade Sank Europe’s Economy
Economic theory promised that free trade would bring new levels of prosperity to Europe. That did not happen. The continent needs a Trump-style rethinking of its economic future.

Economic theory promised that free trade would bring new levels of prosperity to Europe. That did not happen. The continent needs a Trump-style rethinking of its economic future.

A political agreement is in sight, but the clock is ticking before Trump’s July 9 tariff deadline.

Maroš Šefčovič is flying to the U.S. capital on Tuesday and aims to seal the deal before the July 4th celebrations start in Washington.

At the end of the day, what citizens want from their leaders is for them to defend their interests and their country.

Ahead of possible levies starting next week, a leading drug trade association claims a trade war would only deepen its problems.

Washington will lift “restrictive measures” while Beijing will “review and approve” items under export controls.
According to U.S. Commerce Secretary Howard Lutnick, the framework deal puts “meat on the bones” of an agreement reached last month in Geneva.
Germany’s central bank warns that a full-blown trade war with the U.S. could shrink the country’s economy in both 2025 and 2026, mainly due to falling exports and weakened business confidence.
European Commissioner for Trade Maroš Šefčovič said the tariffs hike does not help the negotiations between the U.S. and the EU.
Brussels have warned their counterparts that they are ready to employ tariffs of their own.