Germany’s Chancellor Olaf Scholz has welcomed the European Union’s response to newly imposed U.S. tariffs, viewing it as a unified stance that strengthens transatlantic relations. He emphasized the importance of solidarity among EU member states in addressing trade challenges.
UK Finance Minister has emphasized the necessity of “give and take” in ongoing negotiations to prevent the imposition of tariffs by the US. This statement reflects concerns over potential trade barriers that could impact UK businesses amid turbulent economic conditions.
The Canadian dollar and Mexican peso hit one-month lows as U.S. tariffs on imports exerted downward pressure on both currencies. Analysts warn that ongoing trade tensions could further destabilize the exchange rates in the near term.
In the wake of rising U.S. tariffs, India is re-engaging in trade discussions with the UK and EU. This renewed dialogue aims to bolster economic ties and address longstanding trade barriers, reflecting India’s strategic pivot towards stronger bilateral relationships.
