Treasury Secretary Scott Bessent said the Group of 7 agreed that penalties related to a 2021 “global minimum tax” deal will not apply to American companies.
Category: Europe
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Europe Is Finally Ready to Spend More on Defense. The Hard Part Is How.
After a yearslong debate over NATO spending, European nations are poised to commit more funds to deter Russia. Now the region must decide how to unify its fragmented manufacturing.
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BYD and Other Chinese Carmakers Expand Sales in Europe Despite Tariffs
BYD and other companies doubled their share of the car market after the European Union imposed higher tariffs on electric vehicles from China.
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China Is Unleashing a New Export Shock on the World
As President Trump’s tariffs close off the U.S. market, Chinese goods are flooding countries from Southeast Asia to Europe to Latin America.
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French Luxury Giant Kering Taps Auto Executive as Its New Leader
The former chief executive of the carmaker Renault will replace Francois-Henri Pinault as the struggling company seeks a turnaround.
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New Trade Deal Could Boost UK Food Exports to EU, Including Shellfish
Brexit had complicated many of Britain’s food exports to Europe. A new trade deal between the U.K. and the E.U. could make them easier, including for shellfish farmers.
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Traveling to Europe? Here’s What to Expect From Tourism Protests on June 15.
On Sunday, activists in Barcelona, Lisbon and other hot spots plan to take to the streets to voice their concerns about “touristification.”
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Germans Are Buying More Electric Cars, but Not Teslas
Drivers in the country, Europe’s largest car market, are avoiding vehicles from Tesla, which has seen a drop in sales in other countries as well.
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How the Baby Formula Brand Bobbie Got Caught in the RFK Jr. Backlash
Laura Modi’s company, Bobbie, is rooted in science and uses organic ingredients. Some of her fans aren’t happy that she’s willing to work with the Trump administration.
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Doing Business in China Is Getting Harder, but Its Exports Are Hard to Resist
European companies operating in China say the market has become increasingly challenging because of weak economic demand and opaque government rules on business.
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Trump’s E.U. Tariff Threat Could Cause Economic Damage Beyond Europe
A 50 percent tax on European imports would hit the continent hard, hurt the U.S. economy and slow growth globally.