US President Donald Trump’s trade war has cost companies more than‭ $‬34‭ ‬billion‭ (‬Dh12.4‭ ‬billion‭) ‬in lost sales and higher costs‭, ‬according to a Reuters analysis of corporate disclosures‭, ‬a toll that is expected to rise as ongoing uncertainty over tariffs paralyses decision-making at‭ ‬some of the world’s largest companies‭.

Sweden's economy and households are already feeling the heat from U.S. President Donald Trump's trade tariffs, the country's finance minister said.

The boss of Mercedes, Ola Kallenius, has suggested that European lawmakers could allow US-made cars to be imported duty-free into the continent in exchange for tariff waivers on vehicles made in the EU and sent to the US.

Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, clearing the way for more rate cuts from the European Central Bank to support growth in the face of U.S. President Donald Trump's tariff offensive.

On June 4, 2025, the U.S. imposed a 50% tariff on steel and aluminum imports, sparking global reactions. President Trump justified this move as a national security measure to protect American industries.

President Donald Trump said Thursday that he spoke with China's President Xi Jinping and that they two global superpowers are planning additional trade meetings.