Economists are slashing eurozone growth forecasts after Trump’s 20% tariffs on EU exports. Weaker trade, confidence, and investment now dominate outlooks, boosting expectations for ECB rate cuts, with April seen as likely. Inflation risks take a back seat for now. Muhamad Yehia.Cairo Donald Trump’s announcement of sweeping 20% tariffs on …
Read More »?How is the European auto industry responding to Trump’s tariffs
Euronews spoke with Benjamin Krieger from the car industry group CLEPA, who shed light on the potential impact of Trump’s auto parts tariffs on the global car industry. Cairo .. Muhamad Yehia US president Donald Trump’s 25% tariff on foreign-made cars imported into the US was implemented on Thursday, with …
Read More »Republicans move ahead with Trump’s tax break bill and spending cuts
Critics are concerned that tax cuts may be implemented at the expense of key social services, such as healthcare and childcare support. Muhamad Yehia After a long wait, the Senate is launching action on President Donald Trump’s “big, beautiful bill” of tax breaks and spending cuts at a risky moment …
Read More »Republicans move ahead with Trump’s tax break bill and spending cuts
Critics are concerned that tax cuts may be implemented at the expense of key social services, such as healthcare and childcare support Muhamad Yehia After a long wait, the Senate is launching action on President Donald Trump’s “big, beautiful bill” of tax breaks and spending cuts at a risky moment …
Read More »China imposes retaliatory 34% tariff on imports of all US goods
China’s move comes in response to US tariffs, totalling 34% on Chinese goods, announced by Washington this week Muhamad Yehia .. Cairo China announced on Friday that it would impose a 34% tariff on imported goods from the US, starting 10 April. The move is a response to a US …
Read More »EU seals new Central Asia partnership deal as debut Samarkand summit ends
Amid global tensions following Trump’s tariff announcements, the EU marked 30 years of diplomatic ties by declaring a new strategic partnership with Central Asia Muhamad Yehia .. Cairo The EU has announced a new strategic partnership with countries in Central Asia at the conclusion of a debut summit in the …
Read More »?Europe braces for Trump’s tariffs: What could the economic damage be
Trump’s tariffs on EU goods could slash exports by at least €85 billion, hitting autos and pharmaceuticals hardest. Germany, Denmark and Central Europe face sharp fallout, raising recession risks and forcing the ECB to consider rate cuts Muhamad Yehia The much-awaited 2 April—dubbed “Liberation Day” by the Trump administration – …
Read More »‘Major economic blow’: EU and world leaders react to Trump’s tariffs
US President Donald Trump’s announcement of a new 20% tariff on the European Union drew a sharp rebuke from European Commission President Ursula von der Leyen. Muhamad Yehia The EU leader said it was a major blow to the world economy and the consequences “will be dire for millions of …
Read More »French antitrust watchdog fines Apple €150 million over data collection tool
Without directly condemning Apple’s data collection tool, the antitrust regulator has determined that the conditions surrounding its implementation amounted to an abuse of a dominant market position. The decision comes at a time of tension between the US and the EU over the treatment of Big Tech. Muhamamd Yehia France’s …
Read More »Police investigate after more than a dozen Teslas burned in Rome
Cairo .. Muhamad Yehia The incident is the latest in a series of suspected arson attacks targeting Elon Musk’s company. Italian police are investigating a possible arson attack after more than a dozen Tesla cars were burned at a dealership at the edge of the capital early on Monday morning. …
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