Trump revealed the decision in letters addressed to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum.

President Trump signed an executive order earlier this week delaying implementation until August 1. This allows additional time for negotiations, though the administration has been clear: retaliatory actions from other countries will result in tariffs being doubled.

This latest round of letters comes just two days after Trump disclosed a similar notice sent to 14 other nations. These included Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, Myanmar, Bosnia and Herzegovina, Tunisia, Indonesia, Bangladesh, Serbia, Cambodia, and Thailand

Greece has delivered the strongest stock market performance globally in 2025, with gains approaching 60%.

In May, the EU warned it could impose retaliatory tariffs on up to €95 billion worth of American imports, including vehicles and aircraft, should talks with the US administration fail

The potential for rate cuts has already impacted the U.S. dollar, which dipped 0.2% on Monday

European markets have taken center stage at recent investor conferences, with a steady pattern of inflows over the past 12 months, contrasting the outflows from the U.S

This opinion piece is part of To BHMA International Edition’s NextGen Corner, a platform for fresh voices on the defining issues of our time.

As tensions rise once more, global markets are left watching closely whether the two economic giants can salvage the truce or spiral further into trade conflict.

U.S. President Donald Trump announced Friday he would double tariffs on imported steel and aluminum to 50%, despite recent court rulings that put the kibosh on the authority he was using to implement global tariffs.

By law, only cheese produced in specific Greek regions and made using traditional methods can bear the name “feta.”

U.S. President Donald Trump threatened the European Union (EU) it would face an additional 50% tariffs, starting June 1, in a social media post on Friday. Posting on his social platform, Truth Social, Donald Trump criticized the EU leadership as counterproductive, calling the current trade relations between the two “totally unacceptable.” The post reads, “The […]

A Bank of Greece (BoG) report assesses the country’s financial stability and recovery are at risk from external factors linked to rising geopolitical tensions and the global resurgence of trade protectionism like tariffs. The May 2025 Financial Stability Report highlights significant improvements in the Greek banking sector, as it continued to exhibit robustness in its […]

The U.S. will lower tariffs on Chinese goods from as high as 145% to 30%, while China will reduce its tariffs on American imports from 125% to 10%.

"But for me, it's important that if I go to the White House, I want to have a package we can discuss."

In a Truth Social post on Friday, Trump wrote, “80% Tariff on China seems right! Up to Scott B,” referring to Treasury Secretary Scott Bessent, who is leading the U.S. delegation at the talks in Switzerland.