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Trade News
Trade News
01
Aug
July 30, 2025
What happened?
On July 27, the United States and the European Union (EU) announced a framework trade agreement and released a Fact Sheet on July 28 that calls for the reduction of proposed tariff levels and includes new bilateral investment and procurement commitments. The White House on July 22 released a Fact Sheet outlining the terms of the US–Indonesia reciprocal trade agreement, previously addressed in PwC’s July 18 Tax Insight. The fact sheet highlights key tariff, regulatory, and...
30
Jul
Global trade developments continue to shape the outlook.
Following an unprecedented escalation in tariffs imposed on the rest of the world in April, the United States partly reversed course, pausing the higher tariffs for most of its trading partners. This, and a de-escalation of trade tensions with China in May, modestly reduced the US effective tariff rate from 24% to about 17%.
Despite these welcome developments, tariffs remain historically high, and global policy remains highly uncertain, with only a few countries...
30
Jul
By Lukas Boeckelmann, Lorenz Emter, Vanessa Gunnella, Karin Klieber and Tajda Spital
With trade tensions between China and the United States reaching new heights, Chinese exports may be redirected to the euro area. In a severe scenario, this additional supply and the accompanying lower import prices could bring down euro area inflation by as much as 0.15 percentage points.
The United States has imposed tariffs on many trading partners, with China being hit particularly hard. Hamstrung by higher US tariffs, Chinese...
29
Jul
Overview: The US and EU struck a trade deal that is less onerous than threatened and reduces the uncertainty plaguing businesses and investors. In May, President Trump threatened a 50% tariff on most EU goods, and yesterday, agreed to 15% (including autos and pharma, but not metals). There seems to be some debate over whether quota and tariff system will apply to steel and aluminum. The EU reportedly agreed to purchase $750 bln of US energy, "vast amounts" of military...
29
Jul
On 27 July 2025, European Commission President Ursula von der Leyen and US President Donald J. Trump agreed a deal on tariffs and trade.
The transatlantic partnership is a key artery of global trade and is the most significant bilateral trade and investment relationship in the world. EU-US trade in goods and services has doubled over the last decade, surpassing €1.6 trillion in 2024, with €867 billion of trade in goods and €817 billion of trade in services. That is over €4.2 billion of goods and services crossing the Atlantic every...
28
Jul
We have reached a deal on tariffs and trade with the US.
Today's deal creates certainty in uncertain times. It delivers stability and predictability, for citizens and businesses on both sides of the Atlantic. This is a deal between the two largest economies in the world. We trade USD 1.7 trillion per year. Together we are a market of 800 million people. And we are nearly 44% of global GDP. Just a few weeks after the NATO summit, this is...
25
Jul
By Rachel Szymanski, Chief Economist, Trepp
Commercial real estate (CRE) decisions are highly dependent on the macroeconomic environment, one that has become increasingly volatile and difficult to navigate. The biggest challenge is predicting whether large macro developments will unfold gradually or trigger sharp cascades.
In highly uncertain times, it becomes even more important to focus not just on tracking outcomes but on understanding the larger forces that shape how the economy will adjust to new developments. Beyond headline indicators, it is the...
21
Jul
What happened?
Over the past week, President Trump has continued to pursue tariff enforcement measures as part of the administration’s broader trade policy agenda. President Trump has escalated the administration’s tariff strategy with new and proposed duties on goods from the European Union (EU), Mexico, Canada, and Russia, while simultaneously pursuing trade negotiations that led to preliminary agreements with Vietnam and Indonesia, and a potential agreement with India nearing completion. These steps are aimed at reducing bilateral tariffs and expanding...
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