By Christina Amann and Philip Blenkinsop
BRUSSELS (Reuters) -Europe's carmakers, already battling stiff competition from Asia and a costly transition to electric cars, were dealing with another dose of reality on Monday - tariffs imposed by U.S. President Donald Trump.
A deal on Sunday to avert an all-out trade war between the European Union and the United States brought some relief, but the agreed lower tariff of 15% (versus 27.5%) is still... (continue reading...)
BRUSSELS (Reuters) -The European Union and United States will develop a metals alliance to mitigate the impact of subsidised Chinese production on global markets as part of their trade deal, European Trade Commissioner Maros Sefcovic said on Monday.
Sefcovic said that, in their hours of discussions to reach an agreement, U.S. officials came to realise the U.S. and EU steel sectors faced the same problem. As such, EU steel and aluminium makers will be... (continue reading...)
By Nate Raymond
(Reuters) -A federal judge on Monday blocked enforcement of a provision in U.S. President Donald Trump's recently enacted tax and spending bill that would deprive Planned Parenthood and its members of Medicaid funding, saying it is likely unconstitutional.
U.S. District Judge Indira Talwani in Boston issued a preliminary injunction after finding the law likely violated the U.S. Constitution by targeting Planned Parenthood's... (continue reading...)
By Siddhi Mahatole
(Reuters) -Revvity on Monday lowered its full-year adjusted profit forecast as it expects demand for diagnostics products in its key market China to be hurt by changes to the country's reimbursement policy, sending the company's shares down nearly 10%.
The medical equipment maker said that it now expects sales of its diagnostics products to grow in the low single digits this year, compared to its previous forecast of... (continue reading...)
(Reuters) -U.S. President Donald Trump said on Monday that he had instructed his trade team to resume negotiations on trade with Thailand and Cambodia after the two nations agreed to a ceasefire.
"Just spoke to the Acting Prime Minister of Thailand and Prime Minister of Cambodia," Trump said in a Truth Social post. "I have instructed my trade team to restart negotiations on trade."
(Reporting by Bhargav Acharya in Toronto and Brendan... (continue reading...)
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