يحاول ذهب - حر

American Allies Want to Redraw Trade Map, Minus US

July 14, 2025

|

Business Standard

Facing growing chaos, the EU and numerous other countries are seeking to forge a global trading group that is less vulnerable to Trump’s tariffs

- JEANNA SMIALEK

Trade chaos is forcing America's allies closer together, and further from the US.

And as that happens, the European Union (EU) is trying to position itself at the center of a new global trade map.

The 27-nation bloc learned this weekend that the US will subject it to 30 percent tariffs starting August 1. Ursula von der Leyen, the president of the EU executive branch, responded with a pledge to keep negotiating, and to retaliate if necessary.

But that was not the entire strategy. Europe, like many of the US trading partners, is also looking for more reliable friends.

"Meanwhile, we continue to deepen our global partnerships, firmly anchored in the principles of rules-based international trade," Von der Leyen said.

She will make good on that starting Sunday. Von der Leyen is scheduled to give a speech alongside Indonesia's president. Just as Trump threatens to put hefty tariffs on the Asian nation, the European Union is working to relax trade barriers.

المزيد من القصص من Business Standard

Business Standard

Business Standard

Govt may open bids to onboard 15K Nvidia GPUs

The Centre is likely to soon open another round of bidding to onboard about 12,000-15,000 B100 and B200 graphic processing units (GPUs) from Nvidia under the IndiaAI Mission, sources told Business Standard on Thursday.

time to read

2 mins

January 09, 2026

Business Standard

Business Standard

Journeys in the Chinese imperium

In The Edge of the Empire: A Family’s Reckoning with China Edward Wong, journalist with The New York Times, writes about his and his father’s journeys in and away from China and how they shaped their understanding of the country as well as of each other.

time to read

3 mins

January 09, 2026

Business Standard

India may face 500% US tariff over purchase of Russian oil

Trump backs Bill aimed at punishing countries buying Russian crude

time to read

2 mins

January 09, 2026

Business Standard

Review benefit illustration, premium table, surrender value clause before purchase

Even as overall grievances against life insurers stayed flat, complaints linked to unfair business practices (UFBP) rose, going from 23,335 in 2023-24 to 26,667 in 2024-25, an increase of 14.3 per cent, according to the Insurance Regulatory and Development Authority of India’s (Irdai) annual report for 2024-25.

time to read

2 mins

January 09, 2026

Business Standard

World's copper crunch likely to intensify on AI, defence spending

The race for artificial intelligence (AI) and surging defence spending are set to intensify a projected shortage of copper as producers struggle to expand, according to a new study by S&P Global.

time to read

2 mins

January 09, 2026

Business Standard

Business Standard

Indices fall 1% on tariff uncertainty

Indian equity benchmarks Sensex and Nifty posted their steepest one-day drop in more than four months amid heightened uncertainty over US trade tariffs.

time to read

2 mins

January 09, 2026

Business Standard

India likely to grow at 6.6% in FY27: UN

India’s economy is projected to grow at 6.6 per cent in 2026-27 (FY27), supported by resilient consumption and strong public investment, which should largely offset the adverse impact of higher US tariffs, the United Nations (UN) said on Thursday.

time to read

1 mins

January 09, 2026

Business Standard

Premiumisation may have driven Q3 realty growth

Top listed real estate developers are expected to deliver a healthy performance in terms of presales and earnings forthe third quarter of 2025-26 (Q3FY26), supported by festival demand, resilient buyer sentiment, steady launches, premium sales, and strong collections.

time to read

2 mins

January 09, 2026

Business Standard

Govt steps up efforts to attract FDI for GCCs, semicon units

In pursuit of its $1 trillion economy goal, the Uttar Pradesh (UP) government is stepping up efforts to attract foreign direct investment (FDI) in the Global Capability Centres (GCC) and semiconductor plants.

time to read

1 min

January 09, 2026

Business Standard

Health sector seeks tax relief, rationalised rates

Health care, medtech, and pharma companies have urged the government to use the Union Budget 2026-27 to ease tax pressures, boost domestic manufacturing, and step up investments in research, innovation, and preventive care.

time to read

2 mins

January 09, 2026

Listen

Translate

Share

-
+

Change font size