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By Steve Holland WASHINGTON (Reuters) -Israeli Prime Minister Benjamin Netanyahu promised on Monday to eliminate Israel’s trade surplus with the United States, a move likely to be closely watched by world leaders as President Donald Trump’s tariff policy roils global markets. “We intend to do it very quickly,” Netanyahu said as he sat beside Trump …

In nod to Trump, Netanyahu pledges to eliminate Israel’s trade surplus with US Read More »

By Julia Payne BRUSSELS (Reuters) -The European Commission proposed counter-tariffs of 25% on a range of U.S. goods on Monday in response to President Donald Trump’s tariffs on steel and aluminium, a document seen by Reuters showed. The tariffs on some goods will take effect May 16 and others later in the year, on December …

EU Commission proposes 25% counter-tariffs on some US imports, document shows Read More »

By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve Chair Jerome Powell has sent strong messages when he felt they were needed, going on television to pledge maximum support for the economy when the COVID-19 pandemic struck, using a terse 2022 speech for a stern message about inflation, and jumping in to backstop financial markets …

No Fed ‘put’ when it’s unclear which way the economy may pivot Read More »

WASHINGTON (Reuters) – The European Union will need to lower its non-tariff barriers, including those created by value-added taxes, if it wants to reach a deal to lower U.S. tariffs imposed by President Donald Trump, White House trade adviser Peter Navarro said on Monday. Navarro told CNBC television that the EU’s willingness to negotiate with …

EU needs to lower non-tariff barriers, including VAT, White House trade adviser says Read More »

WASHINGTON (Reuters) – Peter Navarro, President Donald Trump’s top trade adviser, on Monday dismissed tech-billionaire Elon Musk’s push for “zero tariffs” between the United States and Europe, calling the Tesla CEO a “car assembler” reliant on parts from other countries. Navarro, widely seen as the architect of Trump’s tariff plans, told CNBC Musk had done …

Trump adviser Navarro dismisses Musk as ‘car assembler’ after tariff comments Read More »

By Julia Payne and Maggie Fick BRUSSELS/LONDON (Reuters) -European Commission President Ursula von der Leyen held a call with metals industry representatives on Monday and was due to speak later to the automobile sector about how to respond to U.S. tariffs. The calls aimed to collect data for further counter-measures beyond Brussels’ response to Washington’s …

EU Commission head discusses response to tariffs with auto, steel and pharma leaders Read More »

By Nidal al-Mughrabi and Hatem Khaled GAZA/CAIRO (Reuters) -A Palestinian journalist was killed on Monday and nine others were wounded, some critically, when an Israeli air strike hit a tent used by local media in southern Gaza, medics and the local journalists’ union said. Footage showed people trying to douse flames in the tent, inside …

Palestinian journalist killed in Gaza as Israel targets colleague Read More »