Articles in this Cluster
23-05-2025
European stocks fell after Donald Trump threatened 50% tariffs on the EU from June 1. The Stoxx 600 closed down 1%, with bigger drops in Germany’s DAX (-1.6%) and France’s CAC 40 (-1.6%), while the FTSE 100 slipped 0.2%. Financials and consumer cyclicals led losses; banks like Deutsche Bank, SocGen, and UniCredit dropped 4–5%+, and autos declined. A flight to safety boosted government bonds across Europe, pushing yields sharply lower, and lifted the Swiss franc; sterling briefly hit a one-year high, while the euro pared earlier gains. In the U.K., Ofgem said average annual household energy bills will fall by £129 from July due to lower wholesale prices. Johnson Matthey shares eased after a prior surge on Honeywell’s $2.4 billion deal for its catalyst unit. UniCredit pressed ahead with its Banco BPM bid, challenging Italy’s use of “Golden Power” conditions.
Entities: Donald Trump, Stoxx 600, DAX, CAC 40, FTSE 100 • Tone: analytical • Sentiment: negative • Intent: inform
23-05-2025
U.S. stocks fell Friday as President Trump reignited trade tensions, targeting Apple and the EU. The Dow dropped 0.61%, the S&P 500 0.67%, and the Nasdaq 1%. Apple slid 3% after Trump threatened a 25% tariff on iPhones not made in the U.S., while he also floated a 50% tariff on EU goods starting June 1. Markets pared losses after reports the White House didn’t view the remarks as formal policy. U.S. Steel jumped 21% after Trump backed a partnership with Nippon Steel. The declines capped a week where major indexes fell more than 2%, with strategists warning that ongoing tariff rhetoric and rising rates could fuel further volatility despite recent optimism.
Entities: U.S. stocks, President Trump, Apple, European Union, Dow Jones Industrial Average • Tone: analytical • Sentiment: negative • Intent: inform
23-05-2025
President Trump approved a partnership between U.S. Steel and Japan’s Nippon Steel, reversing a prior national security block under President Biden. Trump said the deal will keep U.S. Steel’s headquarters in Pittsburgh, create at least 70,000 jobs, and add $14 billion to the U.S. economy, with most investment over the next 14 months. U.S. Steel shares jumped over 20% on the news. The Committee on Foreign Investment in the U.S. had been re-reviewing the proposal since April. Trump plans a rally at U.S. Steel in Pittsburgh on May 30.
Entities: Donald Trump, U.S. Steel, Nippon Steel, Pittsburgh, Committee on Foreign Investment in the United States (CFIUS) • Tone: analytical • Sentiment: positive • Intent: inform
23-05-2025
President Donald Trump said he is recommending a 50% tariff on all EU imports starting June 1, arguing trade talks have stalled and accusing the bloc of unfair practices. He added he’s “not looking for a deal,” framing the tariff as set policy unless products are made in the U.S. The threat followed his warning of at least a 25% tariff on Apple if it doesn’t manufacture iPhones domestically. Markets fell on the news, though the White House signaled it wasn’t a formal policy statement. Treasury Secretary Scott Bessent said the move is intended to pressure the EU, while Chicago Fed President Austan Goolsbee warned such tariffs could be stagflationary. The EU declined comment.
Entities: Donald Trump, European Union, 50% tariff, Apple, U.S. manufacturing • Tone: urgent • Sentiment: negative • Intent: inform
23-05-2025
European stocks largely shrugged off President Trump’s threat of 50% tariffs on EU goods, with analysts viewing it as a negotiating tactic rather than a likely policy. The Stoxx 600 fell about 1%, milder than prior tariff scares. Experts from Barclays, Capital Economics, ING, Berenberg, and Mizuho argue the extreme rate would inflict major costs on U.S. consumers and risk EU retaliation—making full implementation unlikely. They expect higher-than-previously-assumed tariffs, potentially around 10–20% rather than 50%. If enacted, analysts estimate significant GDP hits for Europe (notably Germany and Ireland) and inflationary pressures in the U.S., complicating Federal Reserve policy. The EU has prepared retaliatory measures and could target U.S. tech and market access if talks fail. Overall, markets interpret the move as “escalate to de-escalate,” with negotiations likely to settle at lower—but still elevated—tariff levels.
Entities: Donald Trump, European Union, Stoxx 600, Federal Reserve, Germany • Tone: analytical • Sentiment: neutral • Intent: analyze
23-05-2025
China views the recent 90-day US-China tariffs truce as a tactical win but is preparing for tough, narrowly focused negotiations amid deep strategic rivalry. Beijing is signaling it won’t make quick concessions—pushing back on US export controls, Huawei chip warnings, and fentanyl demands—while still likely open to limited deals (e.g., increased US goods purchases, cooperation on precursor chemicals) to stabilize ties. With US demands unclear under Trump, China aims to protect access to its largest export market, avoid tariff escalation, and leverage strengths like rare earth controls. Analysts say Beijing believes it can endure more economic pain than the US, but even reduced tariffs could still significantly hit China’s growth and jobs if not stabilized.
Entities: China, United States, US-China tariffs truce, Huawei, rare earths • Tone: analytical • Sentiment: neutral • Intent: analyze
23-05-2025
President Trump threatened a 25% tariff on Apple if it doesn’t manufacture iPhones for the U.S. market domestically. Treasury Secretary Scott Bessent, in a Fox News interview, defended the stance, framing it as part of the administration’s broader push to boost U.S. manufacturing through tariffs. The CNN segment contextualizes the move within wider tariff impacts on businesses and consumers.
Entities: President Donald Trump, Apple, iPhone, 25% tariff, U.S. manufacturing • Tone: analytical • Sentiment: neutral • Intent: inform
23-05-2025
President Trump announced a planned “partnership” between U.S. Steel and Japan’s Nippon Steel that he says will keep U.S. Steel’s headquarters in Pittsburgh, create at least 70,000 jobs, and bring $14 billion in investment—much of it within 14 months. Details remain unclear, including governance and whether it differs from Nippon’s previously blocked $14.3 billion acquisition. The move follows a CFIUS review and Nippon’s pledge to invest, including a new $4 billion U.S. mill. Reactions are mixed: U.S. Steel praised the plan, Pennsylvania leaders largely welcomed it, and the United Steelworkers condemned any sale to Nippon as a threat to jobs and national security. U.S. Steel shares jumped 21% on the news.
Tone: neutral • Sentiment: neutral • Intent: inform
23-05-2025
President Trump threatened a 50% tariff on EU goods starting June 1, 2025, saying talks are “going nowhere” and asserting he’s “not looking for a deal.” Markets in Europe and the U.S. fell on the news. Treasury Secretary Scott Bessent criticized EU proposals but hinted multiple trade deals with other partners are near. Trump’s move follows a paused 20% “reciprocal” tariff (set to expire July 9) and targets what he calls EU non-monetary trade barriers, including VATs and digital services taxes that disproportionately affect U.S. tech firms. The EU urged negotiations “based on mutual respect,” previewed up to $108 billion in retaliatory tariffs, and said it’s ready to defend its interests while pursuing a zero-for-zero offer. European leaders condemned the threat, warning of higher prices and damage to global trade.
Entities: Donald Trump, European Union, 50% tariff, Scott Bessent, digital services taxes • Tone: urgent • Sentiment: negative • Intent: inform
23-05-2025
President Trump announced a planned “partnership” between U.S. Steel and Japan’s Nippon Steel, projecting 70,000 jobs and $14 billion in U.S. investment over 14 months, though no deal terms were provided. The move marks a shift from the Biden administration’s earlier national security-based block of Nippon’s $14 billion acquisition bid. Trump framed the arrangement as investment rather than an outright sale, leaving ownership structure unclear. U.S. Steel said it will remain American and grow via the partnership; Nippon welcomed the approval but has previously insisted on majority control to share technology. U.S. Steel shares jumped over 21% on the news. The United Steelworkers union remains opposed, citing job security and trade concerns. Pennsylvania leaders from both parties expressed support, and Trump said U.S. Steel’s headquarters will stay in Pittsburgh. Negotiations with U.S. officials are expected to determine the deal’s exact form.
Entities: U.S. Steel, Nippon Steel, Donald Trump, United Steelworkers, Pittsburgh • Tone: analytical • Sentiment: neutral • Intent: inform
23-05-2025
US President Donald Trump threatened 50% tariffs on all EU goods starting June 1 after trade talks broke down, and warned Apple it could face a 25% tariff on iPhones made outside the US unless production shifts domestically. The announcements rattled markets, with the S&P 500 down 0.67% and Apple shares falling 3.02%, alongside declines in Europe. Trump said he had previously told CEO Tim Cook of his US manufacturing expectations, signaling an escalation in his broader trade pressure campaign.
Entities: Donald Trump, European Union, Apple, Tim Cook, iPhone • Tone: urgent • Sentiment: negative • Intent: inform
23-05-2025
Donald Trump signaled support for a “partnership” between US Steel and Japan’s Nippon Steel, reversing his earlier opposition to Nippon’s $14.9bn takeover bid that Joe Biden had blocked on national security grounds. Trump said US Steel would remain headquartered in Pittsburgh and touted a plan to create at least 70,000 jobs and invest $14bn over 14 months, prompting US Steel shares to surge near Nippon’s original $55-per-share offer. Nippon applauded the move; the White House did not comment. Pennsylvania allies framed it as protecting 11,000 existing jobs and creating thousands more, while the United Steelworkers remained opposed. Investors expect the deal to proceed on terms similar to 2023, with US Steel eventually going private.
Entities: Donald Trump, Nippon Steel, US Steel, Joe Biden, United Steelworkers • Tone: analytical • Sentiment: neutral • Intent: inform
