Markets hit record highs despite new Trump tariffs on Canada, Brazil, and EU. Earnings season begins, with volatility ticking up and investors watching guidance closely.

US President Donald Trump speaks during a multilateral lunch with visiting African Leaders in the State Dining Room of the White House in Washington, DC, on July 9, 2025.

"The EU and China are broadly on a colliding trajectory in terms of their trade and industrial policy concerns," he told CNBC. Bones of contention include the challenge of China's overcapacity and trade diversion to Europe, Stec, who is also head of the Mercator Institute's Brussels office, explained.

The European Union will not receive a letter from the United States setting out higher tariffs, EU sources familiar with the matter told Reuters on Monday, and is eyeing possible exemptions from the U.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) is one of the 10 Stocks That Investors Are Dumping. Ericsson dropped for a second day on Wednesday, losing 4.04 percent to close at $8.19 apiece as investors remained cautious about tariff uncertainties between the US and the European Union.

NEW YORK (Reuters) -Investors awaited tariff news between the U.S. and European Union on Friday that could add a potentially volatile development to the end of a week in which President Donald Trump reignited his global trade war.

The European Union may be nearing a trade agreement with the United States but is struggling to obtain immediate tariff relief and a commitment not to introduce new measures, the head of the European Parliament's trade committee said on Wednesday.

Amidst ongoing trade tensions, BMW's CEO expresses optimism for a US-EU auto tariff agreement. Discover what's at stake for the automotive industry and why a deal is crucial.