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  4. Trump warns EU o...de deal deadline

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5/20/2026
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Mexico's inflation slowed to 4.45% in April - Mexico's annual inflation slowed in April for the first time this year, official data released Thursday showed, opening the door to interest rate cuts.

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Robots could offset up to 60% of china's labor force loss - The widespread adoption of humanoid robots in China could offset up to 60% of the expected labor force loss by 2035.

Trump warns EU of trade deal deadline

05/08/2026
Economy
Trump warns EU of trade deal deadline
Trump warns EU of trade deal deadline

President Donald Trump on Thursday warned the European Union to fulfill the terms of the trade agreement reached last year at his golf resort, Turnberry, in Scotland.

Trump said he held talks with European Commission President Ursula von der Leyen on a number of issues, including their shared position on the inadmissibility of Iran possessing nuclear weapons. The conversation also discussed the trade deal signed in Turnberry, which Trump called the largest trade agreement in history.


Trump said the EU had committed to zero tariffs as part of the agreement. He said he had given von der Leyen until July 4—the 250th anniversary of the United States—to fulfill the EU's commitments, warning that tariffs would increase sharply if the EU failed to comply.


The trade agreement reached at Trump's Scottish golf resort in July 2025 stipulated that the EU would eliminate tariffs on American manufactured goods, while the US would cap tariffs on most goods at 15 percent.


Negotiations between EU lawmakers and governments on implementing legislation for the deal ended on Wednesday without reaching an agreement. The European Commission, which leads trade negotiations on behalf of the bloc's 27 member states, has yet to adopt the necessary enabling legislation.


Trump had previously threatened to impose 25 percent tariffs on European cars.

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