The giant BYD logo gracing the ship's hull and each car window sent shockwaves through this crisis-stricken economy run for decades by the left-wing populist movement of Peronism that protected local industry with stiff tariffs and import restrictions.

The European Commission said on Friday it would propose suspending for another six months an ​EU package of retaliatory trade measures against the ‌U.S. worth 93 billion euros ($109.19 billion) that would otherwise kick in on February 7.

If the Supreme Court rules against its tariffs, the Trump administration would begin replacing them immediately, said Jamieson Greer, the United States Trade Representative.

As Europe considers how best to respond to US President Donald Trump’s latest threats over Greenland’s sovereignty, there’s one extreme potential countermeasure that’s fueling debate among investors.

After 25 years of negotiations, the EU finalized an agreement with Mercosur to regain influence in Latin America, but faced fierce opposition from France, sparking a wave of skepticism across Europe.

European Commission President Ursula von der Leyen affirmed that the EU is building a "breakthrough wave of investment" in Greenland.

Despite relatively uniform nominal tariffs, effective tariff rates and pending investigations put most ASEAN goods at risk of additional tariffs amid the unpredictable US policy.

European Union ambassadors reached broad agreement on Sunday to intensify efforts to dissuade U.S. President Donald Trump from imposing tariffs on European allies, while also preparing retaliatory measures should the duties go ahead, EU diplomats said.

In 2026, global trade faces a structural turning point. The flows of goods once considered symbols of globalization now operate in a more uncertain environment, with geopolitical fragmentation, reshaped supply chains, and increasingly strategic trade policies.

Breaking with the United States, Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said Friday.