China retaliates against EU ban with import restrictions on medical devices
China’s Finance Ministry said on Sunday that it was restricting government purchases of medical devices from the EU if they exceeded 45 million yuan ($6.3 million). It’s a retaliation against the bloc saying last month it would ban Chinese firms from competing for EU public tenders for medical devices worth more than 60 billion euros ($70 billion) a year.
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— Chloe Taylor
European stocks poised for mixed open
London Bridge on March 12, 2024.
Lucy North – Pa Images | Pa Images | Getty Images
Good morning from a very gray London.
Europe-listed shares look set for a mixed open today. Futures tied to the regional Stoxx 50 were last seen trading 0.1% higher, while those tied to London’s FTSE 100 and the German DAX were last 0.2% lower and 0.2% higher, respectively.
Futures tied to France’s CAC 40 are around 0.3% lower this morning.
— Chloe Taylor
Trump threatens extra 10% tariff on countries that align with ‘Anti-American’ BRICS policies
U.S. President Donald Trump gestures, on the day he is expected to sign a sweeping spending and tax legislation, known as the “One Big Beautiful Bill Act,” at the White House in Washington, D.C., U.S., July 4, 2025.
Ken Cedeno | Reuters
U.S. President Donald Trump has threatened an additional 10% tariff on countries that orient themselves along the “Anti-American policies of BRICS.”
Trump’s announcement, which did not elaborate on any specific policy of BRICS, came as the group’s meeting is underway in Rio de Janeiro, Brazil.
The bloc’s leaders took aim at Trump’s sweeping tariff policies in a joint statement dated July 6, warning against “unjustified unilateral protectionist measures, including the indiscriminate increase of reciprocal tariffs.”
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— Anniek Bao
#Tariffs #Stoxx #FTSE #DAX
