Hungary reinstates a ban on Ukrainian agricultural imports to protect domestic farmers and reverses its withdrawal from the International Criminal Court, highlighting economic and political recalibrations.
The EU and Mexico finalize a decade-long trade agreement eliminating most tariffs and reducing barriers, aiming to boost exports and investment amid shifting global trade dynamics.
Following high-level talks, China signals renewed interest in purchasing U.S. oil and soybeans, highlighting evolving trade ties and potential geopolitical shifts involving Iran.
Donald Trump and Xi Jinping met in Beijing to discuss key issues including Iran’s blockade of the Strait of Hormuz and ongoing trade disputes, signaling a potential recalibration of Sino-American relations.
The US delays raising tariffs on EU cars until July 4, awaiting compliance with a major 2025 trade agreement, underscoring ongoing transatlantic trade tensions.
The ifo Institute warns that US tariffs on EU cars and possible EU retaliation could plunge Germany into recession by 2026, threatening its critical automotive sector amid escalating trade tensions.
The EU-Mercosur free trade agreement begins temporarily, promising industrial growth amid legal and environmental challenges within the European Union.
The Central Bank holds the key interest rate at 14%, citing ongoing food price inflation and external economic risks despite a general decline in inflation.