The European Union is planning to raise duties on steel imports to 50%, Bloomberg news agency, which has seen the draft proposal, <a href="https://www.bloomberg.com/news/articles/2025-10-02/eu-to-propose-doubling-tariff-rate-on-steel-imports-to-50?srnd=homepage-europe">reported</a>. The move would equalize the EU rate with duties in the United States.

Bloomberg: EU intends to double duties on steel imports - up to 50%

BP p.l.c.

Shell plc

TotalEnergies SE

Oil prices could fall below $60 a barrel before the end of the year, some analysts suggest

Shares of EU oil and gas giants were among the growth leaders. What is driving the market?

Alphabet Inc.

Shares of Alphabet (Google's parent company), however, were up 1.5% in trading on Sept. 5

Google fined nearly €3 billion in Europe for advertising market abuse

Washington is willing to lower auto duties only after European fees are eliminated

EU to speed up lifting duties on U.S. goods to protect auto industry - Bloomberg

Meta Platforms, Inc.

NVIDIA Corporation

The Estee Lauder Companies Inc.

Fed Chairman Jerome Powell gave hope for a rate cut in September at the annual economic forum in Jackson Hole. The White House confirmed the purchase of 10% of Intel. EU has accelerated work on the digital euro due to the passage of the U.S. Stablecoin Act. Meta struck a $10 billion deal with Google. Donald Trump met with Ukrainian President Vladimir Zelensky and European leaders in Washington. About the main events from August 18 to 22 - in our review.

Highlights of the week: Powell speech, Meta and Google deal, EU accelerates with digital euro

The U.S. and EU agreed on a trade deal last month 

Pharmaceuticals, chips and autos: US and EU clarify terms of trade deal

Rheinmetall AG

BAE Systems plc

Leonardo S.p.a.

An index of European military companies compiled by Bloomberg slipped 3.8% after hitting a record in June

The rally of European defense companies has stalled. Where should we shift our attention?

The dollar is coming out of a prolonged downward streak - July could be its first month of gains since December

The dollar has its best July since 2019. What will happen to the exchange rate next?

Stellantis N.V.

Stellantis has estimated its losses due to duties in 2025 at €1.5 billion

Stellantis restored its 2025 forecast for growth. Why did the stock fall?

The European Central Bank did not change interest rates for the first time in more than a year. This decision coincided with the expectations of market participants. The regulator noted that inflation has reached the target level of 2% and is under control, but the external environment remains highly uncertain, especially against the background of trade disputes. ECB head Christine Lagarde said: we can say that the current interest rates are "frozen", and the regulator itself is in a "wait and see" mode;

"The situation is highly uncertain": the ECB left the rate unchanged for the first time in a year

U.S. President Donald Trump is seriously engaged in restructuring the international trade system, and it seems that other countries, which he hits with import duties, have nowhere to go, because the U.S. market is the largest in the world. But to reduce their dependence on it and support their economies, they have begun to negotiate with each other, including on projects that have been under discussion for decades. As a result, trade may become freer - outside the US;

A ship without a captain: How countries make trade alliances without the U.S.

Apple Inc.

MP Materials Corp.

Block, Inc.

US President Donald Trump signed the Stablecoin Act into law - a major event for crypto-business. Bitcoin price this week exceeded $123 thousand for the first time. The EU is preparing to impose duties on goods from the U.S. for 72 billion euros in response to Washington's trade fee hike from August 1. China's GDP dynamics gives hope to the luxury market. The main events from July 14 to 18 - in our review;

#European Union: 15