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Dean McKillip and Lizzy Rawdah.

Would you pay $900,000 to live in Valencia? This couple did

While Spain and Portugal are cancelling or tightening their golden visa schemes, expats and retirees are finding other ways to live out their lifestyle fantasies.

This Month

Ranchers herd cattle in Xinguara, Para state, Brazil. The country’s beef sales to China climbed a third in the first quarter of 202.

Trump’s trade war a boon for Brazil but has US farmers reeling

US agricultural shipments to China sank 54 per cent in January compared with a year earlier. South America’s biggest economy was one of the main winners.

A security guard stands next to a sculpture titled ‘The World Turned Upside Down’ by artist Mark Wallinger in London, United Kingdom.

Nations try ‘banding together’ in new global trade era

Officials around the world are dashing to diversify their economies. But the fight between the US and China casts a long shadow.

European Commission President Ursula von der Leyen.

EU warns of taxing US big tech if Trump trade talks fail

The European Commission president says she wants a “balanced” deal but could hit US services in retaliation.

European Central Bank president Christine Lagarde suggests Europe needs its own payments system.

Trump’s trade ructions will end up disrupting banking and payments

European Central Bank president Christine Lagarde has lamented an almost exclusively American financial infrastructure. Others feel the same way.

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Donald Trump’s tariffs escalate trad war with China, as Xi Jinping retaliates.

Could Trump’s tariffs decouple Europe from China, too?

The levies may trigger a strategic diversion of Chinese exports from America to the EU, eventually compelling European governments to respond with their own trade barriers.

Europe could end up more like 1980s Qld than 1930s Germany

There’s a problem with being on the lookout for a rerun of the 1930s: you could miss what’s actually happening.

A worker at a Lego factory in Vietnam.

Beijing seeks to build alliances against US

Europe and South-East Asian countries are the best hope for China as it looks to build on commercial and strategic relationships in the region and beyond.

Trump holding an executive order in the Oval Office on Wednesday.

Australia caught in crossfire as China, US seek allies for trade war

Canberra is backing in a potential free trade deal with Europe but rebuffs China’s overtures to resist Donald Trump’s tariff wave.

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ASX gains $112b; Why Trump backed down; Did he manipulate market?

Read everything that’s happened in the news so far today.

Bourbon was removed from the bloc’s list amid pressure from member states after Trump threatened 200 per cent duties on wine, champagne and other alcoholic beverages from France and elsewhere.

EU adopts tariffs on $45b of US goods in metals fight

The European Commission said the countermeasures can be suspended at any time “should the US agree to a fair and balanced negotiated outcome”.

Israeli Prime Minister Benjamin Netanyahu with Donald Trump in the Oval Office.

Trump’s game of bluff on tariffs and tax

China is threatening to “fight to the end” if America imposes yet more tariffs. The respite on global sharemarkets is likely to be temporary if trade tensions continue to escalate.

A container ship sails off from a container terminal in Qingdao in China’s Shandong province.

Only Trump’s tariffs can fix a rigged global trading system

After decades of cheating the United States, world leaders should know this: tariffs are just the beginning.

Donald Trump leaves Air Force One on his way back to the White House to confront a panic week on Wall Street

Tariff maelstrom bears down on Dutton’s election hopes

Labor is as alarmed as any government as Donald Trump’s sharemarket carnage unfolds. But it also sees a political advantage.

A used Range Rover at a Land Rover dealership in Tucson, Arizona. The parent company has halted shipments for now.

British car maker Jaguar Land Rover pauses shipments to US

The company, which makes luxury cars that include Jaguars, Defenders and Range Rovers, does not have manufacturing facilities in the United States.

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The White House was last week forced to hose down Politico and ABC reports that Donald Trump had told members of his cabinet that Elon Musk would soon depart and return to the private sector.

Musk splits with Trump on tariffs, wants US-EU free trade zone

The billionaire and presidential adviser told Italy’s League party that he’d like America and Europe to move “to a zero-tariff situation”.

Donald Trump

Trump open to tariff cuts in return for ‘phenomenal’ offers

The president broadly defended his sweeping tariff program despite a massive sell-off in the sharemarket, saying the economic turbulence would settle.

Shipping containers stand on a dock at the Port Jersey container terminal

Trump says global trade is unfair on US. He has a point

The president claims countries have been ripping off the United States for decades. There is some truth to that argument — but also a lot of hypocrisy.

President Donald Trump unveils the “reciprocal” tariffs.

Trump’s ‘beautiful’ trade war will leave an ugly scar

The diplomatic cost of the US president’s tariffs will be enduring. Countries will look to do the serious deals with each other and bypass America in future.

Donald Trump declared a national economic emergency to launch the tariffs, expected to produce hundreds of billions in annual revenues.

Trump unveils 10pc tariffs on all imports, higher for 60 countries

The president used aggressive rhetoric to describe a global trade system that the US helped to build, saying “our country has been looted, pillaged, raped, plundered”.

Original URL: https://www.afr.com/topic/european-union-5wv