The European Central Bank was set to keep interest rates on hold on Thursday, pausing after seven straight cuts as it waited for the fog surrounding Europe's trade relations with the United States to clear.

High-level trade talks between South Korea and the United States were abruptly canceled due to scheduling conflicts involving U.S. Treasury Secretary Scott Bessent, South Koreas Ministry of Finance announced Thursday.

German Chancellor Friedrich Merz and French President Emmanuel Macron sought to present a united front amid a raft of geopolitical and economic challenges.

President Donald Trump says a trip to China may happen soon, hinting at efforts to stabilize U.S.-China trade relations

The European Commission is focused on resolving trade discussions with the United States through negotiations, while also preparing for potential countermeasures if needed. Trade Commissioner Maros Sefcovic is set to speak with U.

China and the EU have multiple trade disputes across a range of industries, but no disagreement is as sharp as their enormous trade imbalance. View on euronews

The US-China trade deal is likely a precursor to certain other agreements on Fentanyl and Nvidia semiconductor chip exports, but an eventual decoupling is inevitable.