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Yet after negotiations, both sides agreed to lower recent tariffs and continue talks. Top international trade stories:sweeping us tariffs go live Wto slashes its 2026 trade forecast Top trade stories this month Trump says us and china trade deal 'done' Us and uk finalise trade deal. The agreement will cut levies on 90% of british products sold in the country, including whisky, food and electrical devices The new agreement is expected to increase bilateral trade between the countries by $34 billion a year from 2040. The us and eu have reached a deal on trade tariffs which sets a 15% tariff for most exports into the us The deal has been criticized by several european leaders who fear it will harm competitiveness At the start of july, the world economic forum convened the inaugural meeting of leaders for european growth and competitiveness to tackle regional growth. The future of trade is under threat from rising protectionism, and prevailing narratives about the end of globalization It underscores the importance of regional cooperation in an increasingly interconnected and disrupted world. Global trade drives the world economy, but it is subject to constant change from economic, political and environmental forces. Today, trade tensions persist as governments and business leaders negotiate tariffs rates and exemption policies, fuelling uncertainty and turbulence in financial markets Amidst the turmoil, we ask three experts why tariffs create such volatility in financial markets and how the instability could impact the global economy in the near future.