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Trump threatens EU with ‘much higher’ tariffs if no trade deal signed by new deadline
President Donald Trump has said he will give the European Union until July 4 to ratify its trade agreement with the U.S., threatening to raise tariffs to “much higher” levels if the 27-nation bloc fails to do so. In a post on Truth Social late Thursday, Trump issued a new trade deadline during a “great call” with European Commission President Ursula von der Leyen, one in which he said both leaders agreed Iran can never possess a nuclear weapon. The conversation took place shortly after the U.S. president pledged to raise tariffs on cars and trucks imported from the EU to 25%, accusing the bloc of not ... (full story)
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From @MarketsCapApp|May 8, 2026|3 commentsJust in | ECB President Lagarde warns that widespread adoption of stablecoins for deposits could undermine lending and the effectiveness of monetary policy transmission.
Stablecoins and the future of money: separating functions from instruments It is a privilege to be at Castillo de Bará for the inaugural Banco de España LatAm Economic Forum. Few developments in recent years have moved from the periphery to the centre of the policy debate as quickly as stablecoins. Stablecoins have grown from less than USD 10 billion six years ago to more than USD 300 billion today. They are overwhelmingly denominated in US dollars, and nearly 90% of the market is controlled by two issuers – Tether and Circle – based in El Salvador and the United States, respectively. As their adoption has expanded and their links to the real financial system are deepening, the risks they pose have come firmly into focus, especially as regards financial stability. These concerns have been particularly acute in parts of Latin America and Africa, but they are now firmly part of the policy debate in advanced economies as well. Europe was early to recognise this. Th
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