Donald Trump has threatened tariffs after the EU fined Google under the Digital Markets Act. Luxembourg's direct US trade is limited, but its open economy and financial centre remain exposed to a wider dispute.
President Trump ordered an immediate halt to all US trade with Spain on 8 July 2026, citing Madrid's refusal to hit NATO's 5%-of-GDP spending target and its stance on the Iran war. Spain shrugged the remarks off and the European Commission insisted trade is an EU-wide matter, underscoring the limits of unilateral action against a single member state.
President Trump has conditioned the presence of roughly 80,000 US troops in Europe on a deal over Greenland, an explicit linkage that forces European governments to confront how negotiable their American protection has become.
The US Supreme Court struck down President Donald Trump's executive order ending automatic citizenship for many US-born children, ruling 6-3 that the 14th Amendment guarantees birthright citizenship.
The US Supreme Court on 29 June 2026 gave the president sweeping power to dismiss the leaders of independent agencies, overturning a 90-year-old precedent — while pointedly carving out the Federal Reserve, the institution global markets watch most closely.
Donald Trump has threatened to slap 100% tariffs on goods from any country that taxes US technology companies, a move that would override the EU-US trade deal due to take effect on 4 July. Brussels called the threat unjustified. Luxembourg's direct US exposure is small, but a blanket transatlantic tariff would strike at the steel exports, industry and financial services on which its open economy depends.
The US Supreme Court ruled 6-3 in Mullin v. Doe that federal courts cannot review the Trump administration's decision to end Temporary Protected Status for Haiti and Syria, clearing the way to strip protections from more than 350,000 Haitians and about 6,000 Syrians.
Right-wing newcomer Abelardo de la Espriella leads Colombia's presidential runoff by fewer than 250,000 votes. His leftist rival Iván Cepeda has not conceded, contesting the count as Colombia braces for a sharp rightward turn.
NATO chief Mark Rutte met Donald Trump at the White House on 24 June to ease transatlantic tensions before the 7-8 July Ankara summit, where the 5%-of-GDP spending pledge, Ukraine and US commitment to the alliance top the agenda.
Donald Trump has threatened a 100% US tariff on all French wine and champagne unless Paris drops its digital services tax, a move that pulls European exporters and the EU's collective trade defence — Luxembourg included — back into the firing line.
Abelardo de la Espriella, a hardline lawyer endorsed by Donald Trump, won Colombia's 21 June runoff over progressive senator Iván Cepeda by under one percentage point, ending the leftist Petro era and pulling one of Latin America's largest democracies sharply to the right.
At his first meeting as Federal Reserve chair, Kevin Warsh held US rates at 3.5%-3.75% and resisted President Trump's demand for cuts — a decision felt acutely in Luxembourg, the world's second-largest fund centre.
As Donald Trump hails a 14-point agreement to end the war with Iran, Luxembourg's foreign minister Xavier Bettel offered a four-word caveat - 'It's a long time till Friday' - that captured Europe's wary mood. EU institutions welcomed the deal while tying sanctions relief to verified changes in Tehran's behaviour, and the bargain's hardest questions on uranium and verification remain deferred.