David McHugh

Stay informed with David McHugh’s coverage and analysis for Fortune.

  • Bernd LangeEconomy

    ‘I guess there will be some amendments’: EU trade negotiator is having second thoughts about deal with Trump

    By David McHugh and The Associated Press
  • Heterosexual couple toasting wineglasses at winery on weekend.Global

    Trump may want you to pay a high tariff for that French wine you enjoy so much. He just left the category blank in his deal sheet with the EU

    By Sam McNeil, David McHugh, and others
  • Ursula von der LeyenEconomy

    Europe’s economy barely grew in the second quarter

    By David McHugh and The Associated Press
  • Milan, Italy – June 22, 2022: Prada and Louis Vuitton brand boutique shop in Milano Gallery Vittorio Emanuele II – shopping mallPolitics

    EU awaits decision today on Trump’s potential punishing tariffs threatening ‘the most important commercial relationship in the world’

    By David McHugh and The Associated Press
  • Christine Lagarde, president of the European Central Bank (ECB), at a news conference during the ECB Forum on Central Banking in Sintra, Portugal, on Monday, June 30, 2025. The global economy’s concussion from five months of Trump’s presidency is likely to feature when some of the world’s leading central bank chiefs discuss monetary policy in public at the ECB forum. Photographer: Goncalo Fonseca/Bloomberg via Getty ImagesEconomy

    European Central Bank head sees more volatile inflation as global uncertainty grows: ‘It’s pretty basic but that’s the reality’

    By David McHugh and The Associated Press
  • A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell on June 13, 2025, in New York City. Oil prices soared and stocks sank Friday after Israel launched strikes on nuclear and military sites in Iran, stoking fears of a full-blown war. (Photo by ANGELA WEISS / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)Finance

    Oil prices jump and Dow plummets 1.8% after Israel’s attack on Iran stokes fears of wider war

    By Stan Choe, David McHugh, and others
  • A person beats a drum with the euro logo crossed out in red on the drumhead during a demonstration against Bulgaria entering the Eurozone in Sofia on May 31, 2025. Bulgaria is expected to get a green light from Brussels in June to adopt the euro — but the prospect is unsettling many citizens. Several recent surveys show nearly half of those questioned saying they are opposed to Bulgaria joining the eurozone. (Photo by Nikolay DOYCHINOV / AFP) (Photo by NIKOLAY DOYCHINOV/AFP via Getty Images)Politics

    Populist backlash and ‘brainwashing’ threaten to derail Bulgaria joining the euro currency

    By David McHugh and The Associated Press
  • European Commission President Ursula von der Leyen arrives for the weekly college of commissioners meeting at EU headquarters in Brussels, Wednesday, May 21, 2025. (AP Photo/Omar Havana)Politics

    EU chief trade negotiator says Europe ‘fully committed’ to meeting July 9 deal deadline after Trump agrees to delay 50% tariff

    By David McHugh and The Associated Press
  • TOPSHOT – Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on April 4, 2025. Markets extended a global selloff on April 4 as countries around the world reeled from US President Donald Trump’s trade war, but the White House insisted the American economy will emerge victorious. Shock waves tore through markets in the United States, Europe and Asia after Trump’s tariff bombshell, as foreign leaders signaled readiness to negotiate but also threatened counter-tariffs. (Photo by TIMOTHY A. CLARY / AFP) (Photo by TIMOTHY A. CLARY/AFP via Getty Images)Finance

    The S&P 500 is flirting with dreaded bear market territory as Trump tariffs drive global market meltdown

    By Stan Choe, Elaine Kurtenbach, and others
  • U.S. President Donald Trump speaks as he signs executive orders in the Oval Office of the White House on March 06, 2025 in Washington, DC.Finance

    Canada and the EU launch billions in new tariffs on American goods from beef to bourbon in retaliation against Trump

    By Lorne Cook, David McHugh, and others
  • US President Donald Trump speaks with European Commission President Ursula von der Leyen prior to their meeting at the World Economic Forum in Davos, on January 21, 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)Finance

    Europe needs help. As France and Germany remain stuck in political paralysis, a power vacuum awaits President Trump

    By David McHugh, Lorne Cook, and others
  • TEL AVIV, ISRAEL – OCTOBER 17: A protester holds a sign during a demonstration calling for an hostages deal on October 17, 2024 in Tel Aviv, Israel. The Hamas leader Yahya Sinwar was reportedly killed in an Israeli strike in Gaza on Thursday. Israel’s Foreign Minister Israel Katz confirmed the news in a message to his global counterparts. Sinwar is widely thought to have organized the deadly attacks in Israel on October 7, 2023, and became leader of Hamas after the assassination of the group’s previous leader, Ismail Haniyeh, in July. (Photo by Amir Levy/Getty Images)Politics

    Israel’s massive war spending could force tough choices between social programs and the military

    By David McHugh and The Associated Press
  • Christine Lagarde, President of the European Central Bank.Finance

    Inflation rears its ugly head in Europe, putting the European Central Bank in a fix—once again

    By David McHugh and The Associated Press
  • Higher interest rates from the European Central Bank have helped bring inflation down from 10.6% in October 2022 to 2.5% in June — but have also held back construction activity and quashed a years-long rally in house prices.Finance

    Germany remains the eurozone’s troubled economic child holding back Europe, while the U.S. dominates

    By David McHugh and The Associated Press
  • BYD Co. Dolphin compact hatchback electric vehiclesRetail

    Europe officially slaps tariffs on Chinese EVs in the biggest EU-China trade war escalation yet

    By David McHugh, Ken Moritsugu, and others