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Trump tariffs: How Germany, France, Spain reacted to 30% rate threat; Macron calls on EU to ‘defend European interests’
In an escalation of the trade war that has angered US allies and rattled investors, President Donald Trump announced the latest tariffs in separate letters to European Commission President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum posted on Truth Social.
European Commission proposes Russian oil price cap 15% below global price
The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price of crude in the previous three months, EU diplomats said. The European Union and Britain have been pushing the Group of Seven nations to lower the cap for the last two months after a fall in oil futures made the current $60 a barrel level largely irrelevant.
30% US tariff on European goods threatens to shake up a key trade relationship
President Donald Trump's announcement of 30% tariffs on the European Union will have repercussions for companies and consumers on both sides of the Atlantic.
'Will continue to work towards an agreement': European Commission President Leyen reacts to Donald Trump's 30 % tariff decision
Trump made the announcement on tariff for both EU and Mexico through two letters shared on social media. The move adds pressure on US allies to renegotiate trade terms before the new rates take effect on August 1.
Exclusive: European Commission to propose floating Russian oil price cap
The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome opposition from some member states, four EU diplomats said.
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European Commission accused of rigging data watchdog appointment
The European Commission has been accused of rigging the selection process for the next European Data Protection supervisor.
European Union Unveils Rules for Powerful A.I. Systems
Makers of the most advanced artificial intelligence systems face obligations for transparency, copyright protection and public safety. The rules are not enforceable until next year.
European leaders announce new equity fund for Ukraine and urge investment even as war accelerates
European leaders are urging private business and equity funds to not be afraid to invest in rebuilding Ukraine now even as Russia accelerates its war.
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Orban takes off the gloves ahead of European Commission President von der Leyen no-confidence vote
Hungarian Prime Minister Viktor Orban was in a feisty mood ahead of a no-confidence vote in European Commission President Ursula von der Leyen slated for July 10. “Tomorrow will be a turbulent day in the European Parliament.
Trump announces tariffs of 30% on Mexico and the European Union
President Donald Trump released two tariff letters on Saturday, imposing duties of 30% on products from Mexico and the European Union.
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