The EU is preparing countermeasures after Trump’s sweeping tariffs, set to impose a 10% minimum duty on imports and 20% on EU goods. European leaders warn of economic fallout as trade ministers plan next steps, with talks critical to avoiding a trade war.
The European Union is gearing up for retaliatory measures following U.S. President Donald Trump’s sweeping new tariffs, which impose a 10% minimum duty on most imports and a higher 20% rate on EU goods. European Commission President Ursula von der Leyen called the move a major blow to the global economy and confirmed that the EU is finalising a response.
A first package of tariffs on $28.4 billion worth of U.S. goods is set for mid-April, targeting the earlier U.S. steel and aluminium tariffs. Further measures are under consideration if negotiations fail, with EU trade ministers meeting in Luxembourg on Monday to discuss next steps.
The EU is exploring options beyond tariffs, including limiting U.S. firms’ access to public procurement and service markets. Experts warn that an escalating trade war could significantly impact EU exports, particularly in the automotive and technology sectors.
French President Emmanuel Macron is set to meet industry leaders to address the impact of the tariffs, while Italian Prime Minister Giorgia Meloni has called for diplomatic solutions. With global markets on edge, the coming weeks will be critical in determining the outcome of this transatlantic trade standoff.
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Both the United States and Iran are giving conflicting messages about trying to end the conflict in the Middle East as the rest of the world battle with the consequences of the war. Welcome to AnewZ's coverage of the tensions in the Middle East.
Conflicting messages emerged from Iran about its response to a U.S. peace offer reportedly delivered to it by Pakistan on Wednesday (25 March). Meanwhile, Tehran's government unveiled its own counterproposal to end the conflict.
France will not take part in military operations to open the Strait of Hormuz by force, but is prepared to help secure key maritime routes, Prime Minister Sébastien Lecornu told lawmakers amid escalating tensions in the Middle East.
Iran has rejected a U.S. proposal to end the war, insisting any ceasefire will occur only on its own terms and timeline, according to a senior political-security official speaking to state-run Press TV on Wednesday.
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Minister offered to host peace talks between the two countries to bring about an end to the conflict.
Both the United States and Iran are giving conflicting messages about trying to end the conflict in the Middle East as the rest of the world battle with the consequences of the war. Welcome to AnewZ's coverage of the tensions in the Middle East.
Afghan authorities say Pakistani jets entered northern Afghanistan, while Pakistan insists its actions target terrorism, highlighting continued strain after a temporary Eid ceasefire ended.
Danish Prime Minister Mette Frederiksen resigned on Wednesday after her coalition suffered a heavy election defeat, triggering negotiations over who will form the next government.
Iran launched multiple waves of missiles at Israel, the Israeli military said, after U.S. President Donald Trump postponed a threat to bomb the Islamic Republic's power grid because of what he described as productive talks with Iranian officials.
Meta Platforms is increasing compensation for top executives, including its first-ever offer of stock options, as it tries to fend off competition in the artificial intelligence (AI) race and incentivize leaders to stay with the company for several years.
The French government’s bid to suspend the marketplace of Chinese online retailer Shein in the country has been overruled by a Paris Court of Appeal.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
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