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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The South Caucasus—comprising Armenia, Azerbaijan, and Georgia—has long been a geopolitical crossroads where regional and global powers intersect.
China has accused foreign intelligence agencies of smuggling rare earth metals out of the country by manipulating shipping logistics and recruiting insiders, according to a statement from the Ministry of State Security.
An explosion at a Los Angeles County Sheriff's Department training facility has reportedly claimed the lives of three deputies, according to local media reports on Friday. However, officials have not yet confirmed any casualties.
Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan held a phone call on Friday to discuss regional developments, with particular focus on the ongoing conflicts in Ukraine and Syria, according to a statement released by the Kremlin press service.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
U.S. markets closed mostly flat Friday, capping a third winning week out of four.
U.S. President Donald Trump signed the GENIUS Act into law on Friday, creating the first U.S. regulatory framework for dollar-backed stablecoins and marking a major win for the crypto industry.
Oil prices edged higher on Friday, heading for a small weekly loss, as investors weighed new European Union sanctions against Russia.
As some top global banks scale back climate efforts, India is moving forward with mandatory rules for lenders to report and manage climate-related financial risks.
The Indian rupee is expected to open stronger on Friday, supported by gains in other Asian currencies and a temporary pause in the U.S. dollar index’s upward trend.
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