In response to US President Donald Trump’s imposition of tariffs on steel and aluminium, the European Commission has proposed counter-tariffs of 25% on a variety of US goods, a document seen by Reuters revealed on Monday.
The tariffs, targeting goods such as diamonds, eggs, dental floss, sausages, and poultry, will come into effect in two phases, with some tariffs starting on May 16 and others, including those on almonds and soybeans, scheduled for December 1.
EU trade chief Maros Sefcovic emphasized that the counter-tariffs would have less of an impact than the previously proposed 26 billion euros ($28.45 billion) worth of measures. Notably, items like bourbon, wine, and dairy products were removed from the final list. The initial proposal had included a 50% tariff on bourbon, which prompted a warning from Trump of a 200% counter-tariff on EU alcoholic beverages. This threat had raised concerns in France and Italy, particularly due to the significance of their wine industries.
In addition to these countermeasures, the EU implemented tighter safeguards on steel imports starting April 1, aiming to reduce imports by 15%. The Commission is also considering the introduction of import quotas for aluminium.
The proposal is set to be put to a vote by EU member states on April 9, marking the next step in the ongoing trade dispute between the EU and the US.
The European Union is taking a firm stance in response to the latest tariffs imposed by the United States on EU goods, while keeping the door open for negotiations, according to Maros Sefcovic, European Commissioner for Trade and Economic Security.
The European Commission is challenging Italy's use of "golden powers" in the banking sector, raising concerns over potential breaches of EU law and prompting a broader debate on investment screening rules across the bloc.
Members of the European Parliament (MEPs) adopted a human rights resolution on Belarus, calling for freezing and confiscating the assets and properties owned by President Aleksandr Lukashenko and his inner circle abroad, in order to reallocate them to support victims of repression.
Leaders from Central Asia and the European Union will meet in Samarkand on April 4 for the first-ever EU-Central Asia Summit, aimed at deepening ties. Talks will focus on trade, investment, green energy, and security — marking a new era of cooperation.
The first-ever summit between the European Union (EU) and the five Central Asian nations—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan - began today in Samarkand, Uzbekistan.
The European Union is taking a firm stance in response to the latest tariffs imposed by the United States on EU goods, while keeping the door open for negotiations, according to Maros Sefcovic, European Commissioner for Trade and Economic Security.
U.S. Secretary of State Marco Rubio held discussions with Pakistani Foreign Minister Ishaq Dar on Monday, focusing on a range of key issues including tariffs, trade relations, immigration, and potential cooperation on critical minerals.
China has fired back at the United States, condemning President Donald Trump’s latest tariff ultimatum as “blackmail nature,” according to a statement from the Ministry of Commerce on Tuesday.
South Korea is preparing trade concessions to ease tensions with Washington, as U.S. President Donald Trump’s sweeping tariffs send shockwaves through global supply chains.
A Moscow court has fined Telegram Messenger Inc. 7 million roubles (about $80,000) for failing to delete content deemed extremist, Russian state news agency TASS reported on Tuesday.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
The first-ever summit between the European Union (EU) and the five Central Asian nations—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan - began today in Samarkand, Uzbekistan.
President Trump’s new tariffs hit 185 countries, with Kazakhstan facing the highest rate at 27%. Kazakhstan now seeks talks with U.S. officials to ease the impact.
The U.S. has pressured Lebanon to act against Hezbollah, urging the Lebanese Armed Forces (LAF) to enforce a ceasefire. The LAF, caught between U.S. demands and Hezbollah’s influence, risks losing vital U.S. support if it fails to act.
Canada has requested WTO dispute consultations with the United States regarding President Donald Trump's decision to impose a 25% tariff on cars and car parts from Canada, the World Trade Organization announced on Monday.
Global stock markets experienced a dramatic sell-off on Monday as investors reacted to the latest surge in US tariffs, raising fears of a potential global economic slowdown. European and Asian shares plummeted sharply, while US futures signaled the risk of a bear market, and oil prices also slid.
Chinese battery giant CATL is in talks to acquire a controlling stake in Nio’s power unit, which operates over 3,000 battery swapping stations across China. This deal highlights Nio's efforts to strengthen its position in the competitive EV market and expand its charging infrastructure.
Ongoing uncertainty surrounding US President Donald Trump's tariff strategy has driven Bitcoin's value below the $75,000 mark on Monday.
Wikimedia Foundation has appealed an Indian court ruling that ordered the removal of allegedly defamatory content about ANI. This follows ANI's lawsuit over a Wikipedia description labelling it a "government propaganda tool", highlighting tensions in content regulation.
The European Union is taking a firm stance in response to the latest tariffs imposed by the United States on EU goods, while keeping the door open for negotiations, according to Maros Sefcovic, European Commissioner for Trade and Economic Security.
U.S. Secretary of State Marco Rubio held discussions with Pakistani Foreign Minister Ishaq Dar on Monday, focusing on a range of key issues including tariffs, trade relations, immigration, and potential cooperation on critical minerals.
China has fired back at the United States, condemning President Donald Trump’s latest tariff ultimatum as “blackmail nature,” according to a statement from the Ministry of Commerce on Tuesday.
South Korea is preparing trade concessions to ease tensions with Washington, as U.S. President Donald Trump’s sweeping tariffs send shockwaves through global supply chains.
A Moscow court has fined Telegram Messenger Inc. 7 million roubles (about $80,000) for failing to delete content deemed extremist, Russian state news agency TASS reported on Tuesday.
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