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.
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Armenian Foreign Minister Ararat Mirzoyan announced the successful conclusion of negotiations with the EU on a new Partnership Agenda following the official visit of EU High Representative for Foreign Affairs and Security Policy Kaja Kallas to Yerevan.
The European Union has extended the restrictive measures on Russia for an additional six months, until 31 January 2026, due to the Moscow's ongoing actions destabilizing the situation in Ukraine.
When European Union leaders agreed in April to hold a summit with China in late July, they believed they would enter the talks from a position of strength.
Russia has imposed access restrictions on 15 European media outlets, citing the European Union’s earlier sanctions against Russian media.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The Asian Infrastructure Investment Bank (AIIB) and the Arab Fund have signed a memorandum of understanding to formalize a strategic partnership focused on advancing sustainable infrastructure in shared priority regions.
Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.
More than $2.5 billion in new deals and commitments between the United States and African partners were announced at the 17th summit, underscoring the U.S. commitment to prioritizing trade over aid by engaging Africans as equal partners in investment-driven growth, the State Department announced.
Gold prices edged higher on Monday after slipping to their lowest level in more than a month, supported by a weakening U.S. dollar and easing geopolitical tensions that have tempered safe-haven demand.
The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.
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