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.
Texas House Republicans on Monday issued civil arrest warrants for more than 50 Democratic representatives who slipped across state lines to deny the ...
Türkiye is conducting its fifth national scientific expedition to the Arctic, leading 19 research projects focused on climate, marine ecosystems, and...
Rwanda has signed a June accord to accept as many as 250 people deported from the United States, officials in Kigali said on Tuesday, marking Washingt...
What happens when language becomes a weapon? When cinema turns into a battlefield? A new AnewZ documentary investigates how Russia’s propaganda mach...
A zoo in Denmark has drawn public attention after announcing that it accepts donations of small domestic animals — including rabbits, guinea pigs, a...
The European Commission has said it does not view imposing network fees on major technology firms as a practical solution to the ongoing debate over funding the expansion of 5G and broadband infrastructure across the bloc.
The U.S. State Department has intensified its months-long campaign against the European Union’s Digital Services Act (DSA), drawing sharp reactions from European officials just days before a crucial trade deadline between the two sides.
Meta has announced it will halt political, electoral, and social issue ads in the European Union from October due to the region's new Transparency and Targeting of Political Advertising regulation (TTPA).
Germany is preparing multi-billion-euro defence purchases including jets and thousands of armoured vehicles, aiming to create Europe’s most powerful army amid concerns over U.S. reliability.
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.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
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.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
OPEC+ will increase oil production by 547,000 barrels per day in September after eight members of the organisation held a brief virtual meeting on Sunday. They said the company will continue to accelerate its output hikes to regain market share.
McDonald's plans to significantly expand its investments in artificial intelligence by 2027, with India expected to play a central role in data governance, engineering, and platform development, a senior executive said on Friday.
U.S. President Donald Trump has sharply criticised Federal Reserve Chair Jerome Powell following the central bank’s decision to keep interest rates unchanged.
Microsoft’s market capitalization surpassed $4 trillion in after-hours trading on Wednesday following a stronger-than-expected earnings report for its fiscal fourth quarter, driven by robust growth in its cloud business.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment