China confirmed on Monday that it will host a high-level summit with the European Union in Beijing this week to mark 50 years of diplomatic relations. The summit aims to address ongoing trade disputes amid global trade uncertainties.
European Commission President Ursula von der Leyen announced on Sunday that the EU will extend its pause on retaliatory measures against U.S. tariffs until early August, in an effort to reach a negotiated trade agreement with the United States.
The European Union plans closer cooperation with Pacific Rim nations under the CPTPP to advance global trade rules, but insists it is not seeking to replace the World Trade Organization.
European Union leaders renewed economic sanctions on Russia for another six months on Thursday and reviewed the latest U.S. trade proposals during a summit in Brussels.
French President Emmanuel Macron said U.S. President Donald Trump and European Commission President Ursula von der Leyen had a positive and constructive conversation about trade.
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