German Chancellor Friedrich Merz called on the European Union to resolve its tariff dispute with the United States swiftly to safeguard critical industries such as cars, steel, and pharmaceuticals.
At a banking event on Thursday, German Chancellor Friedrich Merz stressed the urgency for the EU to reach a tariff agreement with the United States before the 9 July deadline, when U.S. President Donald Trump has threatened to increase tariffs by up to 50%.
Merz warned that such tariffs would severely impact key European sectors, particularly Germany's export-driven industries and noted the growing concerns over the United States’ commitment to Europe and voiced doubts about whether both sides would continue to align in the long term.
He emphasized that Europe must prepare for a potential shift in U.S. policy, stating that the EU needed to act swiftly to avoid prolonged negotiations.
Since taking office, Merz has advocated for Europe to strengthen its own capabilities to respond to external threats without relying on U.S. support. He reiterated that Europe’s determination to defend its interests should be clear, even as doubts about the long-term alignment with the U.S. persist.
EU diplomats have indicated that while Europe seeks immediate tariff relief in key sectors, any trade deal with the U.S. may still contain some level of asymmetry.
The UK Space Agency has launched a new process to tackle the growing threat of space debris, initiating a £75.6 million tender for the country’s fi...
Finland has endorsed the European Union’s proposed 90% cut in greenhouse gas emissions by 2040, calling it a step toward climate neutrality and in l...
The World Health Organization (WHO) has called for a 50% price increase on sugary drinks, alcohol, and tobacco over the next decade, pushing for taxat...
German Chancellor Friedrich Merz called on the European Union to resolve its tariff dispute with the United States swiftly to safeguard critical indus...
The United States has designated Emi Karlon as its new chargé d'affaires in the Republic of Azerbaijan, marking the commencement of her diplomatic mi...
Finland has endorsed the European Union’s proposed 90% cut in greenhouse gas emissions by 2040, calling it a step toward climate neutrality and in line with its national goals, a key milestone on the EU’s path to climate neutrality by 2050.
The World Health Organization (WHO) has called for a 50% price increase on sugary drinks, alcohol, and tobacco over the next decade, pushing for taxation as a means to reduce chronic diseases and raise funds for health systems.
A Russian attack on the city of Poltava in central Ukraine has resulted in two fatalities and damage to a military recruitment centre, according to the Ukrainian military and regional officials.
The European Union has raised Ukraine's electricity export capacity by 38.5%, enabling the country to generate additional revenue to repair energy infrastructure damaged by Russian attacks.
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.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Russia has called off its annual Navy Day parade in St Petersburg this year, citing security concerns, according to local media.
A British Royal Navy F-35 fighter jet that has remained grounded in southern India since mid-June may soon be dismantled and transported back to the UK by military transport, as repair efforts continue to stall, according to a report by India Today.
Finland has endorsed the European Union’s proposed 90% cut in greenhouse gas emissions by 2040, calling it a step toward climate neutrality and in line with its national goals, a key milestone on the EU’s path to climate neutrality by 2050.
The World Health Organization (WHO) has called for a 50% price increase on sugary drinks, alcohol, and tobacco over the next decade, pushing for taxation as a means to reduce chronic diseases and raise funds for health systems.
The United States has designated Emi Karlon as its new chargé d'affaires in the Republic of Azerbaijan, marking the commencement of her diplomatic mission in Baku this week.
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