live Iran-U.S. peace deal to be signed within 24 hours, Pakistan's Prime Minister says
The final text of a peace agrement has been agreed by the U.S. and Iran, with the signing of the deal expected to take place electronically within 2...
The European Union is pressing Washington to roll back punitive tariffs on its exports and to promise no new duties, a senior law-maker said on Wednesday, as negotiators race to finalise a framework accord by 1 August.
The head of the European Parliament’s trade committee, German Social Democrat Bernd Lange, told reporters he saw “a corridor for some understanding” on levies that currently slap 50 % duties on EU steel, 25 % on cars and a blanket 10 % on most other goods bound for the United States.
Brussels wants the reductions to take effect as soon as a framework agreement is struck, rather than weeks later, and is demanding a “stand-still clause” that would bar any fresh U.S. measures while the full pact is drafted.
“So far there is no clear commitment from the U.S. side,” Mr Lange said.
The tariffs, revived and expanded by President Donald Trump earlier this year, threaten sectors worth tens of billions of dollars to the bloc. EU carmakers exported vehicles worth €38.9 billion (about $45.5 billion) to the United States in 2024, according to industry body ACEA. Steel lobby Eurofer warns that the 50 % duty endangers more than 3.8 million tonnes of annual EU shipments.
Commission officials, negotiating on behalf of the 27-nation bloc, say talks are “intensive” but give no timetable for a breakthrough. Diplomats note that Brussels is also weighing whether to keep its own retaliatory measures in reserve.
U.S. trade representatives have not commented publicly on the EU’s twin demands. Washington is preparing separate sector-specific levies of 50% on imported copper and new duties on semiconductors and pharmaceuticals, moves EU officials argue would undermine any deal unless frozen.
Analysts warn that failure to secure early relief could spur European producers to divert investment outside the bloc.
“Uncertainty over tariffs is already holding up decisions on new low-carbon steel plants,” said one executive at a major EU mill.
Parliament must sign off on any final accord, giving Mr Lange’s committee leverage.
“Industry needs clarity more than anything,” he said. “A quick win on tariff relief would send a strong signal that transatlantic trade can still work in a rules-based way.”
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
Italian Prime Minister Giorgia Meloni and Polish Prime Minister Donald Tusk have criticised Britain, France and Germany for leaving them out of talks with Russia about a potential future peace deal for Ukraine.
Every June, roughly 13 million young people in China sit down at the same time to take the same test. They have been preparing for it, in many cases, since primary school. Their families have rearranged their lives around it.
European museums are increasingly returning cultural artefacts to countries in Africa and the Middle East, as pressure grows to address the legacy of colonialism and disputed ownership.
Uganda’s health ministry has raised concerns over what it described as unfair travel restrictions imposed during the current Ebola outbreak, warning that such measures risk undermining transparent reporting. .
Georgia is overhauling its migration laws in one of the most significant legal reforms in years, introducing criminal penalties for fake marriages, tighter controls on foreign students and expanded investigative powers for the migration authorities.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 13 June, covering the latest developments you need to know.
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