live U.S.-Iran peace talks make ‘good progress’, says Tehran’s UN ambassador
Iran's ambassador to the United Nations in Geneva said talks between the United States and Iran had made "good progress", with both sides set to estab...
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.”
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Cape Verde’s remarkable FIFA World Cup debut continued on Sunday (21 June) as the tournament newcomers held Uruguay to a 2-2 draw. Goalkeeper Vozinha was once again at the centre of the story, this time with his mother watching from the stands.
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Armenia and Azerbaijan have agreed on a landmark internet deal that will allow traffic to pass through Azerbaijani networks.It's the latest deal to highlight the ongoing peace process between the two countries.
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South Korea has announced it will accept North Korean prisoners of war captured by Ukrainian forces while fighting for Russia if they wish to relocate to the South, citing international law and opposition to forced repatriation.
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Authorities in France are reporting that about 20 people have died over the weekend while swimming in unsupervised areas of rivers, lakes and coastal waters as they tried to escape the heatwave.
A shooting in Montreal, Canada has left three people dead, including a police officer, a civilian and the suspected attacker, police said.
Attendees at undeclared free parties in France could face on-the-spot fines of €1,500 ($1,713) or up to six months in prison under proposed new legislation currently being reviewed by the French National Assembly.
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