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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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Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
Multiple people were shot on Saturday at Brown University in Providence, Rhode Island, prompting an active shooter alert and a campus lockdown, city officials said.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
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