live Qatar shoots down Iranian jets: All the latest news on the Iran strikes
The Middle East crisis intensifies after the deadly attack on Iran's Supreme Leader Ali Khamenei's compound on Saturday that killed him, ot...
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.”
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
The Middle East crisis intensifies after the deadly attack on Iran's Supreme Leader Ali Khamenei's compound on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
The UK said it's allowing the U.S. to use its bases for defensive strikes against Iran amid escalating missile attacks, after a suspected drone strike hit a British airbase in southern Cyprus, causing limited damage.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
European Union stands with its member states in the face of any threat, EU Commission President Ursula von der Leyen said in response to the drone strike that hit Britain's Royal Air Force base of Akrotiri in southern Cyprus overnight.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 27th of February, covering the latest developments you need to know.
Protests broke out in Pakistan and Iraq on Sunday after Iranian state media confirmed that Supreme Leader Ayatollah Ali Khamenei had been killed in joint U.S.–Israeli strikes. At least nine people were reported dead in clashes near the U.S. consulate in Karachi.
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