A senior German lawmaker voiced hope on Sunday that the EU and U.S. can reach a partial agreement and delay planned tariff hikes, as President Donald Trump threatens to raise duties on EU imports to 30% by August 1.
Juergen Hardt, deputy leader of Germany’s CDU/CSU parliamentary bloc, told Reuters the tariff standoff is entering a decisive phase. “I’m betting that at least a partial agreement and a further postponement will be reached before August 1,” he said, warning that steep tariffs would raise prices and inflation in the U.S.
Trump initially imposed a 20% duty on EU goods in April, later suspending it in favour of a 90-day negotiation period. That truce expires on August 1, after which tariffs on EU and Mexican goods could jump to 30%.
Hardt argued that the U.S. trade deficit is not caused by EU protectionism but is offset by America’s global dominance in services, especially IT. “Fewer imports mean the USA would have to work more and harder to maintain its prosperity,” he said, adding that it remains unclear if that is what Americans really want.
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Factory output in China grew 5.7% year-on-year in July, down from 6.8% in June and the slowest pace in eight months, according to data from the National Bureau of Statistics (NBS) published on Friday.
Fires in Spain’s northwestern Zamora province forced residents to prepare for evacuation from their homes on Thursday as the country endured one of its most destructive wildfire seasons in 20 years, fuelled by extreme heat and suspected arson.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 15th of August, covering the latest developments you need to know.
Japan has commemorated 80 years since its surrender in World War II with a Tokyo memorial attended by Emperor Naruhito, as Prime Minister Shigeru Ishiba pledged the nation would never again go to war.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
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Fires in Spain’s northwestern Zamora province forced residents to prepare for evacuation from their homes on Thursday as the country endured one of its most destructive wildfire seasons in 20 years, fuelled by extreme heat and suspected arson.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 15th of August, covering the latest developments you need to know.
The weirdest and most ugliest products sold online in China can be seen in a new exhibition in Hangzhou.
Japan has commemorated 80 years since its surrender in World War II with a Tokyo memorial attended by Emperor Naruhito, as Prime Minister Shigeru Ishiba pledged the nation would never again go to war.
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