European Commission President Ursula von der Leyen announced on Sunday that the EU will extend its pause on retaliatory measures against U.S. tariffs until early August, in an effort to reach a negotiated trade agreement with the United States.
The move comes after U.S. President Donald Trump escalated trade tensions by threatening to impose a 30% tariff on EU imports starting August 1, in addition to existing sector-specific duties, despite months of talks.
Von der Leyen said the EU is continuing to prepare additional countermeasures to ensure readiness, should talks fail. The initial package of retaliatory tariffs, worth €21 billion ($24.6 billion) and aimed at U.S. steel and aluminium imports, was suspended in April for 90 days and had been set to expire on Monday.
A second set of measures, under development since May, targets €72 billion in U.S. goods. While the list has not been made public, it still requires approval from EU member states.
Von der Leyen also clarified that the EU’s Anti-Coercion Instrument, which allows for broader economic retaliation against countries applying pressure on EU policies, is not yet being considered. She emphasised that the instrument is reserved for “extraordinary situations,” which the EU has not yet reached.
Potential EU responses could involve limiting U.S. access to the European market, imposing restrictions on foreign investment, financial services, export controls, and other economic measures.
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Pakistan has indicated its openness to forming a regional bloc with Bangladesh without including India. The statement from Islamabad follows comments by Bangladesh’s top foreign affairs adviser, Md Touhid Hossain, that such an arrangement is strategically possible without India.
The global centre of political gravity is increasingly moving from the Atlantic to the Pacific, a development with significant implications for the South Caucasus and Central Asia.
Turkish President Recep Tayyip Erdoğan will visit Turkmenistan on 11–12 December to attend the International Peace and Security Forum in Ashgabat.
The South Caucasus is witnessing a notable recalibration of geopolitical alignments, with Azerbaijan and Armenia both pursuing strategic partnerships with global powers, including the United States and China.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
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At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Iran's President Massoud Pezeshkian has begun a two day visit to Kazakhstan, with officials from both sides describing the trip as an opportunity to advance cooperation in trade, transport, industry, mining and cultural exchanges.
The White House has confirmed that U.S. President Donald Trump intends to maintain both a “good working relationship” with China and a “very strong alliance” with Japan, even as tensions between the two countries continue to rise.
Pakistan has indicated its openness to forming a regional bloc with Bangladesh without including India. The statement from Islamabad follows comments by Bangladesh’s top foreign affairs adviser, Md Touhid Hossain, that such an arrangement is strategically possible without India.
President Javier Milei has introduced a new labour reform proposal to Argentina’s Congress, aiming to address what his administration describes as a "rigid structure" that has hindered job creation in the country.
Torrential rain swept across the Gaza, flooding hundreds of tents and homes sheltering families displaced by years of conflict, raising concerns that the fragile truce may be cracking as authorities struggle to manage the growing humanitarian crisis.
In a significant shift in its foreign policy, China has unveiled a new policy paper promising no-strings-attached development support to Latin America and the Caribbean, signalling a major upgrade in its engagement with the region.
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