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.
A 37-year-old U.S. citizen was shot dead by a federal immigration agent in Minneapolis on Wednesday (7 January) during an ICE operation, sparking prot...
Power has been fully restored to a neighbourhood in Berlin after an arson attack triggered a blackout that lasted more than four days - the second suc...
Experts say COP30 failed to deliver concrete commitments on fossil fuels and deforestation despite high expectations....
The leader of Yemen’s southern separatists failed to travel to Riyadh for crisis talks on Wednesday, leaving his fate unclear and complicating effor...
Ukrainian President Volodymyr Zelenskyy has called on the United States to target Ramzan Kadyrov, the leader of Russia’s Chechnya region, with an op...
A 37-year-old U.S. citizen was shot dead by a federal immigration agent in Minneapolis on Wednesday (7 January) during an ICE operation, sparking protests and an investigation.
Power has been fully restored to a neighbourhood in Berlin after an arson attack triggered a blackout that lasted more than four days - the second such incident in the city since September.
Experts say COP30 failed to deliver concrete commitments on fossil fuels and deforestation despite high expectations.
The leader of Yemen’s southern separatists failed to travel to Riyadh for crisis talks on Wednesday, leaving his fate unclear and complicating efforts to contain a military escalation that has widened a rift between Saudi Arabia and the United Arab Emirates.
Open-source intelligence (OSINT) sources reported a significant movement of U.S. military aircraft towards the Middle East in recent hours. Dozens of U.S. Air Force aerial refuelling tankers and heavy transport aircraft were observed heading eastwards, presumably to staging points in the region.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
Two people have been killed after a private helicopter crashed at a recreation centre in Russia’s Perm region, Russian authorities and local media have said.
Iran’s chief justice has warned protesters there will be “no leniency for those who help the enemy against the Islamic Republic”, as rights groups reported a rising death toll during what observers describe as the country’s biggest wave of unrest in three years.
"Change is coming to Iran" according to U.S. Senator Lindsey Graham during an interview with Fox News on Tuesday (6 January). He warned Iran that "if you keep killing your people for wanting a better life, Donald Trump is going to kill you."
A 37-year-old U.S. citizen was shot dead by a federal immigration agent in Minneapolis on Wednesday (7 January) during an ICE operation, sparking protests and an investigation.
Power has been fully restored to a neighbourhood in Berlin after an arson attack triggered a blackout that lasted more than four days - the second such incident in the city since September.
Ukrainian President Volodymyr Zelenskyy has called on the United States to target Ramzan Kadyrov, the leader of Russia’s Chechnya region, with an operation similar to the recent U.S. action that captured Venezuelan President Nicolás Maduro.
U.S. President Donald Trump said he will stop defence contractors from paying dividends or buying back shares until weapons production speeds up, criticising the industry for delays and high costs.
U.S. Secretary of State Marco Rubio said he will meet Danish leaders next week, signalling that Washington is not retreating from President Donald Trump’s stated goal of acquiring Greenland, despite mounting concern among European allies.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment