EU ministers pledged on Monday to accelerate trade negotiations with Washington as President Trump’s looming 30% tariffs threaten to upend transatlantic commerce.
European Union ministers have agreed to prioritise negotiations with the United States to prevent sweeping 30% import tariffs announced by President Donald Trump, warning that such measures would have devastating consequences for EU-U.S. trade.
European Trade Commissioner Maros Sefcovic described the new tariff threat as a serious turning point in negotiations. “A 30% tariff rate would make it almost impossible to continue trading as before,” he said ahead of a ministerial meeting in Brussels. “We must do everything we can to avoid this super-negative scenario.”
While Trump has set August 1 as the deadline for imposing the tariffs, EU diplomats believe there is still time to reach a deal. The European Commission has proposed suspending its first package of counter-tariffs worth €21 billion and is considering a second package targeting €72 billion in U.S. goods.
However, officials remain divided on the bloc’s response. Danish Foreign Minister Lars Lokke Rasmussen urged unity but stressed the EU must be ready for all outcomes: “If you want peace, you have to prepare for war.”
France has taken a tougher stance, with Trade Minister Laurent Saint-Martin calling for broader retaliation. He urged the EU to consider targeting U.S. services or invoking its "anti-coercion" tool, designed to counter external economic pressure.
Despite signs that U.S. negotiators remain open to compromise, Sefcovic warned the EU must brace for “all possible scenarios,” signalling turbulent weeks ahead for transatlantic trade.
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European Commission Vice President Teresa Ribera called on China and the EU to reaffirm their full commitment to the Paris Agreement during climate talks in Beijing.
China’s overseas shipments grew 5.8 % in June as manufacturers hurried to clear orders before a 12 August deadline that could see steep U.S. duties return, customs figures released on Monday show.
A Moscow court has ruled that the assets of U.S.-owned canned food company Glavprodukt be handed over to the Russian state, the TASS news agency reported late on Friday, ending a months-long legal tussle over the company.
President of Turkmenistan has issued a decree abolishing the Agency of Transport and Communications under the Cabinet of Ministers and establishing five new state bodies aimed at 'significantly' improving the management of the country’s transport and communications sector.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
The Financial Stability Board (FSB), the G20’s financial regulator, has paused further climate policy work as the United States distances itself from key initiatives.
Slovak Prime Minister Robert Fico says Bratislava will only back the EU’s 18th sanctions package on Russia if it secures guarantees for future gas supplies, citing national energy interests.
European Commission Vice President Teresa Ribera called on China and the EU to reaffirm their full commitment to the Paris Agreement during climate talks in Beijing.
China’s overseas shipments grew 5.8 % in June as manufacturers hurried to clear orders before a 12 August deadline that could see steep U.S. duties return, customs figures released on Monday show.
Oil prices hit a three-week high on Monday as rising Chinese imports and expectations of fresh U.S. sanctions on Russia buoyed market sentiment.
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