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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The European Parliament’s trade chief has urged a temporary suspension of the EU–U.S. trade agreement approval, citing “tariff chaos” following President Donald Trump’s new 15% tariffs and a U.S. Supreme Court ruling invalidating his previous global tariff programme.
Further Iran-U.S. nuclear talks are scheduled in Geneva on Thursday (26 February) as diplomacy resumes over Tehran’s nuclear programme following earlier mediation efforts. But will the talks move Iran-U.S. negotiations closer to a deal, and what should be expected from the meeting?
China says it's making a "full assessment" of the U.S. Supreme Court's tariff ruling and urged Washington to lift "relevant unilateral tariff measures" on its trading partners, the Chinese commerce ministry said in a statement on Monday (23 February).
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 23rd of February, covering the latest developments you need to know.
A seven-month-old Japanese macaque has drawn international attention after forming an unusual bond with a stuffed orangutan toy after being rejected by its mother.
Divers have recovered the bodies of seven Chinese tourists and a Russian driver after their minibus broke through the ice of on Lake Baikal in Russia, authorities said.
President Donald Trump said on Saturday (21 February) that he will raise temporary tariffs on nearly all U.S. imports from 10% to 15%, the maximum allowed under the law, after the Supreme Court struck down his previous tariff program.
Pakistan said it carried out cross-border strikes on militant targets inside Afghanistan after blaming a series of recent suicide bombings, including attacks during the holy month of Ramadan, on fighters it said were operating from Afghan territory.
Iran announced on Saturday (21 February) that it has designated the naval and air forces of European Union member states as “terrorist entities” in a reciprocal move after the EU blacklisted the Islamic Revolutionary Guard Corps (IRGC).
Further Iran-U.S. nuclear talks are scheduled in Geneva on Thursday (26 February) as diplomacy resumes over Tehran’s nuclear programme following earlier mediation efforts. But will the talks move Iran-U.S. negotiations closer to a deal, and what should be expected from the meeting?
China says it's making a "full assessment" of the U.S. Supreme Court's tariff ruling and urged Washington to lift "relevant unilateral tariff measures" on its trading partners, the Chinese commerce ministry said in a statement on Monday (23 February).
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 23rd of February, covering the latest developments you need to know.
A “Victory will be ours” banner was hung on the Russian Embassy in Seoul, ahead of the fourth anniversary of Russia’s full-scale invasion of Ukraine. It remains on display despite a request from the South Korean Foreign Ministry on Sunday (22 February) for its removal, sparking widespread criticism.
North Korea’s Workers' Party of Korea has re-elected Kim Jong Un as general secretary during the party congress in Pyongyang state media reported.
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