The European Union (EU) is preparing to impose additional retaliatory tariffs on goods imported from the United States amid an ongoing customs dispute. The measures, covering products worth €72 billion, are set to take effect if talks with Washington fail to yield a resolution.
European Commissioner for Trade, Maroš Šefčovič, said that the updated list of industrial and agricultural products came after public consultations.
Initially, the tariffs targeted imports valued at €95 billion, but this figure has since been reduced to €72 billion. However, Šefčovič did not specify which products were removed from the list.
Expressing disappointment over U.S. President Donald Trump’s recent announcement on new customs duties which would take effect from 1 August, Šefčovič said, “We had been working for weeks on a comprehensive agreement and were very close to reaching it. This announcement introduces a completely different dynamic to the situation.”
He warned that the President’s plans would deal a severe blow to Transatlantic trade, emphasising the EU’s readiness to respond appropriately.
However, President Trump says he's open to negotiate with the EU.
"They would like to do a different kind of a deal and we're always open to talk. We are open to talk, including to Europe. In fact, they're coming over, they'd like to talk.”
Trump stepped up his trade war on Saturday (12 July) , saying he would impose a 30% tariff on most imports from the EU and Mexico from next month, adding to similar warnings for other countries including Asian economic powerhouses Japan and South Korea.
For Pakistan, helping create space for dialogue between the U.S. and Iran was never solely about diplomacy. It was about avoiding the economic and sec...
Iran's ambassador to the United Nations in Geneva said talks between the United States and Iran had made "good progress", with both sides set to estab...
The visit also took on symbolic importance as the two leaders travelled to the liberated cities of Shusha and Fuzuli, areas Azerbaijan regained after ...
South Korea has announced it will accept North Korean prisoners of war captured by Ukrainian forces while fighting for Russia if they wish to relocate...
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited...
Iran's ambassador to the United Nations in Geneva said talks between the United States and Iran had made "good progress", with both sides set to establish working groups in the coming days to discuss sanctions relief and issues related to Iran's nuclear programme.
The visit also took on symbolic importance as the two leaders travelled to the liberated cities of Shusha and Fuzuli, areas Azerbaijan regained after decades of occupation.
South Korea has announced it will accept North Korean prisoners of war captured by Ukrainian forces while fighting for Russia if they wish to relocate to the South, citing international law and opposition to forced repatriation.
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
At least thirteen people have died and sixty-six have been injured following an explosion at Qatar's main liquefied natural gas (LNG) processing hub at Ras Laffan, authorities said on Sunday.
Cape Verde’s remarkable FIFA World Cup debut continued on Sunday (21 June) as the tournament newcomers held Uruguay to a 2-2 draw. Goalkeeper Vozinha was once again at the centre of the story, this time with his mother watching from the stands.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
Armenia and Azerbaijan have agreed on a landmark internet deal that will allow traffic to pass through Azerbaijani networks.It's the latest deal to highlight the ongoing peace process between the two countries.
Three students have been killed and at least seven injured after two of their peers opened fire in a high school in the Philippines, police said. A spokesperson for the police said the two suspects, aged 14 and 15, had been arrested and a police pistol confiscated. Bullying is a possible motive.
South Korea has announced it will accept North Korean prisoners of war captured by Ukrainian forces while fighting for Russia if they wish to relocate to the South, citing international law and opposition to forced repatriation.
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
Authorities in France are reporting that about 20 people have died over the weekend while swimming in unsupervised areas of rivers, lakes and coastal waters as they tried to escape the heatwave.
A shooting in Montreal, Canada has left three people dead, including a police officer, a civilian and the suspected attacker, police said.
Attendees at undeclared free parties in France could face on-the-spot fines of €1,500 ($1,713) or up to six months in prison under proposed new legislation currently being reviewed by the French National Assembly.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment