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.
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The U.S. military has said it carried out defensive strikes in southern Iran after boats were seen laying mines in the Strait of Hormuz. Meanwhile, U.S. Secretary of State Marco Rubio said peace talks could drag out for several more days while the language of a deal is finalised.
Seven people have died in France in incidents linked directly or indirectly to an ongoing early-summer heatwave, as large parts of western Europe continue to experience unusually high temperatures.
Thai-based cave divers have joined international efforts to rescue seven villagers trapped in a flooded gold mining cave in remote Laos after days of heavy rain cut off access underground.
Emergency teams rescued 320 tourists stranded in 65 cable cars in Kashmir after a gondola disruption triggered a six-hour evacuation operation.
The inaugural Enhanced Games began in Las Vegas on Sunday (24 May), launching one of the most controversial experiments in modern sport, in which athletes openly compete using performance-enhancing drugs banned under traditional anti-doping rules.
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 25th May, covering the latest developments you need to know.
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As dawn broke on Monday, pilgrims began arriving at the sacred site of Mina west of Mecca, marking the start of Hajj - one of the most significant spiritual journeys in Islam.
At least four people have been killed, including two teenagers, after a train crashed into a school bus on Tuesday morning in the northern Belgian town of Buggenhout, Belgian's Transport Minister Jean-Luc Crucke has said.
Seven people have died in France in incidents linked directly or indirectly to an ongoing early-summer heatwave, as large parts of western Europe continue to experience unusually high temperatures.
Thai-based cave divers have joined international efforts to rescue seven villagers trapped in a flooded gold mining cave in remote Laos after days of heavy rain cut off access underground.
Emergency teams rescued 320 tourists stranded in 65 cable cars in Kashmir after a gondola disruption triggered a six-hour evacuation operation.
Muslim pilgrims are gathering gathering at Mount Mercy on the Plain of Arafat in Saudi Arabia to mark the Hajj pilgrimage’s most important day.
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