As trade tensions mount, U.S. President Donald Trump cast doubt on a potential deal with the European Union, despite Brussels signaling readiness to compromise.
U.S. President Donald Trump on Friday said there was only a "50-50 chance, maybe less" of reaching a trade agreement with the European Union, though he emphasized that Brussels was eager to make a deal.
Speaking to reporters before leaving the White House for a trip to Scotland, Trump said the EU was "working very diligently" and expressed cautious optimism: "I think the EU has a pretty good chance of making a deal right now."
The European Commission echoed a similar sentiment Thursday, stating that a negotiated solution with the U.S. was within reach. However, it also approved counter-tariffs on $109 billion worth of U.S. goods should talks fail. The EU hopes to avert the 30% import tariffs Trump has threatened to impose by 1 August.
Trump noted that the EU would need to “buy down” the proposed tariff rate but did not provide specifics.
While EU diplomats hinted at a possible framework involving a 15% baseline tariff on goods and a 50% tariff on European steel and aluminum, the White House downplayed such discussions as "speculation."
Unlike Japan, which committed to U.S. investments as part of its trade deal, the EU is not expected to make similar pledges.
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During President Ilham Aliyev’s visit to Washington, officials from Azerbaijan and the United States discussed expanding economic collaboration and boosting strategic innovation partnerships.
Belarusian President Alexander Lukashenko stated in an interview published on Friday that he has no intention of seeking another term in office and dismissed claims that he is preparing his son to take over leadership.
Drone attacks continue to haunt communities around Kyiv. Overnight, Russian forces launched another wave of drones at the Kyiv region, hitting the Bucha district. Fires broke out and several homes were damaged. Local authorities say three women, aged 16, 56, and 80, were injured.
The residents of Pingtou, a small village in China's southern Guangdong province, are grappling with the worst floods in living memory. While the region is accustomed to typhoons and seasonal downpours, this week’s flooding has shocked even the oldest villagers.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Belarusian President Alexander Lukashenko stated in an interview published on Friday that he has no intention of seeking another term in office and dismissed claims that he is preparing his son to take over leadership.
China’s President Xi Jinping told Russian leader Vladimir Putin that Beijing will continue promoting peace talks on Ukraine, regardless of how the situation unfolds.
Drone attacks continue to haunt communities around Kyiv. Overnight, Russian forces launched another wave of drones at the Kyiv region, hitting the Bucha district. Fires broke out and several homes were damaged. Local authorities say three women, aged 16, 56, and 80, were injured.
Polish Prime Minister Donald Tusk said on Friday that a pause in the conflict in Ukraine may be approaching, following a conversation with Ukrainian President Volodymyr Zelenskyy.
Canadian Prime Minister Mark Carney is working urgently to mend strained ties with Mexico, after relations collapsed late last year when Canadian officials indicated a preference for pursuing a U.S. trade deal without Mexico.
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