U.S. President Trump and European Union’s von der Leyen moved closer to a trade deal Sunday that may impose a 15% tariff on most EU goods, averting steeper U.S. levies.
European Commission President Ursula von der Leyen met with U.S. President Donald Trump on Sunday in Scotland, aiming to finalize a high-stakes trade deal that could see a broad 15% tariff imposed on most EU goods entering the U.S.
The negotiations held at Trump’s Turnberry golf resort come as both sides try to avert the imposition of steep new tariffs, particularly a threatened 30% U.S. tariff on EU products set to take effect 1 August. U.S. and EU negotiators were locked in last-minute talks on key sectors including automobiles, steel, aluminium, and pharmaceuticals.
President Trump, speaking ahead of the talks, called the current trade arrangement “very unfair to the United States,” while von der Leyen admitted there was a need for “rebalancing,” acknowledging the EU's trade surplus with the U.S.
U.S. Commerce Secretary Howard Lutnick warned that unless the EU opened its markets further to American exports, Trump may go ahead with the 30% tariff plan. EU diplomats say counter-tariffs targeting $109 billion in U.S. goods are ready if talks fail.
According to EU officials, the deal under discussion includes a uniform 15% tariff similar to the U.S.-Japan agreement along with a 50% tariff on steel and aluminium, potentially offset by export quotas. The auto sector may also see a significant adjustment, with hopes of reducing the current 27.5% tariff to 15%.
Both sides expressed cautious optimism, with a senior U.S. official saying a deal was "within reach," though not yet guaranteed.
South Africa's President Cyril Ramaphosa called on the African National Congress (ANC), his party, to address its poor record on delivering basic serv...
New details have emerged in the investigation of the devastating fire at the Le Constellation bar in the Swiss ski resort of Crans-Montana, which kill...
Demonstrations were held in several major European cities in solidarity with ongoing protests in Iran, as anger mounts over worsening economic conditi...
The number of prisoners freed in Venezuela has increased to 18, human rights organisations reported on Saturday, up from nine on Friday afternoon....
Iran’s security forces have intensified their crackdown on nationwide protests, with the elite Revolutionary Guards warning that safeguarding securi...
Georgia has said it will clarify the circumstances surrounding the U.S. seizure of a Russian‑flagged oil tanker in the North Atlantic and is seeking information on its Georgian crew members.
United Nations Secretary-General Antonio Guterres expressed regret on Thursday over the decision by the Trump administration to withdraw from 31 entities linked to the United Nations.
Iran’s Commander-in-Chief of Army, Major General Amir Hatami has warned against hostile rhetoric from U.S. and Israeli officials. “Iran considers the intensification of the enemies' rhetoric against the Iranian nation as a threat and will not leave its continuation unanswered,” Hatami said.
The White House has said the crew of a Russian‑flagged oil tanker seized in the North Atlantic could face prosecution in the United States.
U.S. President Donald Trump has ruled out ordering a mission to capture Russian President Vladimir Putin, saying he is confident the war in Ukraine can be brought to an end.
New York City parents could soon have access to free childcare for two-year-old children following a joint announcement made by Mayor Zohran Mamdani and Governor Kathy Hochul on Thursday (8 January).
Türkiye has stepped back from mediating between Pakistan and Afghanistan after repeated efforts failed to narrow deep differences between Islamabad and Kabul.
Türkiye is reportedly in discussions to join the defence alliance between Saudi Arabia and Pakistan, a strategic move that could reshape security dynamics in the Middle East and South Asia.
Iran does not seek war with Israel or the United States but is prepared to respond if attacked, Iranian Foreign Minister Abbas Araghchi said on Thursday (8 January ) as economic protests sweep the country and Tehran's crackdown reportedly intensifies.
The Nicaraguan government announced on Saturday that it had freed dozens of inmates from the country’s national penitentiary system, following pressure from the U.S. for the release of more than 60 political prisoners.
South Africa's President Cyril Ramaphosa called on the African National Congress (ANC), his party, to address its poor record on delivering basic services, ahead of upcoming local elections where the ANC is expected to lose support.
New details have emerged in the investigation of the devastating fire at the Le Constellation bar in the Swiss ski resort of Crans-Montana, which killed 40 people on New Year’s Eve. Authorities have revealed that a service door in the basement was locked from the inside.
Demonstrations were held in several major European cities in solidarity with ongoing protests in Iran, as anger mounts over worsening economic conditions and soaring food prices amid a nationwide communications blackout.
The number of prisoners freed in Venezuela has increased to 18, human rights organisations reported on Saturday, up from nine on Friday afternoon.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment