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.
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Hungary votes on Sunday in a parliamentary election that could loosen Viktor Orbán’s 16-year hold on power. His ruling Fidesz faces a strong challenge from Péter Magyar’s Tisza party, which has led some polls, though many voters remain undecided.
Chinese President Xi Jinping has told Taiwan opposition leader Cheng Li-wun that “people on both sides of the Taiwan Strait are Chinese” and that the future of cross-strait ties should be decided by “the Chinese people themselves”.
Israeli Prime Minister Benjamin Netanyahu says he has given an instruction for Israel to begin peace talks with Lebanon that would also include the disarming of Hezbollah.
More than a million Sudanese refugees now face drastic cuts to life-saving aid, including food and water, after major funding shortfalls have left humanitarian agencies struggling to cope.
Israeli Prime Minister Benjamin Netanyahu says he has given an instruction for Israel to begin peace talks with Lebanon that would also include the disarming of Hezbollah.
Iranian Foreign Minister Abbas Araghchi and U.S. Vice President JD Vance have arrived in Islamabad for talks aimed at easing regional tensions, as Pakistan hosts the discussions. Meanwhile, Lebanon and Israel are set to hold rare negotiations in Washington next Tuesday.
Amid fragile calm, António Guterres urged constructive U.S.- Iran talks, while Pope Leo XIV warned violence is spreading. Lebanon's President said an Israeli strike killed 13 security personnel in Nabatieh.
Memorial events were held in Tehran’s main squares on Wednesday (8 April) to mark the 40th day since the killing of former Supreme Leader Ayatollah Ali Khamenei, who died during U.S.-Israeli attacks on 28 February.
Dubai has restricted foreign airlines to one daily flight to its airports until 31 May due to the Iran crisis, raising fears of significant revenue losses for Indian carriers, industry letters show.
Ismail Omar Guelleh has been re-elected for a sixth term with 97.8% of the vote, according to state media, extending his nearly three-decade hold on power in the small but strategically significant East African nation.
Australia and Singapore have agreed to deepen cooperation on energy security as global fuel markets come under strain from disruption linked to the conflict in the Middle East.
Donald Trump’s flagship plan for post-war Gaza has come under scrutiny after reports that its financing is falling short of expectations, claims firmly rejected by the White House-backed Board of Peace.
A charity co-founded by Prince Harry in honour of his late mother, Princess Diana, is suing him for libel at the High Court in London, according to a court record published on Friday (10 April).
The European Union and Washington are nearing an agreement to coordinate the production and security of critical minerals, Bloomberg News reported on Friday (10 April).
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