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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Iran would retaliate by striking U.S. military bases across the Middle East if it comes under attack by American forces, Foreign Minister Abbas Araghchi said on Saturday (7 January), stressing that such action should not be seen as targeting the countries hosting those bases.
The U.S. and China are locked in a growing struggle over critical minerals, the materials that power everything from electric vehicles and microchips to missiles and advanced radar systems, as both sides move to secure control over supply chains that underpin economic and military power.
Vladimir Putin’s special envoy Kirill Dmitriev is expected to travel to Miami on Saturday for meetings with members of Donald Trump’s administration, two sources familiar with the plans told Reuters.
The United States says it's handing over a tanker to Venezuela that it seized earlier this month, according to two U.S. officials, marking the first known case of President Donald Trump’s administration returning such a vessel, Reuters reported.
U.S. President Donald Trump has criticised American freestyle skier Hunter Hess after the athlete said he felt conflicted about representing the United States at the Winter Olympics in Italy, sparking a public clash that highlights growing political tensions surrounding the Games.
Iran would retaliate by striking U.S. military bases across the Middle East if it comes under attack by American forces, Foreign Minister Abbas Araghchi said on Saturday (7 January), stressing that such action should not be seen as targeting the countries hosting those bases.
Several avalanches struck northern Italy on Saturday, killing at least three people, as rescue officials warned the death toll could rise with unstable conditions persisting across the Alps.
U.S. skiing great Lindsey Vonn underwent surgery in an Italian hospital on Sunday after her attempt to win Olympic downhill gold ended in a violent crash just seconds into the race at the Milano Cortina Winter Games.
A Japanese city near Mount Fuji has cancelled its annual cherry blossom festival, saying growing numbers of badly behaved tourists are disrupting daily life for residents.
Hong Kong’s most prominent media tycoon Jimmy Lai was sentenced on Monday (9 February) to a total of 20 years in prison on national security charges. The verdict covers two counts of conspiracy to collude with foreign forces and one count related to publishing seditious materials.
Double world champion Max Langenhan delivered a dominant performance to win men’s luge singles gold on Sunday (8 February), breaking the track record four consecutive times as Germany extended its grip on the sport, now winning four of the past five Olympic titles.
U.S. skiing great Lindsey Vonn underwent surgery in an Italian hospital on Sunday after her attempt to win Olympic downhill gold ended in a violent crash just seconds into the race at the Milano Cortina Winter Games.
India’s trade minister said diversifying energy imports and expanding purchases of advanced technology from the United States would serve New Delhi’s strategic interests, as the two countries move closer to finalising a long-awaited trade agreement.
U.S. President Donald Trump has criticised American freestyle skier Hunter Hess after the athlete said he felt conflicted about representing the United States at the Winter Olympics in Italy, sparking a public clash that highlights growing political tensions surrounding the Games.
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