The European Union is pushing for U.S. tariff cuts on European cars to take effect retroactively, as both sides released details of their July trade framework deal aimed at easing transatlantic trade tensions.
Under the new trade framework agreed in July between U.S. President Donald Trump and European Commission President Ursula von der Leyen, the United States will lower its 27.5% tariffs on European cars and car parts to 15%, easing a major burden on the auto industry.
The 3.5-page joint statement outlined commitments from both sides, including the EU’s pledge to eliminate tariffs on U.S. industrial goods and grant preferential market access for U.S. seafood and agricultural products.
While wine and spirits were excluded from exemptions, both parties left the door open for future negotiations.
The EU also reiterated its plan to procure $750 billion in U.S. energy products and $40 billion in American-made AI chips, alongside $600 billion of EU investment in U.S. strategic sectors by 2028.
Both sides pledged to address digital trade barriers, negotiate rules of origin, and coordinate on steel and aluminum markets to protect supply chains.
Officials described the deal as a mechanism to ensure accountability while laying the groundwork for future expansions.
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President Emeritus of the European Council Charles Michel has called for a more coherent, autonomous European Union policy on China and regional diplomacy, warning against over-reliance on the U.S. or Russia in shaping Europe’s global direction.
U.S. President Donald Trump said on Tuesday he had ruled out putting U.S. troops on the ground in Ukraine, but said the United States might provide air support as part of a deal to end Russia's war in the country.
An overnight Russian attack that rocked the central Ukrainian city of Kremenchuk and left hundreds of customers in the Poltava region without power shows that Russian President Vladimir Putin does not want peace, regional Ukrainian officials said.
Speaking at a joint press conference in Brussels with Ukrainian President Volodymyr Zelenskyy, von der Leyen outlined Europe’s position ahead of Monday’s summit at The White House, where EU leaders will join U.S. President Donald Trump and Zelenskyy to discuss the path to a possible peace agreement.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Honduras has brought back mask mandates as COVID-19 cases and a new variant surge nationwide.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Canadian Prime Minister Mark Carney spoke with U.S. President Donald Trump on Thursday and had "a productive and wide-ranging conversation" on trade challenges and other issues, Carney's office said in a statement.
A massive explosion at a fireworks warehouse in Karachi on Thursday injured at least 34 people, sparking fires and panic among residents in Pakistan’s largest city.
Russia has escalated strikes on Ukraine’s energy system, targeting a key gas compressor station vital for winter storage, as Kyiv faces mounting shortages despite U.S. peace efforts.
China is moving to restrict domestic technology companies from acquiring Nvidia’s H20 artificial intelligence chips thus highlighting the escalating technology rivalry between Beijing and Washington.
Tbilisi and Strasbourg are facing an escalating political standoff as Georgia’s democratic trajectory and its European aspirations collide with sharp criticism from European institutions.
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