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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Democrats captured majorities in both chambers of Congress on Tuesday, scoring sweeping victories that reached into Republican strongholds, with millions of voters delivering a strong rebuke to President Donald Trump.
From international reporting and investigative documentaries to global forums and digital innovation, AnewZ marks two years of connecting Azerbaijan and the wider world.
Democrat wins surged on Tuesday across the United States with stunning victories in the South Carolina, Texas and Ohio senate races -- traditionally Republican strongholds -- in the 3 November midterm elections.
Iranian parliament speaker Mohammad Bagher Ghalibaf says the U.S. must act to prevent war after Tehran sent a “strong and rational response” to Washington. Meanwhile, U.S. forces have reportedly carried out limited strikes against Iranian targets, including Qeshm Island,
U.S. President Donald Trump says Washington will end its annual financial and military aid to Israel by the end of 2026, under an agreement he claims to have reached with Israeli Prime Minister Benjamin Netanyahu.
Thousands of protesters, including students and artists, marched through Prague and other Czech cities on Tuesday as public television and radio workers staged a one-day strike over government plans to cut funding and bring the broadcasters under state budget control.
As oil prices surge amid conflict in the Gulf, energy leaders at ADIPEC in Abu Dhabi are confronting two major challenges: securing global supplies and meeting soaring electricity demand from artificial intelligence.
North Korea fired multiple missiles into the sea off its east coast on Wednesday, South Korea's Defence Ministry said, in Pyongyang's fourth weapons launch in a month.
Bomb threats targeting at least seven flights and a cruise ship across Europe on Tuesday, 3 November, sparked flight diversions, airport disruptions and widespread security searches. No explosives were found, and no group has claimed responsibility.
From international reporting and investigative documentaries to global forums and digital innovation, AnewZ marks two years of connecting Azerbaijan and the wider world.
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