U.S. President Donald Trump said on Wednesday that his administration is preparing to impose a 25% tariff on imports from the European Union, a move aimed at addressing longstanding trade disparities.
“We have made a decision, and we’ll be announcing it very soon, and it’ll be 25% generally speaking, and that’ll be on cars, and all of the things,” Trump told reporters during a cabinet meeting.
The proposed tariff would mark a significant escalation in U.S. trade policy toward the EU. Currently, the European Union levies a 10% tariff on passenger cars - four times the U.S. rate of 2.5% - and imposes value-added taxes of at least 17.5% on various goods. U.S. officials have frequently complained about these protectionist measures, arguing that they place American industries at a disadvantage.
The new measure is seen as part of Trump’s broader strategy to rebalance global trade, particularly in sectors where the U.S. perceives unfair practices by its trading partners. However, the announcement has raised concerns among European leaders, who warn that such tariffs could trigger retaliatory measures and further strain transatlantic economic relations.
At present, further details - including the scope of the tariff and its timeline—remain under wraps. The European Union has yet to issue an official response to Trump’s declaration.
As the U.S. moves forward with its aggressive trade agenda, markets and policymakers on both sides of the Atlantic are closely watching for potential ripple effects across global trade networks.
South Korea’s new president Lee Jae-myung will meet Japanese Prime Minister Shigeru Ishiba during the G7 summit in Canada, marking his first major diplomatic engagement.
Israeli Prime Minister Benjamin Netanyahu has stated that a potential operation targeting Iran’s Supreme Leader would "end the conflict" rather than escalate it, framing the strategy as a path to resolution rather than provocation.
The 51st G7 Leaders' Summit kicked off in Kananaskis, Canada, with President Donald Trump and Prime Minister Keir Starmer announcing a landmark trade agreement that cuts tariffs on autos, steel, aluminium, beef, and ethanol, strengthening economic ties between the US and UK.
World leaders are gathering in Calgary in Canada for the G7 summit, where the escalating Israel-Iran conflict is set to dominate discussions.
French President Emmanuel Macron has vowed to support Greenland, saying the Arctic island is not for sale and warning of growing "predatory ambition" toward the region.
UN Secretary-General António Guterres has launched a global campaign to defend the Anti-Personnel Mine Ban Convention following plans by several countries to withdraw from the landmark treaty, warning that civilian lives are at risk.
Italian Prime Minister Giorgia Meloni and US President Donald Trump met on the sidelines of the G7 summit in Canada to call for renewed negotiations over Iran and efforts to de-escalate the worsening Middle East crisis.
The Kremlin backed U.S. President Donald Trump's claim that Russia’s expulsion from the G8 in 2014 was a mistake but dismissed the relevance of the current G7, calling it “rather useless.”
The International Ski Mountaineering Federation (ISMF) has confirmed that Azerbaijan will host the Ski Mountaineering World Championships in 2027, marking the first time the country will stage the prestigious event.
Thailand’s cabinet has approved a $1.2 billion plan to host a Formula 1 street race in Bangkok starting in 2028, aiming to boost tourism and put the capital on the global motorsport map with an annual event running through 2032.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
The Israeli military has issued an evacuation advisory for Iranian civilians living near weapons production sites and associated infrastructure within Iran. The message was shared on the social media platform X in both Arabic and Farsi by an official military spokesperson.
Azerbaijani Press Council members met with Turkish diplomats in Baku to discuss expanding media ties and addressing challenges in bilateral coverage.
Uzbekistan and China have reaffirmed their strategic partnership with fresh momentum, agreeing to fast-track major infrastructure and investment projects including the China–Kyrgyzstan–Uzbekistan railway.
An attack in central Nigeria has resulted in multiple casualties and displacement, as authorities respond to the latest incident of violence.
Demonstrations have taken place in Kenya following the death of a blogger who was in police custody, with reports of one person killed during the unrest.
UN Secretary-General António Guterres has launched a global campaign to defend the Anti-Personnel Mine Ban Convention following plans by several countries to withdraw from the landmark treaty, warning that civilian lives are at risk.
UN Secretary-General António Guterres has launched a global campaign to defend the Anti-Personnel Mine Ban Convention following plans by several countries to withdraw from the landmark treaty, warning that civilian lives are at risk.
Italian Prime Minister Giorgia Meloni and US President Donald Trump met on the sidelines of the G7 summit in Canada to call for renewed negotiations over Iran and efforts to de-escalate the worsening Middle East crisis.
The Kremlin backed U.S. President Donald Trump's claim that Russia’s expulsion from the G8 in 2014 was a mistake but dismissed the relevance of the current G7, calling it “rather useless.”
The International Ski Mountaineering Federation (ISMF) has confirmed that Azerbaijan will host the Ski Mountaineering World Championships in 2027, marking the first time the country will stage the prestigious event.
Thailand’s cabinet has approved a $1.2 billion plan to host a Formula 1 street race in Bangkok starting in 2028, aiming to boost tourism and put the capital on the global motorsport map with an annual event running through 2032.
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