The European Commission is engaging with industries to address U.S. tariffs, focusing on countermeasures to protect European businesses from price hikes and economic uncertainty.
European Commission President Ursula von der Leyen held discussions with representatives from the metals and automobile industries on Monday to address the response to U.S. tariffs. The talks aimed to gather data for further counter-measures, with the EU's planned response to U.S. steel duties to be voted on later this week. A call with the pharmaceuticals industry is set for Tuesday.
Stocks in Europe and Asia, along with oil prices, dropped on Monday due to concerns that U.S. President Donald Trump's tariffs could drive up prices, reduce demand, and potentially lead to a global recession. Von der Leyen revealed that the EU would propose a new trade measure from July 2026 to replace current steel safeguards and combat the effects of global overcapacity.
During the metals industry call, participants requested measures to mitigate indirect impacts from the tariffs and urgent action to keep aluminium and steel scrap in the EU. The Commission is considering export duties on scrap sales and has already reduced steel imports by 15% since April 1.
The EU also discussed potential tariff reductions for U.S. car imports, with carmakers such as BMW and Volkswagen advocating for cuts. The call included major industry figures like CEOs from BMW, Volkswagen, and Bosch.
While pharmaceuticals are exempt from the tariffs announced by Trump, the industry is pushing the Commission to clarify plans for boosting manufacturing in Europe. This may involve simplifying regulatory processes to encourage more clinical trials in the region.
U.S. President Donald Trump and Chinese President Xi Jinping will meet in Beijing on...
Azerbaijan’s Eurovision team are confident singer Jiva will secure a place in ...
U.S. President Donald Trump said he does not think he will need China's help to end the war with Iran as he le...
A Dutch hospital has quarantined 12 staff members as a preventive measure after blood and urine from a hantavirus&...
Divisions over the U.S.-Israeli war with Iran are set to overshadow a two-day meeting of the BRICS group of emerging ...
President Donald Trump said on Saturday (21 February) that he will raise temporary tariffs on nearly all U.S. imports from 10% to 15%, the maximum allowed under the law, after the Supreme Court struck down his previous tariff program.
The U.S. House of Representatives narrowly backed a measure on Wednesday (11 February) disapproving President Donald Trump's tariffs on Canada, a rare rebuke of the president and leaders of his party in the Republican-majority House.
The United States accused Cuba of interfering with the work of its top diplomat in Havana on Sunday (1 February) after small groups of Cubans jeered at him during meetings with residents and church representatives.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 25 January, covering the latest developments you need to know.
Kuwait arrested four members of an IRGC-linked group as they tried to enter the country by sea, the Gulf state's KUNA news agency reported on Tuesday. Meanwhile, a senior IRGC officer said Iran had expanded its definition of the Strait of Hormuz to include a far wider area.
Metropolitan Shio of Senaki and Chkhorotsku has been elected the 142nd head of the Georgian Orthodox Church at a meeting of clergy in Tbilisi following the death of longtime Patriarch Ilia II.
Biological samples from an Italian man were transferred to a specialist hospital for testing on Tuesday, after he was suspected of contracting hantavirus. Meanwhile, World Health Organization boss Tedros Ghebreyesus said there were “no sign” of a larger outbreak linked to the MV Hondius cruise.
Afghanistan has signed a five-year gold mining contract with Afghan and Azerbaijani companies in a deal worth more than $20m, the Ministry of Mines and Petroleum has said.
Exclusive flight-tracking material obtained by AnewZ has raised new questions about French military aircraft movements linked to President Emmanuel Macron’s recent diplomacy with Armenia and the wider scope of France’s defence cooperation with Yerevan.
U.S. President Donald Trump and Chinese President Xi Jinping will meet in Beijing on 14–15 May 2026 for a high-stakes summit aimed at managing rising tensions over trade, technology, Taiwan and the Iran conflict.
President Donald Trump said he would urge China’s Xi Jinping to “open up” to U.S. business during his trip to a summit in Beijing on Wednesday. He also added Nvidia CEO Jensen Huang to a group of executives travelling with him, following a stop in Alaska en route.
Russian forces have launched renewed attacks across Ukraine following the expiry of a short U.S.-mediated ceasefire, Ukrainian officials said, marking a sharp escalation in hostilities after days of relative restraint.
Philippine Vice President Sara Duterte has again been impeached by the country’s lower house, more than a year after an earlier impeachment complaint against her was dismissed on constitutional grounds.
Trade between the United Arab Emirates and Syria more than doubled in 2025, a UAE minister said on Tuesday during an investment forum in Damascus that reflected rapidly improving ties between the two countries.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment