Trump announces ‘great’ trade deal with Indonesia, 19% tariff included
U.S. President Donald Trump on Tuesday announced a new trade agreement with Indonesia, calling it a “great deal” that includes a 19% tariff and ex...
"Ukraine needs a steady supply of artillery shells in order to maintain its fight for freedom against the Russian invading forces," - said Prime Minister Jonas Gahr Støre. Norway will provide around $460 million in funding this year to supply Ukraine with artillery ammunition.
Support to Ukraine will be one of the topics that will be discussed at the meeting between Prime Minister Støre and President of the European Commission Ursula von der Leyen in Brussels today.
"We are now strengthening our cooperation with the EU to provide Ukraine with, among other things, more artillery ammunition. Europe must assume greater responsibility for supporting Ukraine in its fight for freedom," - said Prime Minister Jonas Gahr Støre.
In particular, Norway has announced to provide NOK 4 billion (around $367 million) in funding in 2025 to a Czech-led initiative to supply Ukraine with artillery ammunition. Norway will also provide NOK 1 billion (around $92 million) to the European Peace Facility (EPF).
The new allocation is Norway’s contribution to the ongoing collective financing initiative led by EU High Representative/Vice President Kaja Kallas.
"Ukraine has made it clear to us that there is an urgent need for this type of support, and European countries are working together to meet this need," said Mr Støre and added that Norway will contribute to efforts to replenish Ukraine’s ammunition stocks.
NOK 4 billion of the allocation will go to the Czech-led large calibre ammunition initiative, to which Norway also contributed funding in 2024. The funding from Norway will help to increase the volume, and enhance the predictability, of artillery ammunition supplies in 2025.
Norway will provide NOK 1 billion in funding to the European Peace Facility (EPF). Under the EPF, the EU provides military support to Ukraine with a focus on artillery ammunition, air defence and procurements from the Ukrainian defence industry. The funding from Norway will be used for artillery ammunition.
The new allocation from Norway is part of the recently announced increase of NOK 50 billion in Norwegian support to Ukraine for 2025.
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China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
French Prime Minister François Bayrou has unveiled a sweeping budget plan that includes scrapping two public holidays—Easter Monday and 8 May, which marks Victory in Europe Day—to tackle the country’s growing debt crisis.
U.S. President Donald Trump on Tuesday announced a new trade agreement with Indonesia, calling it a “great deal” that includes a 19% tariff and expanded U.S. export access.
U.S. President Donald Trump said on Tuesday that Ukrainian forces should not strike Moscow, rejecting reports that he approved long-range missile deliveries.
Canadian Prime Minister Mark Carney says it’s unlikely his government can strike a tariff-free trade deal with the U.S.
NATO Secretary General Mark Rutte is warning that major economies like Brazil, China, and India could face serious consequences if they continue trading with Russia, as the U.S. steps up pressure with fresh sanctions and weapons support for Ukraine.
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