European Commission President Ursula von der Leyen urged China to negotiate a resolution to the escalating trade tensions caused by U.S. tariffs. In a call with Premier Li Qiang, she highlighted the importance of fair trade, as both sides discuss potential risks and counter-tariffs.
Both leaders discussed the potential risks of trade diversion, with the EU concerned that China could redirect inexpensive U.S. exports to European markets.
In response, Premier Li called for increased communication between both sides to ensure trade remains open and fair. He reiterated China's stance on resolving issues through dialogue and consultation, rejecting Trump’s tariffs as "blackmail."
This conversation comes at a time when Trump has threatened further tariff increases, with proposed hikes on Chinese goods reaching 100%.
In retaliation, the European Union has suggested its own counter-tariffs, as the ongoing tariff dispute continues to unsettle global markets, with many fearing the economic repercussions of an escalating trade war.
UK Prime Minister Keir Starmer is nearing a defence deal with the EU to reset post-Brexit ties, even as his government courts a U.S. trade deal. Talks will culminate at a May summit, aiming to boost cooperation in defence, energy, and youth mobility.
Apple and Meta have been fined €500 million and €200 million respectively by the European Union for breaching the bloc’s new Digital Markets Act, escalating tensions in the transatlantic tech trade dispute.
Hungary’s persistent attempts to undermine EU efforts in support of Ukraine have pushed member states to seriously consider invoking Article 7 of the EU treaty — the bloc’s most severe disciplinary tool, which could strip Budapest of its voting rights, The Guardian reports.
Talks in Paris between U.S. officials and European leaders have kickstarted a new diplomatic format aimed at shaping Ukraine's post-war future, with the involvement of Europe’s three most powerful countries.
Greece has submitted its long-awaited maritime spatial plan to the European Union, outlining how it will organize various maritime activities such as fishing, tourism, offshore energy, and more.
South Africa’s 2024/25 maize harvest is now forecast at 14.66 million tonnes, up 14 % from last season and slightly above March’s estimate, the Crop Estimates Committee said in its latest outlook.
An explosion rocked a residential area in Taiyuan, Shanxi province, northern China, killing at least one person and injuring 21 others, according to state media.
U.S. Treasury primary dealers want Congress to scrap the federal debt ceiling, warning in new TBAC minutes that the limit lifts borrowing costs, fuels market turmoil and could weaken the dollar’s reserve-currency standing.
Russia and North Korea on Wednesday launched construction of a road bridge between the two countries that will span the Tumen river, marking strategic partnership between the two countries, Russia's prime minister said.
Canada’s economy contracted 0.2 % in February, its first monthly decline since November, as slumps in mining, oil and gas extraction, and construction dragged overall output lower, Statistics Canada said.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
For three generations, the Liebigs built railcars in Görlitz. Now, the factory that shaped their lives will produce parts for battle tanks.
North Korea has launched a new 5,000-tonne destroyer as part of Kim Jong Un’s plans to expand the country’s naval power far beyond its coastal waters.
U.S. President Donald Trump on Wednesday urged Americans to remain patient following a first-quarter economic contraction, insisting the downturn was not caused by his tariff policies.
China has lifted sanctions on five current and former Members of the European Parliament, signaling a move to ease tensions with the European Union and revive stalled trade negotiations.
Lars Klingbeil, Germany’s incoming finance minister, is set to reshape fiscal policy with a sharp focus on defense spending, marking a shift from austerity as Berlin boosts military investment amid global tensions.
Iran has announced plans to significantly expand its economic relationship with Afghanistan, targeting $10 billion in bilateral trade, as regional powers ramp up efforts to turn Afghanistan into a strategic trade and transit hub.
Germany edged out of recession with 0.2 % growth in the first quarter, but the recovery looked shaky as unemployment climbed to its highest level since the pandemic and looming U.S. tariffs threatened to stall momentum.
South Africa’s 2024/25 maize harvest is now forecast at 14.66 million tonnes, up 14 % from last season and slightly above March’s estimate, the Crop Estimates Committee said in its latest outlook.
An explosion rocked a residential area in Taiyuan, Shanxi province, northern China, killing at least one person and injuring 21 others, according to state media.
U.S. Treasury primary dealers want Congress to scrap the federal debt ceiling, warning in new TBAC minutes that the limit lifts borrowing costs, fuels market turmoil and could weaken the dollar’s reserve-currency standing.
Russia and North Korea on Wednesday launched construction of a road bridge between the two countries that will span the Tumen river, marking strategic partnership between the two countries, Russia's prime minister said.
Canada’s economy contracted 0.2 % in February, its first monthly decline since November, as slumps in mining, oil and gas extraction, and construction dragged overall output lower, Statistics Canada said.
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