U.S. President Donald Trump is pressing the European Union to unilaterally reduce tariffs on American goods or face the reimposition of steep duties, according to a report by the Financial Times on Friday.
The push adds renewed urgency to fraught trade negotiations between Washington and Brussels as both sides seek to avert escalating tensions.
According to the report, U.S. Trade Representative Jamieson Greer is expected to inform European Trade Commissioner Maros Sefcovic on Friday that a recent “explanatory note” submitted by the EU to guide ongoing discussions falls short of U.S. demands. The U.S. is reportedly insisting on tariff concessions before it will continue talks aimed at avoiding additional 20% "reciprocal" tariffs.
The Financial Times also noted that while the EU has proposed establishing a jointly agreed framework for negotiations, the two sides remain far apart, and prospects for near-term agreement appear slim. Reuters has not independently verified the contents of the FT report, and neither the European Commission nor the Office of the U.S. Trade Representative has issued immediate comments.
The backdrop to the current talks includes a series of U.S.-imposed tariffs on EU goods: 25% on cars, steel, and aluminum since March, and an additional 20% on a broader range of products introduced in April. The White House later halved the 20% rate, giving negotiators a 90-day window, expiring July 8, to reach a comprehensive trade agreement.
In response, the 27-nation European Union paused its plans to impose retaliatory tariffs and proposed a mutual elimination of duties on industrial goods, seeking to de-escalate the dispute.
The standoff has added pressure to broader transatlantic economic relations and cast doubt on the prospects for a stable trade environment as both sides navigate domestic political considerations and global economic headwinds.
President Donald Trump on Friday threatened a 25% import tax on iPhones made outside the U.S. and called for a 50% tariff on all EU imports starting in June, pressuring Apple and escalating his broader trade stanc
U.S. President Donald Trump announced on Friday that a major prisoner exchange between Russia and Ukraine has been completed, describing the development as a potential turning point in efforts to ease tensions between the two countries.
In a move with sweeping consequences for higher education,the Trump administration has revoked Harvard University’s ability to enroll international students, escalating its ongoing conflict with the Ivy League institution and raising serious questions about the future of thousands of foreign school.
Major investors are reallocating from U.S. Treasuries to international bonds due to concerns over America's fiscal policies, including escalating deficits and trade tensions. European, Japanese, and Australian markets are gaining favor as the dollar weakens and U.S. yields rise.
French President Emmanuel Macron urged Chinese President Xi Jinping to avoid tariffs on Cognac and to support ceasefires in Ukraine and Gaza, as the leaders discussed trade tensions and global conflicts.
A total of 270 Russian servicemen and 120 civilians, including some from the Kursk Region, have been returned to Russia as part of a large-scale prisoner exchange with Ukraine, the Russian Defense Ministry announced on Friday.
German Chancellor Friedrich Merz has urged Chinese President Xi Jinping to support international efforts aimed at securing a ceasefire in Ukraine, during their first official phone conversation since Merz took office.
U.S.-based private equity firm Redbird Capital Partners has reached an agreement to acquire the UK’s Telegraph Media Group for £500 million, becoming the sole owner of the 170-year-old newspaper and ending a prolonged period of financial and ownership instability.
The settlement of Radkivka in Ukraine's Kharkiv region was captured in an operation, according to the Russian Defence Ministry.
President Donald Trump on Friday threatened a 25% import tax on iPhones made outside the U.S. and called for a 50% tariff on all EU imports starting in June, pressuring Apple and escalating his broader trade stanc
Tensions flare in the India-France Rafale deal as France refuses to share the fighter jet’s source code, limiting India’s ability to integrate indigenous weapons and reducing its combat autonomy.
France has rejected India’s request to share source codes needed to integrate indigenous weapons into Rafale fighter jets. Despite repeated appeals, French manufacturer Dassault Aviation has refused to compromise on the issue
Anton Kobyakov, adviser to Russian President Vladimir Putin, claimed at the St. Petersburg International Legal Forum that the USSR’s dissolution was legally invalid and that the Soviet Union still exists under constitutional law, framing the Ukraine war as an “internal process.”
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AnewZ and Kazakhstan’s Jibek Joly/Silk Way TV channel co-hosted a special AnewZ Talks in Astana at Maqsut Narikbayev University (MNU), uniting global experts and young leaders at Silk Road Media Group’s journalism school to explore the growing intersection of media and diplomacy.
A total of 270 Russian servicemen and 120 civilians, including some from the Kursk Region, have been returned to Russia as part of a large-scale prisoner exchange with Ukraine, the Russian Defense Ministry announced on Friday.
German Chancellor Friedrich Merz has urged Chinese President Xi Jinping to support international efforts aimed at securing a ceasefire in Ukraine, during their first official phone conversation since Merz took office.
U.S.-based private equity firm Redbird Capital Partners has reached an agreement to acquire the UK’s Telegraph Media Group for £500 million, becoming the sole owner of the 170-year-old newspaper and ending a prolonged period of financial and ownership instability.
The settlement of Radkivka in Ukraine's Kharkiv region was captured in an operation, according to the Russian Defence Ministry.
President Donald Trump on Friday threatened a 25% import tax on iPhones made outside the U.S. and called for a 50% tariff on all EU imports starting in June, pressuring Apple and escalating his broader trade stanc
A total of 270 Russian servicemen and 120 civilians, including some from the Kursk Region, have been returned to Russia as part of a large-scale prisoner exchange with Ukraine, the Russian Defense Ministry announced on Friday.
German Chancellor Friedrich Merz has urged Chinese President Xi Jinping to support international efforts aimed at securing a ceasefire in Ukraine, during their first official phone conversation since Merz took office.
U.S.-based private equity firm Redbird Capital Partners has reached an agreement to acquire the UK’s Telegraph Media Group for £500 million, becoming the sole owner of the 170-year-old newspaper and ending a prolonged period of financial and ownership instability.
The settlement of Radkivka in Ukraine's Kharkiv region was captured in an operation, according to the Russian Defence Ministry.
President Donald Trump on Friday threatened a 25% import tax on iPhones made outside the U.S. and called for a 50% tariff on all EU imports starting in June, pressuring Apple and escalating his broader trade stanc
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