The European Union has responded to U.S. President Donald Trump’s threat to impose a 50% tariff on EU goods by calling for respectful trade negotiations and emphasizing the need to avoid escalating tensions.
Following President Trump’s announcement of a possible 50% tariff on imports from the EU, the European Union highlighted the importance of maintaining trade discussions based on mutual respect. EU Trade Commissioner Maros Sefcovic reaffirmed the EU’s dedication to achieving a fair and balanced agreement.
While Trump expressed frustration with the slow progress of negotiations and indicated tariffs could start on June 1, he also mentioned potential flexibility depending on European investment in the United States. Officials from France, Germany, Ireland, and the Netherlands voiced concerns and urged a de-escalation of the situation. The EU has signaled readiness to respond with countermeasures if necessary, though such actions are currently paused as negotiations continue.
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The British government announced on Wednesday that it had struck a series of trade and investment agreements worth $8.6 billion with Saudi Arabia, marking a major step in the UK’s efforts to boost economic relations across the Gulf.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for 29 October, covering the latest developments you need to know.
U.S. President Donald Trump arrived in South Korea on the final stop of his Asia tour, seeking breakthroughs on trade talks with Seoul and Beijing as President Lee Jae Myung rolled out a lavish welcome featuring the nation’s highest honour and a symbolic golden crown.
U.S. President Donald Trump said the U.S.-brokered ceasefire in Gaza remains intact despite Israeli airstrikes that killed dozens, as Israel and Hamas accused each other of violating the fragile truce.
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