The European Commission voiced strong regret over the United States’ decision to raise tariffs on imported steel to 50%, warning the move adds uncertainty to the global economy.
The European Commission sharply criticized the U.S. decision to double tariffs on imported steel, calling it a move that threatens economic stability and hinders efforts toward a negotiated trade solution.
“We strongly regret the announced increase of U.S. tariffs on steel imports from 25% to 50%,” a European Commission spokesperson said in a statement.
The announcement followed U.S. President Donald Trump's declaration that Washington would raise duties on foreign steel and aluminum, escalating an already tense trade environment. The tariff hike is expected to place further pressure on global steel producers and could deepen trade frictions with key allies.
“This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic,” the spokesperson added. “The tariff increase also undermines ongoing efforts to reach a negotiated solution.”
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U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
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The Oligarch’s Design is an investigative documentary exploring how financial power, political influence and carefully constructed narratives can shape conflict and public perception.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
Iranian authorities have seized a foreign tanker carrying more than 6 million litres of smuggled fuel in the Sea of Oman.
Russian forces struck Ukraine’s southern port city of Odesa for a second consecutive day on Saturday (13 December), deploying Kinzhal hypersonic missiles for the first time in the conflict, Ukrainian authorities said.
A bulk carrier owned by a Turkish company was struck during a Russian attack on Ukraine’s southern coast on Friday.
Street clashes broke out for a second night in the Tunisian city of Kairouan after a man died following a police pursuit, raising fears of wider unrest as the country nears the anniversary of the 2011 revolution.
Turkish Foreign Minister Hakan Fidan says international cooperation is essential for Syria’s recovery as investment slowly begins to return despite the scale of destruction after years of conflict.
Thailand’s caretaker Prime Minister Anutin Charnvirakul said on Saturday (13 December) that Thai forces would continue military action along the Cambodia border until Bangkok believes there is no longer a threat to Thai territory or civilians.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
EU foreign policy chief Kaja Kallas has warned that without concrete concessions from Russia, such as limiting its military forces or curbing its defence budget, new conflicts could erupt elsewhere, even if Ukraine receives security guarantees.
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