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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Donald Trump announced Tuesday that Israel has accepted the key terms of a proposed 60-day ceasefire in Gaza, as part of renewed efforts to end the war.
A barge belonging to Egypt’s Offshore Shukheir Oil Company (Osoco) has capsized in the Gulf of Suez, with multiple deaths and dozens feared missing, the Ministry of Petroleum and Mineral Resources confirmed late Tuesday.
Denmark has expanded its military conscription to include women, aiming to recruit more soldiers and strengthen defence amid growing security concerns in Europe.
The International Atomic Energy Agency (IAEA) said it has been informed of a potential drone attack near Ukraine’s Zaporizhzhya Nuclear Power Plant, raising fresh concerns over nuclear safety in a conflict zone.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
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A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
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A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing the Chinese telecoms giant to face trial over allegations of trade secret theft, bank fraud, and sanctions violations.
Donald Trump announced Tuesday that Israel has accepted the key terms of a proposed 60-day ceasefire in Gaza, as part of renewed efforts to end the war.
A barge belonging to Egypt’s Offshore Shukheir Oil Company (Osoco) has capsized in the Gulf of Suez, with multiple deaths and dozens feared missing, the Ministry of Petroleum and Mineral Resources confirmed late Tuesday.
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