European Union leaders renewed economic sanctions on Russia for another six months on Thursday and reviewed the latest U.S. trade proposals during a summit in Brussels.
French President Emmanuel Macron said the EU remains open to a swift and pragmatic trade deal with Washington but called for fair terms. “Our goodwill should not be seen as a weakness,” he told reporters. “If the U.S. maintains its baseline tariff of 10%, Europe’s response must carry equal weight.”
European Commission President Ursula von der Leyen confirmed that the EU had received a new document from Washington. “We are ready for a deal,” she said, adding: “At the same time, we are preparing for the possibility that no satisfactory agreement is reached. All options remain on the table.”
German Chancellor Friedrich Merz echoed the call for a streamlined process, saying the EU should pursue a “quick and simple” agreement. He noted that von der Leyen had also proposed exploring a new trade body led by European nations, as the World Trade Organization faces challenges.
The renewed push for a U.S.-EU trade agreement comes as President Donald Trump promotes updated tariff policies with global partners. Trump announced Wednesday that the U.S. had signed a trade deal with China and suggested a similar agreement with India may follow.
Separately, EU officials confirmed the extension of sanctions on Russia, citing the ongoing war in Ukraine. The measures will remain in place for another six months.
Leaders are expected to return to the trade agenda in July, with talks set to intensify in the coming weeks.
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A Russian drone attack on Ukraine’s southern Odesa region has damaged an oil depot belonging to Azerbaijan’s state oil company, SOCAR, and left four people injured, industry sources told Reuters.
During President Ilham Aliyev’s visit to Washington, officials from Azerbaijan and the United States discussed expanding economic collaboration and boosting strategic innovation partnerships.
Belarusian President Alexander Lukashenko stated in an interview published on Friday that he has no intention of seeking another term in office and dismissed claims that he is preparing his son to take over leadership.
Drone attacks continue to haunt communities around Kyiv. Overnight, Russian forces launched another wave of drones at the Kyiv region, hitting the Bucha district. Fires broke out and several homes were damaged. Local authorities say three women, aged 16, 56, and 80, were injured.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Belarusian President Alexander Lukashenko stated in an interview published on Friday that he has no intention of seeking another term in office and dismissed claims that he is preparing his son to take over leadership.
China’s President Xi Jinping told Russian leader Vladimir Putin that Beijing will continue promoting peace talks on Ukraine, regardless of how the situation unfolds.
Drone attacks continue to haunt communities around Kyiv. Overnight, Russian forces launched another wave of drones at the Kyiv region, hitting the Bucha district. Fires broke out and several homes were damaged. Local authorities say three women, aged 16, 56, and 80, were injured.
Polish Prime Minister Donald Tusk said on Friday that a pause in the conflict in Ukraine may be approaching, following a conversation with Ukrainian President Volodymyr Zelenskyy.
Canadian Prime Minister Mark Carney is working urgently to mend strained ties with Mexico, after relations collapsed late last year when Canadian officials indicated a preference for pursuing a U.S. trade deal without Mexico.
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