Tag: European Union

 The European Union and India will explore possibilities for Indian participation in European defence initiatives, according to a draft security and defence partnership document seen by Reuters.

NATO Secretary General Mark Rutte said on Thursday NATO allies will need to step up their presence in the Arctic under a framework deal with U.S. President Donald Trump after he backed off tariff threats and ruled out taking Greenland by force.

EU member states on Friday gave the green light to the signing of the Mercosur agreement, paving the way for a vast trade bloc taking in more than 700 million people across Europe and Latin America. France, however, plans to continue its fight against the deal in the European Parliament.

China on Monday announced tariffs of up to 42.7% on dairy products from the European Union, following the results of an anti-subsidy investigation that began in August 2024.

European Union countries will allocate 90 billion euros ($105.5 billion) in aid to Ukraine for 2026 and 2027, EU Council President Antonio Costa said on Friday.

China on Tuesday announced lower duties on pork imports and pig by-products from the European Union as it concluded a year-long anti-dumping investigation into European pork imports.

The European Union is set to propose softening emissions rules for new cars, scrapping an effective ban on combustion engines following months of pressure from the automotive industry.

EU energy ministers on Monday backed a proposal to phase out Russian oil and gas imports to the bloc by January 2028, the Council of the European Union said.

Shares of Europe’s biggest carmakers traded lower on Wednesday, amid concern that the European Union’s latest efforts to protect the domestic steel market could threaten the region’s auto sector.

The European Union’s decision to hike steel tariffs and sharply cut import quotas has provoked widespread concern in the U.K., as well as rumblings of discontent among carmakers on the continent.

The European Commission has pledged to support Rome after the US threatened Barilla and other Italian pasta makers with tariffs of up to 92 per cent over what Washington describes as dumping practices.

The European Union is aiming to expedite legislation to remove all tariffs on U.S. industrial goods by the end of the week, a demand made by President Donald Trump before the U.S. will lower its duties on the bloc’s automobile exports, Bloomberg News reported on Wednesday.

The U.S. and European Union on Thursday revealed fresh details about their trade framework, including on hotly contested and anticipated pharma and semiconductor tariffs.

The European Union has reached an agreement on a new sanctions package against Russia, which includes a lower price cap for Moscow’s crude oil barrels.

President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.

China has called on the European Parliament to stop politicizing trade and economic issues and applying double standards on export controls, according to a statement from China’s mission to the European Union on Friday.

The European Union (EU) is stuck in limbo as uncertainty persists around when a trade agreement with the U.S. might be reached.

The European Union is willing to accept a trade arrangement with the US that includes a 10% universal tariff on many of the bloc’s exports, but wants the US to commit to lower rates than that on key sectors such as pharmaceuticals, alcohol, semiconductors and commercial aircraft.

European Union leaders are to tell the European Commission on Thursday whether they want to reach a quick trade agreement with the United States on terms that favour Washington or keep fighting for a better deal.

The European Commission is to propose lowering the Russian oil price cap and banning the use of Nord Stream infrastructure as part of a fresh round of sanctions against Moscow, the Financial Times reported on Tuesday.