Tag: European Union

The European Central Bank slashed interest rates at its latest policy meeting on Thursday as expected, bringing its key deposit rate down by 25 basis points to 2.0%, although officials did not provide outright guidance for changes later this year.

The European Commission said on Monday it would make a strong case this week for the United States to reduce or eliminate tariffs even after Donald Trump said he would double import duties on steel and aluminium to 50%.

The European Union on Tuesday approved the creation of a 150 billion-euro ($170.7 billion) EU arms fund, driven by fears of a Russian attack in the coming years and doubts about U.S. security commitments to the continent.

President Donald Trump said Sunday that he agreed to an extension on the 50% tariff deadline on the European Union until July 9.