Tag Archives: European Union

Axios reports: The trade deal between the U.S. and the European Union could hit the pharmaceutical industry with billions in new costs and ultimately drive up prices and limit access. Drugmakers have been heavily reliant on foreign countries’ manufacturing and raw materials, most of it duty-free. Those free-trade policies are on the way out as the U.S. prepares to impose …

Politico Europe reports: The European Union has admitted it doesn’t have the power to deliver on a promise to invest $600 billion in the United States economy, only hours after making the pledge at landmark trade talks in Scotland. That’s because the cash would come entirely from private sector investment over which Brussels has no authority, two EU officials said. …

Reuters reports: France called a framework trade deal between the United States and European Union a “dark day” for Europe, saying the bloc had caved in to U.S. President Donald Trump with an unbalanced deal that slaps a headline 15% tariff on EU goods while sparing U.S. imports from any immediate European retaliation. The criticism from Prime Minister Francois Bayrou …

The New York Times reports: The European Union and the United States agreed on Sunday to a broad-brush trade deal that sets a 15 percent tariff on most E.U. goods, including cars and pharmaceuticals, averting what could have become a painful trade war with a bloc that is the United States’ single biggest source of imports. President Trump said that …

Bloomberg News reports: The European Union plans to quickly hit the US with 30% tariffs on some €100 billion ($117 billion) worth of goods in the event of no deal and if US President Donald Trump carries through with his threat to impose that rate on most of the bloc’s exports after Aug. 1. As a part of a first …

Reuters reports: The European Union is exploring a broader set of possible counter-measures against the United States as prospects for an acceptable trade agreement with Washington fade, according to EU diplomats. An increasing number of EU members, including Germany, are now considering using wide-ranging “anti-coercion” measures which would let the bloc target U.S. services and other sectors in the absence …

Politico Europe reports: The European Union is looking at targeting €72 billion in U.S. goods in a second round of trade countermeasures, including aircraft, cars and car parts, according to a list seen by POLITICO on Monday. The bulk of those exports targeted are industrial goods, totaling €65.7 billion, while €6.4 billion in agricultural products would also be hit if …

Reuters reports: President Donald Trump on Saturday imposed a 30% tariff on imports from Mexico and the European Union starting on August 1 after weeks of negotiations with the key trading allies failed to reach a more comprehensive trade deal. The fresh tariffs were announced in separate letters posted on Truth Social on Saturday. Earlier this week, Trump issued new …

Politico Europe reports: Denmark wants Europe to deploy its full legal arsenal against Hungary over violations of the bloc’s fundamental rights, including by pursuing the Article 7 so-called nuclear option against Budapest. “We are still seeing a violation on fundamental values,” Danish European Affairs Minister Marie Bjerre told reporters in Aarhus, where the European Commission is on a visit as …

Politico Europe reports: Scrambling to reduce Canada’s dependence on the Donald Trump-led U.S., the country’s Prime Minister Mark Carney on Monday signed a security and defense partnership with the European Union. The aim is to shift Canada’s defense and security relationship away from the U.S. in the wake of Trump’s threats to annex America’s northern neighbor. A key issue is …

Politico Europe reports: Convincing U.S. President Donald Trump to stop his global trade war is among the EU’s top priorities for the G7 summit in Canada, the bloc’s leaders said. European Commission boss Ursula von der Leyen and President of the European Council António Costa on Sunday both urged Trump to stop hurting the global economy with tariffs. “Let’s keep …

The Associated Press reports: The advocate general for the European Union’s highest court on Thursday urged the court to rule that Hungary violated the bloc’s laws and fundamental values when it passed legislation barring the availability of LGBTQ+ content to minors under 18. The non-binding opinion from the European Court of Justice’s Advocate General, Tamara Capeta, states that the legislative …

ABC News reports: President Donald Trump said on social media that if the courts rule against his tariffs, it will empower other countries to impose retaliatory tariffs on the United States, leading to economic damage. Such a ruling “would allow other Countries to hold our Nation hostage with their anti-American Tariffs that they would use against us,” Trump said in …

The Associated Press reports: Conservative Karol Nawrocki won Poland’s weekend presidential runoff election, according to the final vote count on Monday. Nawrocki won 50.89% of votes in a very tight race against liberal Warsaw Mayor Rafał Trzaskowski, who received 49.11%. Nawrocki has most recently been the head of the Institute of National Remembrance, which embraces nationalist historical narratives. Nawrocki’s supporters …

Politico Europe reports: The European Commission said it is prepared to impose retaliatory measures against U.S. President Donald Trump’s latest threat on steel and aluminum tariffs. “We strongly regret the announced increase of U.S. tariffs on steel imports from 25 percent to 50 percent,” the EU executive said on Saturday in an emailed statement. “This decision adds further uncertainty to …

Politico Europe reports: The majority of EU countries — including France and Germany — want the European Commission to crack down on Hungary over Prime Minister Viktor Orbán’s plan to ban upcoming Pride celebrations in Budapest, according to a joint statement seen by POLITICO. The move piles pressure on the Commission to penalize Budapest, just as EU diplomats warn of …

CNN reports: President Donald Trump said Sunday that he has agreed to delay a 50% tariff on European Union imports until July 9, the latest instance of Trump declaring an impending tariff and throwing markets into confusion only to later walk back the threatened levies. Trump said he and European Commission President Ursula von der Leyen had a “very nice …

“We have numbers. Nobody’s ever seen numbers like we have. I’m not looking for any deal. I mean, we’ve set the deal. It’s at 50 percent. But again, there are no tariffs if they build a plant here. Now, if somebody comes in and wants to build a plant here, I can talk to them about a little bit of …

“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more …

The New York Times reports: Top officials from the European Union and Britain are gathering in London on Monday to announce a freshly struck deal meant to tighten their trade and defense relationships, as the two allies pivot toward a post-Brexit future. The summit has been billed as a major reset of relations, and it is being especially closely watched …