BEIJING: The European Union is seeking “fair competition” with China and not a race to the bottom in wages and environmental standards, the bloc’s vice president for the clean transition told AFP in Beijing on Monday.Deep frictions exist over economic relations between the 27-nation bloc and China.Brussels is worried that a manufacturing glut propelled by…
European markets mostly fell Monday as investors digested President Trump’s latest trade war salvos, which saw him threaten to hit the European Union and Mexico with 30% tariffs starting on August 1. Mr. Trump’s threat came after a series of announcements last week that included warnings of a possible 50% levy on all copper imports…
The European Union will suspend retaliatory tariffs on goods from the United States that were scheduled to take effect on Monday. The EU hopes it can reach a trade deal with the Trump administration by the end of the month. “This is now the time for negotiations,” European Commission President Ursula von der Leyen told…
President Trump on Saturday announced he is levying 30% tariffs against Mexico and the European Union. They are set to begin on August 1. He announced the tariffs on two of the United States’ biggest trade partners in letters posted on this Truth Social account. In his letter to Mexican President Claudia Sheinbaum, Mr. Trump…
The European Union’s executive arm unveiled its latest package of sanctions against Russia, aiming to apply pressure to President Vladimir V. Putin by damaging the nation’s energy and banking sectors. The sanctions proposed on Tuesday — which still need to be debated and passed by member states — would ban transactions with the Nord Stream…
Vienna, Austria — Police in the Austrian city of Graz deployed in force to a school on Tuesday after receiving a call about a situation there, and they said shots were heard. Police spokesperson Sabri Yorgun said special forces were among those sent to the high school after a call at 10 a.m. (4 a.m….
President Trump said Sunday that the U.S. will delay implementation of a 50% tariff on goods from the European Union from June 1 until July 9 to buy time for negotiations with the bloc. That agreement came after a call Sunday with Ursula von der Leyen, the president of the European Commission, who had told…
Jenin, West Bank — Several nations that have backed Israel during its war against Hamas in the Gaza Strip voiced outrage Wednesday after Israeli troops fired what they called “warning shots” as foreign diplomats visited the occupied West Bank. The Palestinian Authority, which partially administers the Israeli-occupied Palestinian territory, accused Israeli troops of “deliberately” shooting at…
