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EU targets US 'Big Beautiful Bill' over tax provision in tariff talks
The US budget bill could impose a tax of up to 20% on US-sourced income received by foreign investors. The provision of the bill, which has raised concerns within the EU, is currently part of the ongoing negotiations on tariffs, according to EU lawmaker Markus Ferber.
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Europe News
EU hits back against 'Buy China' policy in medical devices market
The European Union has taken steps to restrict Chinese medical devices from participating in its public procurement market in retaliation for the "Buy China" policy, which limits access for EU firms to Chinese government contracts.
Europe News
European steel sector on high alert amid slow-moving trade negotiation
The EU steel sector warned on Wednesday of overcapacities flooding the EU market after US president Donald Trump doubled tariffs on the sector to 50%. The new tariffs have increased pressure on the EU’s negotiating teams trying to break the deadlock in its ongoing trade wrangle with the US.
Europe News
EU-Ukraine trade reset: What comes after tariff-free access expires?
With the expiration of the EU’s tariff-free trade scheme for Ukraine, a new chapter begins in the economic relationship between Kyiv and Brussels - one marked by uncertainty, renegotiation and potential setbacks for Ukraine's war-stricken economy.
Europe News
Chances of solving US-EU trade dispute over tariffs slim, expert says
After the US president announced he would raise tariffs on aluminium and steel from 25% to 50%, a deal between the EU and the US is unlikely to be reached within the 90-day period set by Trump, according to Ignacio García Bercero, a former senior EU official and expert at the Bruegel think tank.
