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European Parliament blocks MEPs' attempt to stall Mercosur deal

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Canada

G7 foreign ministers show support for Ukraine after talks in Canada

The G7 ministers said in a joint statement at the conclusion of the two-day gathering that they are increasing the economic costs to Russia and exploring measures against those who finance Russia’s war efforts.

Economy

EU inks agriculture deal with Ukraine but political obstacles remain

The EU’s new export agreement with Ukraine comes into effect on Wednesday, even as Hungary, Poland and Slovakia maintain a ban on Ukrainian agricultural imports — a move that underscores the challenges of integrating Ukraine’s vast farming sector into the European Union.

Europe News

EU lawmakers plead UN body to go hard on wildlife trafficking by 2030

More data, better traceability schemes and stepping up enforcement are some of the measures backed by lawmakers to tackle wildlife trafficking ahead of the UN convention in Uzbekistan.

Uzbekistan

EU and Uzbekistan deepen ties with new partnership agreement

On Friday, the EU and Tashkent signed an Enhanced Partnership and Cooperation Agreement in Brussels to strengthen ties between the two partners.

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World News

Carney says Canada will double non-US exports over US trade policy

According to Carney, the decades-long process of an ever-closer economic relationship between the Canadian and US economies is now over.

Economy

Feeling the strain: Italian pasta makers boil over Trump tariffs

Faced with the threat of exorbitant US tariffs, Italian pasta producers are hoping for political support — and that they will not have to wait for a legal resolution to their case.

Economy

China 'not afraid' of tariff war following Trump 100% tariff threat

“China’s stance is consistent,” the Chinese Commerce Ministry said in a statement posted online. “We do not want a tariff war but we are not afraid of one.”

Economy

'Not up for discussion': Brussels rejects US pressure on climate rules

In response to US demands to roll back the EU's environmental legislation, the European Commission defended its autonomous power to adopt laws.

Economy

EU is 'concerned' as China restricts exports of rare earths

A freshly announced list of rare earth restrictions from China sparked the Commission's reaction, spokespeople saying the European Commission is 'studying the details'.

Economy

European Parliament lawmakers vote against the Mercosur deal

Inserted into a parliamentary resolution, a few lines welcoming the Mercosur agreement were rejected by a majority of European lawmakers on Wednesday.

Economy

'Time is running out' for Europe’s steel workers, sector tells the EU

Suffocated by Chinese overcapacities and US tariffs, the European steel industry says its very survival is at stake, urging the European Commission to introduce strong protective measures.

Economy

Trump sets tariff on timber and lumber, citing national security risks

Imported wood and furniture "threaten to impair the national security of the US", according to the administration.

Economy

Trump threatens to slap 100% tariffs on movies made abroad

A few months after initial threats, the US president is once again targeting the non-American film industry.

Economy

Pharma tariffs: The EU's confident it can dodge US measures

US President Donald Trump announced on Thursday 100% tariffs on pharmaceutical products imported into the US, but the European Commission remains hopeful that the deal concluded with Washington this summer—setting 15% tariffs on EU goods—will also apply to the sector.

Economy

US drops tariffs on EU cars to 15%

The measures concerning cars will apply retroactively from 1 August. Negotiations on aluminium and steel, which remain heavily taxed at 50%, are only just beginning.

Europe News

EU's green demands are jamming trade talks with India

India is pushing back against the inclusion of a dispute settlement mechanism to enforce green standards in the trade deal currently under negotiation with the EU.

Economy

European Commission concludes free trade deal with Indonesia

The Commission has signed a political agreement guaranteeing access for swathes of EU products to the Indonesian market. Jakarta will also benefit from preferential tariffs, including on highly controversial palm oil.

Economy

EU Commissioner Sefcovic flies to Indonesia to finalise trade deal

Securing access to a new market would be a win for the EU Commission, which is pursuing a trade diversification agenda since relations soured with the US following its imposition of tariffs.

Economy

EU industry struggles with new US rules on imports of steel and aluminium

The US, which slapped 50% tariffs on EU steel and aluminium in June, requires importers to provide proof of origin for these materials when they are part of a finished product: a headache for European industry.

Europe News

Could military business be the game changer for EU-India trade deal ?

Defence and security policies could become the backbone of a new partnership between India and the EU, according to the new EU-India strategy. The document is to be presented on Wednesday by the EU Commission in view of the signature of a €150-billion free trade agreement.