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Europe News
European Commission puts prepped Mercosur deal on ice
According to several sources, the agreement reached by the EU and the Mercosur countries has been reviewed by the European Commission’s legal service and translated, but its submission to the Member States for ratification has been put on hold.
Europe News
Let's create a new World Trade Organization - Von der Leyen
European Commission chief Ursula von der Leyen has proposed to EU leaders the launch of a Europe-led initiative to establish a structured trade cooperation with Asian countries, potentially laying the groundwork for an alternative to the gridlocked World Trade Organisation (WTO).
Europe News
EU shuts out Chinese medical suppliers from European market
The European Union has confirmed a ban on Chinese companies from participating in EU government tenders for medical devices exceeding €5 million – another piece in an ongoing tit-for-tat trade tensions between Brussels and Beijing.
Belgium
Middle East conflict adds uncertainty to trade tension, IMF chief says
Former European Commission Vice-President and current IMF chief Kristalina Georgieva spoke to Euronews about the state of the global economy amid escalating trade tensions and the outbreak of a new conflict involving Iran.
Europe News
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.