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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.
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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.
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.
Business
Farmers set to see lower trading costs from closer EU-UK ties
The EU and the UK remain each other’s most important trading partners for agri-food products, despite frictions linked to Brexit. A reduction of red tape could help farmers and other traders on both sides of the Channel, although businesses are waiting for details.