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The Latest Breaking News from European Union

EU trade ministers discuss €72 billion retaliatory tariffs on US goods

Caught off guard while preparing to sign an agreement in principle with the US on tariffs, the EU is gearing up for retaliation in case negotiations fail following the new US threats over the weekend.

Euronews

FTSE 100 thrives but tariff threat hurts Europe

US President Donald Trump on Saturday said major trading partners Mexico and the EU would face a 30% tariff starting next month.

Evening Standard

Over €10 billion has now been pledged for Ukraine’s recovery. It’s nowhere near enough

Clearly angered by the intensification of Russia’s air campaign against Ukraine, Donald Trump has pivoted from the suspension of US military assistance to Ukraine to promising its resumption. Russia’s strikes on major cities killed more civilians in June than have died in any single previous month, according to UN figures.

The Conversation

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Dollar Supported by Latest US Tariff Threats

The dollar index (DXY00 ) today is up by +0.07%, and posted a new 2.5-week high. The dollar moved higher due to a slump in stocks, which boosted some liquidity demand for the dollar. Also, President Trump's threats to impose 30% tariffs on goods from the European Union (EU) and...

Barchart

EU sanctions against Israel: here’s what’s on the table

As the humanitarian crisis in Gaza deepens, calls for the EU to take action against Israel have become all but impossible to ignore.

The Conversation

Voices: ‘Schengen, the euro, the whole thing’: Readers say UK must fully commit to rejoining EU

YOUR VIEWS: Our community agrees that Brexit’s challenges mean the UK must embrace Schengen, the euro, and full EU membership – no half-measures – to truly move forward

The Independent UK

Online platforms get further EU guidance on how to protect minors

The European Commission began a few investigations into potential breaches of the Digital Services Act (DSA) around minor protection.

Euronews

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Europe’s 72 billion revenge plan against Trump tariffs put on ice as von der Leyen chooses negotiation over economic warfare

Two-track approach, one frozen plan.

We Got This Covered

Tesla And Apple Face Brand-New Wrecking Ball—Thanks To Trump

President Donald Trump's latest salvo on trade policy has rattled markets, and auto giants like Tesla Inc. (NASDAQ:TSLA) and big tech like Apple Inc. (NASDAQ:AAPL) may bear the brunt. Trump has floated the idea of imposing 30% tariffs on imports from the European Union and Mexico, two regions that play a crucial role in both companies’…

Benzinga

Are women overtaking men in cultural employment in the EU?

The year 2024 marks the lowest gender gap in cultural employment in the last decade. However, men still earned more than women in 26 member states.

Euronews

EU risks breaching international law with Israel gas deal, campaigners say

THE EU is risking a breach of international law over a gas deal with Israel, a human rights organisation has said.

The National (Scotland)

UniCredit Banco BPM merger battle deepens as Brussels warns Italy against unlawful interference

Rome’s use of the ‘Gold Power’ rule to impose conditions on the merger is controversial because the two companies are both Italian and there is no apparent threat to national security.

Euronews

Kosovo fighter's sentence cut to 13 years despite court upholding convictions for murder and torture

A European Union-backed court has upheld convictions against former Kosovo Liberation Army fighter Pjetër Shala for murder, torture and arbitrary detention

The Independent UK

EU's AI Code ready for companies to sign next week

Both the member states and the European Commission need to formally give the green light to the Code, which helps providers of AI systems comply with the EU’s AI Act.

Euronews

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Benzinga

EU Prepares $24.5B In Tariffs As Trump Threatens 30% Import Tax On Mexico, Europe

The European Union has a €21 billion ($24.52 billion) package of tariffs on U.S. goods ready for implementation should ongoing trade negotiations falter, Italy’s Foreign Minister Antonio Tajani stated in a newspaper interview on Monday, as reported by Reuters.

Fortune

Markets are preparing for an international game of tariff bluff—but President Trump may no longer need to back down

Analysts including Deutsche Bank’s Jim Reid and Goldman Sachs’ Sven Jari Stehn suggest Trump's sharp escalation is more likely a negotiation tactic than a firm policy shift.

International Business Times UK

Hallow App Controversy: Why Some Users Call It a 'Money Grab'—And Why It's Banned in Some Countries

The Hallow app, a popular Christian prayer and meditation guide, faces bans in China due to 'illegal' content and potential EU restrictions over data privacy.

The Guardian - UK

First Thing: ‘Humanitarian city’ would be concentration camp for Palestinians, says former Israeli PM

Ehud Olmert says plan would be ethnic cleansing, and anger at Israel over Gaza war is not all down to antisemitism. Plus, why are numbers of first-time US homebuyers at a generational low?

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Fortune

The markets are playing chicken against Trump on the assumption that the Fed will rescue them if their call is wrong

"At some stage, someone’s bluff could be called," says Deutsche Bank's Jim Reid. "If huge tariffs do get imposed on August 1st, in thin holiday markets, we could get a sizeable market reaction.”

Euronews

EU Commission plans major overhaul of budget, merging agricultural and regional funds

A leaked document reveals that the European Commission is considering a major overhaul of the EU’s long-term budget by merging the Common Agricultural Policy (CAP) with cohesion policy under a single programming framework.

Barchart

Stocks Set to Open Lower as Trump Ratchets Up Tariff Threats, U.S. Inflation Data and Big Bank Earnings Awaited

September S&P 500 E-Mini futures (ESU25) are down -0.29%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.30% this morning, pointing to a lower open on Wall Street after U.S. President Donald Trump escalated his trade war.

The Guardian - UK

Trump’s 30% tariffs would eliminate EU-US trade, says chief negotiator Šefčovič

EU trade commissioner says ‘we want to use ‘every minute until 1 August to find a negotiated solution’

The Guardian - US

Supreme court clears way for Trump to gut education department – as it happened

This liveblog is now closed.

Al Jazeera

Europe’s stock markets drop amid Trump’s tariff threats against EU, Mexico

Major indices suffer heavy losses as EU ministers prepare to discuss response to US president’s latest trade salvo.

Evening Standard

Emmanuel Macron warns Europe’s freedom faces ‘greatest threat’ since World War Two

French President pledges to increase military budget as his nation celebrates Bastille Day

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