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The Latest Breaking News from European Union

Trump Stuns With Tariff Backtrack But Hikes China Rate To 125%

US President Donald Trump abruptly paused tariffs on most countries, sparking euphoria on global markets Thursday, but upped the ante on a brutal trade war with superpower rival China.

International Business Times

PM, Deputy PM at odds over NZ response to US tariffs

New Zealand's prime minister and deputy are at odds on the best response to US tariffs, believed to directly cost its economy around $NZ900 million.

AAP

President Vučić gets strategic support from France for Serbia's 'European destiny'

Macron and Vučić held talks in Paris focusing on Serbia's democratic path, economic interests and regional stability.

Euronews

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US markets close with steep losses as Trump tariffs branded ‘worst self-inflicted wound’ by a successful economy – as it happened

Wall Street stocks tumbled again as investors remain jittery while former US treasury chief criticises Trump’s economic policy

The Guardian - UK

Hungary's government launches war on drugs, but ignores root causes

Hungary already had one of the strictest drug laws in the EU, but now penalties are being further increased. While many people support the tougher regulations, research suggests that law enforcement alone is not enough to solve the problem.

Euronews

As Republicans defend trade agenda, Trump changes course - Roll Call

House Ways and Means Republicans were giving a robust defense to President Donald Trump's trade policy just as he was changing course.

Roll Call

UK-US deal or eased tariffs ‘won’t be enough’, Starmer warns

Donald Trump later said he would be pausing tariffs on most nations for 90 days.

Evening Standard

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Trump pauses plans to hike US tariffs on most countries except China

Trump says he will raise US tariffs on Chinese exports to 125% and unveils 90-day pause for other countries

The Guardian - US

Ukraine seeks to reassure Brussels by drawing red lines on US minerals deal

The European Commission has received confirmation from Ukraine that the US minerals deal would not run against the country's bid to join the EU.

Euronews

Commission overruled as lawmakers extend microplastic controls to shipping

After a series of high profile spills at sea, MEPs and governments have agreed that new pollution controls must extend to maritime freight, despite opposition from the EU executive.

Euronews

Trump says pharmaceutical tariffs are coming ‘very shortly.’ How will this impact the price of drugs?

‘We're going to be announcing very shortly a major tariff on pharmaceuticals. And when they hear that, they will leave China,’ president says at Republican fundraiser

The Independent UK

Trump Tells US To 'Be Cool' As China, EU Strike Back

US President Donald Trump brushed off global market panic Wednesday after China and the European Union announced retaliatory tariffs, telling Americans to stay "cool" despite his spiraling trade war.

International Business Times

The Latest: Trump’s latest round of tariffs go into effect

President Donald Trump has launched tariff wars with nearly all of America's trading partners

The Independent UK

EU set to approve Liberty Media's purchase of MotoGP owners Dorna Sports

Liberty Media is set to earn approval from the European Union antitrust authorities in its bid to acquire MotoGP owners Dorna Sports.

Autosport

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Motorsport

EU to OK Liberty Media's €4.2bn purchase of MotoGP

Liberty Media is set to earn approval from the European Union antitrust authorities in its bid to acquire the MotoGP owners Dorna Sports.

Euronews

Europe must adapt to stay competitive in growing tourism market, sector leader warns

Travel and tourism are expected to continue growing in Europe, according to the World Travel & Tourism Council, which is calling for simplification of the bloc’s legislation to boost competitiveness.

Barchart

Stocks Spike as Trump Announces 90-Day Tariff Pause

The S&P 500 Index ($SPX ) (SPY ) today is up +5.99%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +3.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +7.05%. June E-mini S&P futures (ESM25 ) are up +7.02%, and June E-mini Nasdaq futures...

Barchart

Stocks Search for Direction as China, Europe Retaliate on Tariffs

The S&P 500 Index ($SPX ) (SPY ) today is up +0.60%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.33%. June E-mini S&P futures (ESM25 ) are up +0.67%, and June E-mini Nasdaq futures...

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Barchart

Stocks Pressured as US Trade War Escalates with Retaliatory Tariffs by China and EU

The S&P 500 Index ($SPX ) (SPY ) today is down -0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.18%. June E-mini S&P futures (ESM25 ) are down -0.60%, and June E-mini Nasdaq futures...

The Independent UK

The EU plans to fight back against Trump’s tariffs with cigarettes and ice cream

Bow ties, handkerchiefs and ice cream: How the EU is set to respond to Trump’s tariffs creatively

The Guardian - UK

EU to impose retaliatory 25% tariffs on US goods from almonds to yachts

Bloc says it ‘considers US tariffs unjustified and damaging, causing economic harm to both sides’

Euronews

EU Tech Commissioner defends scrapping of AI Liability rules

Henna Virkkunen said the directive would not have led to harmonised rules across Europe.

Euronews

Nations debate historic first global carbon tax as shipping faces pressure to cut emissions

As nations of the world debate a historic global carbon tax on shipping, the US has waded in with threats of retaliation.

Euronews

'Workations': What are the best European countries for travelling workers?

These trips allow professionals to blend work responsibilities with cultural experiences in destinations offering the necessary infrastructure for productivity on the go.

Euronews

Patti Smith announces a new memoir 'Bread of Angels'

The release date of Patti Smith's new memoir is relevant and deeply personal... The singer-songwriter-writer will embark on the European leg of her tour celebrating the 50-year anniversary of her debut album, 'Horses'.

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