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The Latest Breaking News from European Union

EU flags stronger partnership with South Africa with €4.7bn investment

European Commission President Ursula von der Leyen has announced a €4.7 billion investment package for South Africa, on her visit to the country for the EU-South Africa summit, with the country's President Ramaphosa welcoming consolidated cooperation.

Radio France Internationale

Tariff Worries Sink Stocks

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -1.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.89%. March E-mini S&P futures (ESH25 ) are down -1.16%, and March E-mini Nasdaq futures...

Barchart

Trump Tariff Threat Leaves Sour Taste For European Drinks Producers

President Donald Trump's threat to impose a 200 percent tariff on many European Union alcohol imports, amid a spiralling trade war, will hit a market worth $10 billion to EU producers in 2023, according to World Trade Organisation figures.

International Business Times

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US wine shops and importers say Trump's threatened 200% tariff on European wines would kill demand

The U.S. is suddenly looking less bubbly for European wines

The Independent UK

Dollar Gains and Gold Posts a Record High on Tariff Anxiety

The dollar index (DXY00 ) Thursday rose by +0.19%. The dollar rose Thursday on a possible trade war escalation that would boost inflation and keep the Fed's policy restrictive. President Trump threatened to enact a 200% tariff on European wine, champagne, and other alcoholic beverages late Thursday if the EU...

Barchart

France leads Europe’s big five in pushing for stronger Ukraine defence

The defence ministers of Europe's five major powers—France, Germany, the United Kingdom, Poland, and Italy—convened in Paris and reached broad consensus on the necessity of strengthening Ukraine's long-term security by enhancing its armed forces. Meanwhile, Germany's Chancellor-elect, Friedrich Merz, is in discussions with MPs regarding a significant increase in defence…

Radio France Internationale

Trump's Threatened 200 Percent Tariffs on European Booze Are His Least Sensible Trade Move Yet

It would make American consumers poorer and hurt American businesses without any promise of benefits.

Reason

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UK food and drink exports to the EU down 34% since Brexit

Food and Drink Federation say businesses are struggling to deal with added ‘complexity and bureaucracy’

The Guardian - UK

Trump vows 200% retaliatory tariff on European wine and spirits

Warning comes after EU announced retaliatory tariffs on $28bn of US goods in response to US levies on steel, aluminium.

Al Jazeera

EU needs ‘strategic approach’ over alcohol tariff dispute, Martin says

Irish premier Micheal Martin has called for the EU to adopt a ‘strategic approach’ around US tariffs.

The Independent UK

Some universities are freezing hiring as Trump threatens federal funding

Universities across the U.S. have announced hiring freezes due to the risk of federal funding cuts under President Donald Trump’s administration

The Independent UK

Boycott USA: Trump’s tariff trade war sparks international movement to reject Uncle Sam

Donald Trump’s ‘America First’ tariffs have encouraged some consumers to leave US goods on the shelf

The Independent UK

EU Backtracks After Trump Threatens 200 Percent Booze Tariff: 'Open For Negotiations'

The European Union is ready to negotiate with the United States over escalating tariffs between the two economic superpowers, European Commission head Ursula von der Leyen said Thursday.

International Business Times

Air passengers’ rights: Are they fit for purpose? Simon Calder lays out what needs to change

No-win, no-fee lawyers oppose any weakening of the current rules – but our travel correspondent says the legislation is absurd

The Independent UK

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The Guardian - UK

‘Wake-up call’: Measles cases doubled in Europe last year, say WHO and Unicef

Joint analysis of measles cases reveals Covid pandemic resulted in misinformation and vaccination delays

Latin Times

These Are Some Iconic Companies That Could Be The Affected By Trump's 200% Tariffs on Alcohol From The E.U.

Trump threatened Thursday to impose 200% tariffs on alcohol from the E.U. in response to the region's retaliatory 50% tariffs on U.S. whiskey.

PC Gamer

If you don't let us scrape copyrighted content, we will lose out to China says OpenAI as it tries to influence US government

The company also tries to frame its scraping as covered by the 'fair use doctrine'.

Barchart

Stocks Slide on Tariff Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.374%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.87%. March E-mini S&P futures (ESH25 ) are down -0.45%, and March E-mini Nasdaq futures...

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Barchart

Dollar and Gold Strengthen on Threats of Additional Tariffs

The dollar index (DXY00 ) today is up by +0.21%. The dollar is climbing today on a possible escalation of the trade war that would boost inflation and keep the Fed's policy restrictive. President Trump threatened to enact a 200% tariff on European wine, champagne, and other alcoholic beverages late...

International Business Times

EU, US Eye Greater Energy Ties Amid Trump Frictions

European and US policy makers are eyeing deeper ties around natural gas even as trade conflict boils and President Donald Trump challenges the long-running transatlantic alliance.

Evening Standard

NI cannot become ‘collateral’ in EU-US trade war, says Little-Pengelly

The deputy First Minister said she had raised ‘the dangers’ for Northern Ireland in any EU-US tariff dispute.

International Business Times

New Corruption Scandal Roils EU Parliament

A new graft scandal rocked the European Parliament on Thursday after police carried out several raids in Belgium and Portugal, detaining multiple suspects as part of a probe into corruption masqueraded as lobbying.

Fortune

Trump threatens 200% tariff on European wine and champagne a day after Europe slapped levies on American whiskey

President Trump accused the EU of being “one of the most hostile and abusive taxing and tariffing authorities in the World."

Evening Standard

Starmer: ‘Tariff war’ with US not in the UK’s national interest

Sir Keir Starmer defended the UK’s decision not to immediately retaliate to Donald Trump’s steel and aluminium tariffs.

The Guardian - US

Donald Trump threatens 200% tariff on EU wine and champagne

US president says levy on alcohol imports would be retaliation for ‘nasty’ 50% tariff imposed on bourbon whiskey

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