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The Latest Breaking News from Olof Gill

China hits EU with 42.7% tariff on dairy imports

Beijing will slap tariffs of up to 42.7% on EU dairy products, citing unfair subsidies and escalating a tit-for-tat trade dispute triggered by EU action on Chinese electric vehicles.

Euronews

European Commission turns up pressure on France over Mercosur deal

France wants to delay member states’ vote on the agreement amid mounting farmer anger. But the EU executive says a shifting global geoeconomic landscape makes the deal urgent.

Euronews

Europeans largely skip Latin American summit under Donald Trump's shadow

Top European leadership is set to skip the EU-CELAC summit on Sunday marked by tensions between the United States and Colombia. Donald Trump is also pursuing an aggressive policy on Venezuela, with Nicolás Maduro in focus. Europeans cite low attendance to cancel summit participation.

Euronews

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European Union welcomes suspension of China's rare earth controls

The European Union says it has reached an agreement with China to stabilize the flow of rare earth materials crucial for high-tech and military products

The Independent UK

European Commission wary of China’s export control plans over key tech components

The EU executive was unable to confirm on Monday whether China had lifted all export controls on rare earths and Nexperia chips for European industries.

Euronews

EU cautiously welcomes Trump-Putin meeting in Budapest but experts remain sceptical

A spokesperson for Ursula von der Leyen said any meeting toward a just peace is welcome but mainstream EU political parties and experts alike are divided on the benefits of the talks.

Euronews

EU vows to protect Spain from Trump's tariff 'punishment' over NATO spending

Donald Trump has threatened to unleash "trade punishment" on Spain in response to the country's refusal to meet NATO's 5% target.

Euronews

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EU Proposes New Delay To Anti-deforestation Rules

The EU said Tuesday it will seek a new one-year delay to sweeping anti-deforestation rules cheered by green groups but assailed by key trading partners from the United States to Indonesia.

International Business Times

EU 'closely' monitors possible trade impact of Poland-Belarus border closure

The closure of all crossing points between Poland and Belarus has interrupted a traditional trade route between the EU and China.

Euronews

EU urges China to drop sanctions on Lithuanian banks amid tensions over Russia and Taiwan

The EU has demanded Beijing revoke "unjustified" sanctions on two Lithuanian banks in a dispute also rooted in long-standing tensions over Taiwan.

Euronews

EU and US closer to finalising trade deal text as Washington sends back suggestions

The technical details of the tariff exemptions are long overdue, but the European Commission is optimistic that the text will be finalised soon.

Euronews

The EU urges China to lift 'unjustified' sanctions on Lithuanian banks

The European Union is urging China to revoke sanctions on two Lithuanian banks

The Independent UK

With fewer than 10% answered: Are European Citizens' Initiatives missing the mark?

Despite being designed to give citizens a voice in EU policymaking, the European Citizens’ Initiatives are struggling to gain traction, with only 10 out of 144 proposals receiving a response from the European Commission.

Euronews

Who got the best trade deal with the US - the EU or UK?

The EU and UK both concluded trade agreements with the US almost three months apart setting new tariffs on their imports. According to the Commission, the EU got the better deal.

Euronews

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Radio France Internationale

EU suspends retaliatory tariffs as it finalises US trade deal

The European Union has suspended retaliatory tariffs on US goods worth €93 billion, after reaching a last-minute deal with Washington.

Euronews

EU Commission to suspend retaliation against US tariffs by another six months

As the EU and the US continue negotiating a joint statement to formalise their tariff deal, the EU executive is again postponing a package of countermeasures that were due to enter into force on 7 August.

The Independent UK

The Latest: Trump extends Mexico trade talks for 90 days, while Aug. 1 deadline nears for others

President Donald Trump said Thursday that there would be a 90-day negotiating period with Mexico after a call with that country’s leader, Claudia Sheinbaum, as the 25% tariff rates stay in place

The Independent UK

European Union assumes its faces 15% tariffs in the US from Friday. But a key text still isn't ready

The European Commission says it presumes the United States will impose a 15% tariff on most EU exports from Friday

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Euronews

The EU holds its breath as 1 August US tariff deadline looms

The EU Commission expects the US to keep its word and implement new tariff rates agreed on Sunday. Without a joint statement, it hopes that forthcoming US executive orders will provide relief to sectors heavily impacted since the start of the trade dispute.

Euronews

EU and US spin conflicting versions of trade deal, sowing confusion

The European Commission and the White House are making contradictory claims about the content and scope of the EU-US trade deal.

International Business Times

EU Turns Up Pressure With Trump Trade Deal 'In Reach'

With the contours of a hard-fought EU-US trade deal taking shape, the European Union is flexing its muscles in a bid to squeeze concessions from US President Donald Trump in the run-up to his deadline of August 1.

Euronews

EU-US trade talks near 15% tariff deal, Brussels remains ready to retaliate

The European Commission and member states are discussing the possible use of the anti-coercion instrument, which would allow the bloc to target digital and financial services in the event of a failure to reach a deal with the US on tariffs.

International Business Times

EU Threatens US Planes And Whiskey While Pressing For Deal

Brussels plans to target US goods including planes, cars and whiskey if trade talks with Washington fail, according to a list seen by AFP on Tuesday, as the bloc renewed its push for a deal.

Euronews

EU Commission bewails 'unfair' Chinese Cognac duties

Trade relations between the EU and China have flared up, complicating arrangements for forthcoming bilateral summit taking place in Beijing at the end of July.

Euronews

EU trade chief to meet US counterpart in Paris amid increased tariff tensions

Despite rising tensions, the Commission still hopes to restart negotiations with the US over customs duties.

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