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The Latest Breaking News from Valdis Dombrovskis

Political pressure mounts on Belgium to back reparations loan for Ukraine

Support for a €140 billion reparations loan to Ukraine is intensifying, but Belgium is holding its ground. Talks with the European Commission have stalled and failed to deliver any progress.

Euronews

China And US Agree To Fresh Trade Talks

China and the United States agreed Saturday to conduct another round of trade negotiations in the coming week, as the world's two biggest economies seek to avoid another damaging tit-for-tat tariff battle.

International Business Times

US Treasury Chief To Speak With China Counterpart As Tensions Flare

US Treasury Secretary Scott Bessent is set to speak Friday with Chinese Vice Premier He Lifeng, an official from President Donald Trump's administration told AFP -- as Washington works to rally allies to respond to Beijing's rare earth curbs.

International Business Times

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Ukraine war briefing: ‘Bit of a process’ but India will give up Russian oil, Trump claims

US president says Narendra Modi, India’s prime minister, has given him an assurance; EU to work on G7 leaders about Russian assets. What we know on day 1,331

The Guardian - AU

EU Economy Chief Urges G7 To Join Plan Tapping Russia Assets For Ukraine

The EU will urge G7 partners to consider tapping immobilized Russian assets in aiding Ukraine, the bloc's economy commissioner told AFP on Wednesday, as finance ministers of the group convene in Washington.

International Business Times

G20 Nations Agree Central Bank Independence 'Crucial'

The G20 finance ministers stressed Friday that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell.

International Business Times

G7 Finance Chiefs Push For Consensus Despite Trump Tariffs

G7 finance leaders played down their differences Thursday, despite turmoil from US President Donald Trump's wide-ranging tariffs, and sought common ground on Ukraine as talks in Canada entered the final hours.

International Business Times

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Eurozone growth forecasts cut amid uncertainty over Trump trade war

Impact of tariffs demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European Commission

The Guardian - UK

Trump Tariffs Force EU To Cut 2025 Eurozone Growth Forecast

The EU on Monday sharply cut its eurozone economic growth forecast for 2025 because of global trade tensions sparked by US President Donald Trump's sweeping tariffs.

International Business Times

Trump Tariff Promises Get A Reality Check

A gathering of global economic leaders in Washington wraps up Saturday with tariff talks between the United States and partners still unresolved -- and anxiety building over the state of the global economy.

International Business Times

EU Trade Commissioner to travel to the US on Monday for trade talks

EU Trade Commissioner Maroš Šefčovič will travel to the US on Monday for high-level meetings with counterparts, the Commission confirmed on Friday.

Euronews

EU executive plans a major reset of economy as critics fear climate will suffer

The European Union has announced plans for a major revamp of its economic strategy to meet demands of the bloc’s captains of industry

The Independent UK

Questions raised over Lord Mandelson’s work with Chinese ‘influence operation’

New ambassador to US and his consultancy firm under spotlight over links to agency said to have aim of co-opting western businesspeople

The Guardian - UK

Beijing Files WTO Complaint Over EU's New Taxes On Chinese EVs

Beijing said Wednesday it had lodged a complaint with the World Trade Organization over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

International Business Times

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Radio France Internationale

Beijing files WTO complaint over EU's new taxes on Chinese EVs

Beijing said Wednesday it had lodged a complaint with the World Trade Organisation over the European Union's decision to impose hefty tariffs on Chinese-made electric cars.

Al Jazeera

EU hikes tariffs on Chinese EVs, prompting rebuke from Beijing

China’s Commerce Ministry promises to take ‘all necessary measures’ to protect the interests of Chinese firms.

Radio France Internationale

EU, China hold 'constructive' talks on electric vehicle tariffs but still no agreement

EU Trade Commissioner Valdis Dombrovskis reported positive progress in discussions with Chinese Commerce Minister Wang Wentao on Thursday. The talks come as China aims to negotiate an agreement with the European Union to prevent the imposition of high tariffs on electric vehicles (EVs) exported to EU countries.

Radio France Internationale

Carmakers unhappy after EU hits China with tariffs on electric vehicles

The European Union has slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war. But company reps in both China and Europe are critical of the steps.

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The Guardian - UK

EU brushes aside risk of China trade war over electric vehicle tariffs

Higher levies on Chinese EV imports to come into force despite carmakers’ fears of retaliation

International Business Times

EU Slaps Chinese Electric Cars With Tariffs Of Up To 38%

The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of "unfair" state subsidies, despite Beijing's warnings the move would unleash a trade war.

International Business Times

China And EU To Initiate Discussions On Subsidies For Electric Vehicles

Last week, the EU threatened Chinese electric vehicle (EV) manufacturers with tariffs of up to 38%, effective from July 4.

Radio France Internationale

EU agrees 'prohibitive' tariffs on Russia, Belarus grain imports

European Union states on Thursday agreed to hike tariffs on grain imports from Russia and Belarus in a bid to cut off revenues to Moscow for its war on Ukraine.

International Business Times

EU Eyes Tariffs To 'Choke Off' Russian Grain Sales

The EU is looking to "choke off" revenue Russia uses for its war on Ukraine by slapping "prohibitive tariffs" on grain and related imports into the bloc, under a plan being put to a leaders summit on Friday.

AAP

Australia open to resuming stalled EU trade talks

Despite talks between the European Union and Australia for a free trade deal falling over, the Albanese government is willing to head back to the drawing board.

International Business Times

US-EU Steel Talks In Limbo As Elections Loom

The United States and the European Union remain far from resolving a gridlock on their trade in metals, even as both sides agreed to extend a truce this week ahead of a year-end deadline.

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