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The European Union's top official on Tuesday called into question US President Donald Trump's trustworthiness, saying that he had agreed last year not to impose more tariffs on members of the bloc. The European Union and the United States have agreed to a trade deal last July. And in politics as in business a deal is a deal. And when friends shake hands, it must mean something, European Commission President Ursula von der Leyen said. In a speech at the World Economic Forum in Davos, Von der Leyen said that Trump's planned new tariffs over Greenland are a mistake especially between long-standing allies.
India and the European Union are set to announce the conclusion of a free trade agreement, firming up of a defence partnership pact and a framework for mobility of Indian professionals at the summit talks next week, diplomatic sources said on Monday. European Council President Antonio Costa and European Commission President Ursula von der Leyen will be the chief guests at the Republic Day celebrations on January 26, and the India-EU summit will be held the next day. A military contingent from the EU, featuring the military staff flag and flags of Operations Atalanta and Aspides, the naval operations of the grouping, will feature at the Republic Day parade. It will be the EU's first participation in such an event outside of Europe, the sources said. Pressing global challenges, including the Russia-Ukraine war, the situation in the Middle East and the political developments in Venezuela, will be among the global issues that the two sides are likely to delve into at the summit, they .
The European Commission has fined luxury fashion houses Gucci, Chlo and Loewe over 157 million euros (nearly USD 183 million) for anti-competitive practices restricting independent retailers' ability to set prices for their luxury goods. The Commission said the companies' fixing of resale prices breached the bloc's competition rules, harmed consumers and would not be accepted. The decision sends a strong signal to the fashion industry and beyond that we will not tolerate this kind of practice in Europe, and that fair competition and consumer protection apply to everyone, equally,' commission vice president Teresa Ribera said in a statement on Tuesday. The commission said that the three brands restricted the ability of independent retailers to set their own prices for high-end apparel, leather goods, footwear and accessories sold both online and in physical stores. The brands required the retailers to stick to recommended retail prices, set maximum discount rates as well as periods
European Commission President Ursula von der Leyen on Wednesday said she plans to seek sanctions and a partial trade suspension against Israel over the war in Gaza. The 27-nation EU is deeply divided in its approach to Israel and the Palestinians, and it's unclear whether a majority will be found to endorse the sanctions and trade measures. Von der Leyen added that the commission will set up a Palestine donor group next month, part of which will focus on Gaza's future reconstruction. Von der Leyen said that the events in Gaza and the suffering of children and families has shaken the conscience of the world. Man-made famine can never be a weapon of war. For the sake of the children, for the sake of humanity. This must stop, she added, to applause in the European Parliament at its meeting in Strasbourg, France.