Page 21 - European Union

EU slaps new tariffs on $23 bn in US goods over Trump's metal duties

European Union member states have voted to approve retaliatory tariffs on USD 23 billion in goods in response to US President Donald Trump's 25 per cent tariffs on imported steel and aluminum. The tariffs will go into effect in stages, with some on April 15 and others on May 15 and Dec. 1. The EU executive commission didn't immediately provide a list of the goods Wednesday. Members of the 27-country bloc repeated their preference for a negotiated deal to settle trade issues: The EU considers US tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy. The EU has stated its clear preference to find negotiated outcomes with the US, which would be balanced and mutually beneficial. The head of the EU's executive commission, Ursula von der Leyen, has offered a zero-for-zero tariffs deal on industrial goods including cars. But Trump has said that's not enough to satisfy US concerns.

After Trump, EU seeks zero tariff from India on car imports: Report

The European Commission declined to comment on specifics but shared a readout of its last round of talks with India in March

Euro rallies alongside safe havens as Trump tariffs rattle markets

The risk-sensitive Australian and New Zealand dollars, as well as the Swedish and Norwegian crowns, all tumbled against the dollar

Trump tariffs could slow euro growth by up to 1%, says Greek central banker

Comments come against the backdrop of European Union countries weighing approval of a first set of targeted countermeasures on up to $28 billion of US imports in coming days

Financial deficits with China, EU can only be cured with tariffs: Trump

Donald Trump also criticised the trade surplus with these countries under former President Joe Biden

EU answer to Trump tariffs may involve data use by big tech, says France

We have several tools at our disposal at the European level: regulatory, fiscal, customs, said French Finance Minister Eric Lombard

EU answer to Trump tariffs may involve data use by big tech, says France

We have several tools at our disposal at the European level: regulatory, fiscal, customs, said French Finance Minister Eric Lombard

India, EU to step up trade talks after US imposes reciprocal tariffs

The geopolitical uncertainties are forcing European nations to scout for new markets, including India, considering it is one of the fastest-growing large economies

EU plans major fine for Musk's X over disinformation, may exceed $1 billion

The penalties, expected this summer, may include a hefty fine and product changes, marking the first enforcement under the EU's Digital Services Act to regulate social media content

TikTok faces fine over $553 million for illegally shipping EU data to China

Ireland's data protection commission, the company's main regulator in Europe, will issue the penalty against TikTok before the end of the month

EU Council President urges faster trade deals with India amid US tariffs

European Council President Antonio Costa voiced full support for the EU Commission's ongoing trade negotiations with the US and highlighted the role of trade in global prosperity

EU-India free trade talks important for both sides, says European official

With backing from leaders like European Commission President Ursula von der Leyen and Prime Minister Narendra Modi, Agotha emphasised the importance of this agreement for both parties

US orders for Indian goods dry up before Trump's 'Liberation Day' tariff

Aside from air cargo, shipments transported by sea arriving after April 2 are likely to be subject to the new tariffs, compounding the uncertainty

Volkswagen, Stellantis, others fined $495 mn over EU recycling cartel

Other penalised members of the cartel included Toyota , Mitsubishi, Honda, Hyundai, Jaguar Land Rover, Mazda, GM, Suzuki and Volvo

EU prepares 'strong plan' to tackle Trump's global tariff threats

The US intends to impose sweeping tariffs on global partners as soon as Wednesday. Trump has said the measures will rectify tariffs as well as non-tariff barriers that he says are unfair

Who is Marine Le Pen: Macron's far-right rival now banned from office

US President Donald Trump and Elon Musk backed the French leader, drawing parallels between Marine Le Pen and Trump's legal troubles

French court finds Marine Le Pen guilty in case over misuse of EU funds

A French court found Marine Le Pen guilty Monday in an embezzlement case but didn't immediately say what her sentence might be and how it might impact the far-right leader's political future. Le Pen and 24 other officials from her National Rally are accused of having used money intended for European Union parliamentary aides to pay staff who worked for the party between 2004 and 2016, in violation of the 27-nation bloc's regulations. Le Pen and her co-defendants deny wrongdoing. The biggest concern for Le Pen is that the court may declare her ineligible to run for office with immediate effect" even if she appeals. That could prevent her from running for president in 2027. She has described such scenario as a political death. The Constitutional Council ruled Friday, in a separate case, that imposing the punishment immediately was constitutional. With so many defendants, the verdict could take several hours for the chief judge to read out. Le Pen was in court. If found guilty, she a

EU plans concessions for Trump administration after reciprocal tariffs hit

EU officials were told at meetings this week in Washington that there was no way to avoid new auto and so-called reciprocal tariffs that Trump is launching next week

India proposes retaliatory tariffs as EU extends steel safeguard measures

India has proposed imposing retaliatory duties under WTO norms on certain goods imported from the EU, as the two sides have failed to reach a consensus on the European Union's restrictive safeguard measures on certain steel products. In a communication to the World Trade Organisation (WTO) dated March 27, India said it "reserves the right to suspend substantially equivalent concessions or other obligations" under a provision of the Agreement on Safeguards, on the EU's trade. The EU's measure has caused an annual trade loss of USD 1.472 billion (2023-2024) to India on which the duty collection (at 25 per cent duty) would be USD 368 million. "The measure has caused a cumulative trade loss of USD 6.92 billion to India since 18 July 2018, on which duty collection would be USD 1.73 billion," the communication said. India and the EU held consultations on March 19, 2025, in online mode on the European Union's move. "India and the EU exchanged views on the measure. The EU and India could

US seeks control over Ukraine investments, sidelining European allies

If accepted, the partnership agreement would bestow enormous power on the US to control investments into Ukraine in projects including roads and railways, ports, mines, oil and gas