Page 22 - European Union

India, EU to negotiate FTA by year-end, says German envoy Ackermann

I think there is a dedication, commitment to the FTA between India and Europe, he said

EU Special Envoy for Space says keen to deepen cooperation with India

Deelan noted that India and the EU can do a lot of things together as they are both top-tier space-faring nations

Xi Jinping calls on EU to oppose US 'bullying' amid escalating trade war

China has retaliated against US tariffs by imposing 125 per cent additional tariffs on American goods

US, EU trade talks moving forward with 'India first' approach: Piyush Goyal

Amid Trump's tariff threats looming across the world, Goyal further stated that India does not negotiate under pressure

EU will put tariff retaliation on hold for 90 days to match Trump's pause

The European Union's executive commission said Thursday it will put its retaliation measures against new US tariffs on hold for 90 days to match President Donald Trump's pause on his sweeping new tariffs and leave room for a negotiated solution. European Commission President Ursula von der Leyen said that the commission, which handles trade for the 27 member countries, took note of the announcement by President Trump. New tariffs on 20.9 billion euros ($23 billion) of US goods will be put on hold for 90 days because we want to give negotiations a chance, she said in a statement. But she warned: If negotiations are not satisfactory, our countermeasures will kick in. Trump imposed a 20% levy on goods from the EU as part of his onslaught of tariffs against global trading partners but has said he will pause them for 90 days to give countries a chance to negotiate solutions to US trade concerns.

EU chief hails Trump's tariff pause, stays quiet on bloc's retaliatory plan

European Commission President Ursula von der Leyen on Thursday welcomed President Donald Trump's decision to temporarily halt most US tariffs, but she did not say whether the European Union intends to press ahead with its own retaliatory measures. I have authorised a 90 day PAUSE, Trump said, after recognising the more than 75 countries that he said have been negotiating on trade and had not retaliated against his latest increases in tariffs. Countries subject to the pause will now be tariffed at 10%. The EU's rate was 20%, but it was not entirely clear how the 27-nation bloc would be impacted. China was not included. Trump further jacked up the tax rate on Chinese imports to 125%. Von der Leyen described the halt on reciprocal tariffs as an important step towards stabilising the global economy. Clear, predictable conditions are essential for trade and supply chains to function. Before Trump's announcement on Wednesday, EU member countries voted to approve retaliatory tariffs on $2

Slovakia 'fully' backs India's bid to become new permanent member of UNSC

President Murmu acknowledged Slovakia's "unwavering support" in evacuating Indian students from Ukraine during the Russia-Ukraine conflict, strengthening the bond between the two nations

China, EU hit back with their own tariffs as Trump's trade war intensifies

China announced a tariff hike on US imports to 84 per cent from 34 per cent, shortly after Trump's punitive 104 per cent tariffs on Chinese imports kicked in on Wednesday

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