European Union

April 17, 2025 10:43 AM

The Domino Effect of U.S. Tariffs: Why the World Can’t Ignore Trump’s Tariff War

President Donald Trump’s latest tariff salvo has ignited a fierce global trade war, slapping a 10% baseline tariff on all U.S. imports, with steeper "reciprocal" duties of 104% on China, 49% on Cambodia, 46% on Vietnam, and 20% on the EU, targeting trade surpluses and alleged unfair practices. Once considered allies, countries like Canada face 25% tariffs, prompting swift retaliation and fears of economic fallout. Trump defends the moves as vital for national security and American jobs where t...

April 11, 2025 3:27 PM

No Clear Winner: Xi Jinping responds as China raises tariffs on US goods to 125%

Chinese President Xi Jinping has warned that “there is no winner in a tariff war,” emphasizing that unilateral actions risk isolating nations from the global community. His remarks came during a meeting with Spanish Prime Minister Pedro Sanchez in Beijing on Friday. In a move likely to heighten global economic tensions, China has announced a new round of retaliatory tariffs on US imports, effective from Saturday, raising the total duty to 125%. This follows a decision by US President Donald...

February 27, 2025 9:18 AM

Trump to impose 25 percent tariffs on EU, claims bloc was ‘formed to screw US’

US President Donald Trump has said that his administration has made a decision to impose 25 per cent tariffs on products from the European Union (EU), including cars and claimed that the EU -- a 27-country bloc -- was "formed to screw the US". "We have made a decision. We'll be announcing it very soon, and it'll be 25 per cent generally speaking, and that'll be on cars and all other things," Trump told reporters on Wednesday at a White House Cabinet meeting. The EU is the US's third largest tr...

February 24, 2025 4:46 PM

Ukraine hosts EU leaders as US backing frays three years since invasion

United Nations Secretary-General Antonio Guterres said on Monday that countries must work to bring an end to the Russia-Ukraine war, calling for a just and lasting peace on the third anniversary of Russia's invasion. "We must spare no effort to bring an end to this conflict, and achieve a just and lasting peace in line with the UN Charter, international law and General Assembly resolutions," he told the U.N. Human Rights Council in Geneva. His remarks come ahead of a UN showdown on Ukraine lat...

February 12, 2025 12:59 AM

EU, Canada and Mexico condemn Trump move to hike steel and aluminium tariffs

Mexico, Canada and the European Union on Tuesday condemned U.S. President Donald Trump's decision to impose tariffs on all steel and aluminium imports next month, a move that has fanned fears of a trade war. Trump signed proclamations late on Monday raising the U.S. tariff rate on aluminium to 25% from his previous 10% rate and eliminating country exceptions and quota deals as well as hundreds of thousands of product-specific tariff exclusions for both metals. The measures, due to take effect ...

February 11, 2025 11:40 PM

India and France can make a difference amid fast-changing global economy: EAM Jaishankar

External Affairs Minister (EAM) S. Jaishankar on Tuesday emphasized that India and France can play a significant role in shaping the fast-evolving global economy, including by inspiring the European Union (EU). Speaking at the India-France CEO Forum in Paris, Jaishankar stressed the need for diversified production, reliable and resilient supply chains, and deeper business collaborations to meet the challenges of an ever-changing world. “This applies as much to manufacturing as it does to hea...

February 6, 2025 9:19 AM

Year begins with warmest January despite shift towards cooling La Nina

Last month was the world's warmest January on record, continuing a streak of extreme global temperatures despite a shift towards the cooling La Nina weather pattern, European Union scientists said on Thursday. January extended a run of extraordinary heat, in which 18 of the last 19 months saw an average global temperature of more than 1.5 degrees Celsius above pre-industrial times, the EU's Copernicus Climate Change Service (C3S) said in a monthly bulletin. That was despite the world shifting ...

January 5, 2025 3:45 PM

Former Greek Prime Minister Simitis dies aged 88

Former Greek Prime Minister Costas Simitis, who ushered the country into the European Union's single currency in 2001, died on Sunday aged 88 at his summer house in the Peloponnese. “With sadness and respect, I bid farewell to Costas Simitis, a worthy and noble political opponent, but also the Prime Minister who accompanied Greece in its great national steps,” Greek Prime Minister Kyriakos Mitsotakis said in a statement. The government proclaimed four days of mourning and said his funeral ...

December 4, 2024 6:53 PM

Crunch time in France as lawmakers look set to oust Barnier’s government

French lawmakers are all but certain to oust the governmentwith a no-confidence motionon Wednesday, plunging the euro zone's second-biggest economic power deeper into political turmoil. Barring a last-minute surprise, Prime Minister Michel Barnier's government will be France's first to be forced out by a no-confidence vote in more than 60 years, at a time when the country is struggling to tame a massive budget deficit. That would leave a hole at the heart of the European Union at a time when G...

October 28, 2024 8:22 PM

“Spain is an important partner within European Union”: MEA

India on Monday emphasized its deepening partnership with Spain, particularly in trade, investment, and defense, describing Spain as a key partner within the European Union (EU). Tanmaya Lal, Secretary (West) of the Ministry of External Affairs, highlighted Spain’s strategic importance while addressing a special briefing during the official visit of Spanish Prime Minister Pedro Sanchez to India. "Spain is an important partner within the European Union. It held the EU presidency last year, is ...