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Europe News
EU and US trade chiefs to meet as tariff tensions escalate
The Turnberry deal is still under negotiation between EU governments and lawmakers before it can take effect on the EU side, and the Commission warned that if the US takes actions deemed inconsistent with the agreement, it reserves the right to consider all options.
Europe Today
Donald Trump's EU car tariffs ‘targeting Germany,’ says key German MEP
German MEP Bernd Lange said US President Donald Trump’s threat to impose 25% tariffs on EU cars appears to target Germany, following Chancellor Friedrich Merz’s criticism of the US stance on Iran. However, the move would likely breach the EU–US trade agreement reached last summer.
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Europe News
China hawks are gaining ground in the Commission
The European Commission's services are sizing up tools to counter Chinese rivals, including the Anti-Coercion Instrument. But despite mounting pressure from Beijing, the issue is still in its early stages — and EU member states remain divided.
United Arab Emirates
UAE leaves OPEC, citing national interest in 'a new energy age'
The UAE’s historic decision is a major blow to the alliance of oil producers, just as the global energy crisis is escalating over Iran’s blockade of the Strait of Hormuz, but the Gulf state insists its decision “enhances the UAE’s ability to respond to evolving market needs."
Europe News
'Made in Europe' law should be limited to nearby countries, MEP says
French liberal MEP Christophe Grudler, who will lead negotiations on a “Made in Europe” law in the European Parliament, told Euronews the European preference proposed by the European Commission to counter foreign competition in the EU market extends to too many non-EU countries.
Economy
UK inflation hits 3.3% as Iran war drives energy costs higher
British consumer prices rose at a faster pace in March, reaching 3.3% as the ongoing Iran war sent fuel prices soaring. The data has forced markets to reassess expectations for the Bank of England, with a previously anticipated interest rate cut next week now looking very unlikely.
Europe News
Exclusive: EU chemical producers seek probe into Chinese rival
European chemical producers want the Commission to launch a probe into Chinese LB Group as it seeks to purchase a competitor’s plant in the UK to export to the EU, according to sources. The group fears it could be used to get around anti-dumping duties.
Europe News
EU cracks down on Chinese goods bypassing tariffs via Belt and Road
The European Commission has targeted glass fibre produced by Chinese firms using the Belt and Road initiative to bypass EU trade defences. However industry and unions warn the measures fall short and imports may continue to rise.
Europe News
Péter Magyar walks line between Brussels and Beijing on China trade
The Hungarian leader, who won a landslide election last Sunday, does not plan a major policy reversal on Hungary's trade relation with China. However, he has pledged to align more closely with EU rules, balancing ties with Beijing and growing pressure from Brussels.
