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EU
German MEP Engin Eroglu warned that restricting Chinese access to the EU market could destabilise China’s export-driven economy. With an unprecedented €1 billion deficit in 2026, the European Commission plans unilateral measures, including tariffs and quotas, to protect industries from the surge of low-cost imports.
The European Commission has submitted a list of EU products to the US, seeking exemptions from the 15 per cent tariffs established under the 2025 trade deal. Key items include Roquefort cheese, olive oil, and machinery, representing approximately €150 billion in exports.
EU DRONE DEAL
Today, Europe finalises a new drone production agreement with Ukraine.
This strategy aims to enhance defence capabilities amid ongoing tensions.
EUROPE MORNING BRIEFING
The European Commission has delayed a proposal to permanently ban Russian oil imports, impacting energy markets this morning. Tensions with Hungary and Slovakia persist over the Druzhba pipeline amid ongoing geopolitical challenges.
EUROPE MORNING BRIEFING
Hungary’s Foreign Minister Péter Szijjártó confirmed ongoing communications with Russian counterpart Sergei Lavrov during EU meetings. The European Commission has requested clarification amid rising political tensions ahead of Hungary’s parliamentary elections.
EUROPE MORNING BRIEFING
This morning, the European Commission confirmed provisional application of the Mercosur trade deal from 1 May, linking the EU with Argentina, Brazil, Paraguay, and Uruguay, despite ongoing legal challenges in the European Parliament.
EUROPE MORNING BRIEFING
This morning, European Commission President Ursula von der Leyen finalised a free-trade agreement with Australia, significantly reducing tariffs on EU goods and farm exports, with projected annual savings of €1 billion for the bloc.
EUROPE MORNING BRIEFING
The European Commission has requested clarification from Budapest this morning regarding reports of Hungarian foreign minister Péter Szijjártó briefing his Russian counterpart Lavrov on confidential EU Council meetings.
This has caused significant uproar within the bloc.
EUROPE MORNING BRIEFING
Italian Prime Minister Giorgia Meloni conceded defeat in a judicial reform referendum this morning, with 55% of voters rejecting the proposed changes. Meloni stated she will not resign and will continue to serve her mandate.
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