EU

President Donald Trump has threatened a 100% tariff on goods from any country, particularly targeting European nations, that implement taxes on digital services provided by US companies. This escalation comes as countries seek revenue in increasingly digital economies, with unresolved tensions over digital tax regulations.

Europol reported a significant rise in organised crime within the EU, identifying 731 active criminal networks comprising over 400,000 members. Drug trafficking remains predominant, with cybercrime rapidly increasing. Law enforcement aims to dismantle these networks by targeting their financial structures and promoting cross-border collaboration.

European Investment Bank President Nadia Calviño urged European Council President António Costa to prioritise the Savings and Investments Union, stressing the need for new frameworks to redirect savings into innovative businesses, aiming to enhance Europe’s competitiveness ahead of the informal European Council on 12 February.

Council of Europe chief Alain Berset urged European nations to provide budgetary support for a special tribunal to prosecute crimes of aggression in Ukraine, emphasizing the need for accountability amid ongoing peace talks and highlighting financial challenges in establishing the court.

The European Union is set to sign a memorandum of understanding with the United States and Japan to enhance critical minerals supply chain security within 30 days, according to Stéphane Séjourné, the EU’s industry chief. This partnership addresses urgent supply dependencies revealed in a recent EU audit.

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