Browsing: Brussels

The European Union’s sanctions on Russia, intended to undermine its war efforts in Ukraine, are showing signs of impact. Russia’s economy contracted by 0.3% early this year, with a ballooning public deficit and rising inflation, prompting officials, including President Putin, to seek measures for economic recovery.

Negotiations on the EU-US trade deal remain stalled, as the European Commission reported “progress” after late-night talks with MEPs and member state officials. Despite this, divisions persist over tariff safeguards, with further discussions scheduled for 19 May amid renewed US tariff threats.

US President Donald Trump has set a 4 July deadline for the European Union to implement its trade deal, warning of “much higher tariffs” if not met. This ultimatum follows a phone call with European Commission President Ursula von der Leyen, amid ongoing negotiations and rising tensions over trade commitments.

EU negotiators are under pressure as they enter critical trade talks with the US, amidst heightened tariff threats from President Donald Trump. German MEP Bernd Lange and the Cypriot EU presidency strive to finalise a summer deal, yet internal divisions complicate the process, raising uncertainties for European businesses.

Catalan Minister Jaume Duch praised Madrid’s diplomatic stance, asserting Spain’s early criticism of US actions, particularly regarding Iran, demonstrates its leadership within Europe. Duch emphasised the necessity for closer ties between regional governments and EU institutions to address local challenges more effectively, supporting greater autonomy for Catalonia.

Trade tensions between China and the European Union are escalating, as Beijing urges EU states to reconsider the “Made in Europe” legislation. This proposal aims to restrict foreign access to EU public procurement, drawing sharp criticism from China, which threatens countermeasures if deemed discriminatory.

Hungary has returned $40 million and 9kg of gold to Ukraine’s Oschadbank, seized during a March raid amid diplomatic tensions. President Zelenskyy lauded this as a crucial step in improving relations, following Hungary’s lift of a veto that previously stalled EU financial support for Ukraine.

EU Trade Commissioner Maroš Šefčovič on Tuesday urged the US to adhere to the EU-US trade deal established in Turnberry, as tensions rise over proposed US tariffs on EU cars. Šefčovič emphasised the need for a swift return to a 15% tariff cap amid ongoing negotiations.

European Commissioner for Trade Maroš Šefčovič is in Paris for critical discussions with US Trade Representative Jamieson Greer amid rising tensions over US tariff threats on European cars. French MEP Aurore Lalucq voiced scepticism towards US trustworthiness following a contentious trade deal, with further negotiations planned.

TROOP REDUCTIONS
US announces further cuts to its troop presence in Germany, raising concerns among NATO allies.
Reactions suggest potential instability in European security dynamics.