Tag Archives: European Union

Bessent made these observations shortly after Russia conducted its most extensive aerial assault since the war began. US Treasury Secretary Scott Bessent has called on the European Union to join America in adding pressure on Russia, and indicating possibility of more tariffs on countries buying Russian crude oil. The Donald Trump administration has already imposed 25% additional tariffs on India …

The United States and the European Union have reached a trade agreement under which EU exports will be subject to a 15 percent tariff, easing tensions in a tariff dispute that risked escalating into a full-blown trade war. Following a high-stakes meeting at his golf resort in Scotland, U.S. President Donald Trump hailed the deal as the “biggest-ever.” The agreement, …

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to harm European industries more than its intended targets, including India. “There is a lot of opposition to CBAM in the EU also. EU’s infrastructure will become costlier. EU’s housing will …

US stock markets edged lower Monday after President Donald Trump announced sweeping new tariffs on goods from the European Union and Mexico, raising concerns about renewed trade tensions. Despite the early pullback, major indexes remained near record highs as investors assessed the likelihood of a negotiated outcome before the August 1 deadline.The S&P 500 slipped 0.1% in early trade, while …

Global stock markets fell on Wednesday as optimism over eased trade tensions dissipated, with the Hang Seng Index among those closing lower. Oil prices surged as Washington signaled a potential new round of sanctions on Moscow over the Ukraine conflict.On Wall Street, all three major indexes ended the day down ahead of earnings from AI giant Nvidia. Despite tighter export …

European shares opened higher and U.S. futures surged after U.S. President Donald Trump announced a delay in imposing a 50 per cent tariff on European Union goods. Meanwhile, most Asian markets declined, with the Hang Seng Index in Hong Kong dropping 1.4 per cent to 23,282.33.Trump said the tariff hike would now be pushed back to July 9 following a …

NEW DELHI: India and the European Union have concluded the 11th round of negotiations on their proposed Free Trade Agreement (FTA), reportedly agreeing to pursue a two-stage approach to finalise the deal, an official source, quoted by news agency PTI confirmed on Sunday.“The 11th round of talks concluded on May 16,” the official said, quoted by news agency PTI. This …

Help Wanted. Looking for American researchers. As President Trump cuts billions of federal dollars from science institutes and universities, restricts what can be studied and pushes out immigrants, rival nations are hoping to pick up talent that has been cast aside or become disenchanted. For decades, trying to compete with American institutions and companies has been difficult. The United States …

As the Trump administration slashes support to research institutions and threatens to freeze federal funding to universities like Harvard and Columbia, European leaders are offering financial help to U.S.-based researchers and hoping to benefit from what they are calling a “gigantic miscalculation.” “Nobody could imagine a few years ago that one of the great democracies of the world would eliminate …

Insulin, heart treatments and antibiotics have flowed freely across many borders for decades, exempt from tariffs in a bid to make medicine affordable. But that could soon change. For months, President Trump has been promising to impose higher tariffs on pharmaceuticals as part of his plan to reorder the global trading system and bring key manufacturing industries back to the …