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European Union approves tariffs on US goods starting April 15

The European Union has officially approved its first set of retaliatory tariffs on U.S. imports in response to recently imposed American duties on steel and aluminum. The move, announced by the European Commission on Wednesday, comes amid escalating trade tensions and is set to

EU responds to US tariffs with industrial goods offer

The European Commission has formally proposed a zero-tariff agreement on all industrial goods with the United States, signaling a renewed push to de-escalate transatlantic trade tensions. The offer was confirmed by European Commission  President Ursula von der Leyen, who also warned of potential

EU automakers urge leaders to restore trade stability

European automakers have urged the European Union and United States to resolve escalating trade tensions swiftly, citing growing risks to jobs, industrial investment, and transatlantic economic cooperation. The call follows heightened concerns within the automotive industry over the potential fallout from ongoing disputes affecting the

Business Europe pushes for rules-based response to US tariffs

The United States’ decision to impose an additional 20 percent tariff on products imported from the European Union (EU) has drawn strong criticism from BusinessEurope, the continent’s largest business organization. Speaking from Brussels on April 3, 2025, BusinessEurope Director-General Markus J. Beyrer warned that the unilateral move threatens

Egypt, Jordan to receive key EU financial support

The European Parliament has approved substantial financial aid packages for Egypt and Jordan, amounting to €4 billion and €500 million respectively, in a move aimed at reinforcing economic stability and supporting key reforms in both nations. The decision was made during a vote on April 1,

European Commission plans to expand Europol’s powers across EU

The European Commission has unveiled plans to significantly expand the mandate of Europol as part of a broader strategy to reinforce internal security across the European Union. Announced in Brussels on April 1, 2025, the initiative is aimed at enhancing law enforcement capabilities amid evolving geopolitical threats,

Inflation fears and trade tensions pull S&P 500 to weekly low

U.S. stock markets closed sharply lower on Friday, weighed down by hotter-than-expected inflation data and renewed concerns over tariff policies under President Donald Trump. The Dow Jones Industrial Average dropped 590 points, or 1.6%, while the S&P 500 lost 1.6% and the Nasdaq Composite fell 2.2%, extending a