European Union, Donald Trump and Trade Deal
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Brussels was expected to finalise its probe into the social media platform before the EU’s summer recess but will miss this deadline, according to three officials familiar with the matter. They noted that a decision was likely to follow after clarity emerged in the EU-US trade negotiations. “It’s all tied up,” one of the officials added.
The European Commission has stalled one of its investigations into Elon Musk's social media platform X for breaching its digital transparency rules while it seeks to conclude trade talks with the U.S.
It comes as US President Donald Trump threatens to impose 30% tariffs on imports from the European Union and Mexico.
The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.
EU trade chief Maros Sefcovic headed to Washington on Wednesday for tariff talks, an EU spokesperson told Reuters, adding that he will meet U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.
The European Union’s top trade negotiator said he intends to speak to his U.S. counterparts Monday, adding he senses a good outcome for both sides.
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Ukrainska Pravda on MSNFive EU countries oppose new trade deal with UkraineAt a meeting of the EU Agriculture Council on 14 July, Poland, Hungary, Slovakia, Bulgaria and Romania expressed their dissatisfaction with a new agreement between Ukraine and the EU which is being drawn up based on the Deep and Comprehensive Free Trade Area (DCFTA).
A growing number of European Union member states want the bloc to activate its most powerful trade tool against the US should the two sides fail to reach an acceptable agreement by Aug. 1 and Donald Trump carries out his threat of 30% tariffs on the US’s largest trading partner.