The European Union is reportedly prepared to finalize a trade agreement with the United States before the looming July 9 deadline set by President Donald Trump, aimed at averting a threatened 50 percent tariff increase on EU exports. However, European Commission President Ursula von der Leyen has underscored that “all options remain on the table,” […]
EU Poised for Trade Deal with U.S. Ahead of July 9 Deadline Read More »
As the Trump administration revives its aggressive trade posture, non-tariff barriers have come to the center of U.S. trade demands. This week, the Office of the United States Trade Representative (USTR) has ramped up pressure on the European Union, urging it to scrap key environmental regulations that the U.S. sees as unfair obstacles to trade—most
USTR Pressures EU to Dismantle Green Regulations in Exchange for Tariff Relief Read More »
Saudi Arabia has coordinated a new oil production increase with its OPEC+ partners, including Russia, marking a significant departure from recent supply restraint policies. The move comes amid growing concerns about a global economic slowdown and increasing uncertainty in international trade, particularly in the context of escalating tariff tensions. The production hike, described as a
Saudi Arabia Pushes OPEC+ Oil Output Hike as Prices Slide and Global Demand Weakens Read More »
Republican U.S. Senator Tom Cotton has joined a group of U.S. lawmakers in voicing strong opposition to the European Union’s Deforestation-Free Regulation (EUDR), arguing that it places unfair burdens on American industries and threatens billions of dollars in exports. In a letter to U.S. Trade Representative Katherine Tai, Cotton and his colleagues warned that the EU’s
U.S. Senator Tom Cotton lashes out at EU deforestation rules Read More »