News

EU warns US of countermeasures over tariffs negotiations

EU warns of countermeasures against US tariffs; Trump expresses willingness to negotiate before August 1 deadline.

Published

4 months ago

July 15, 2025

ticker NEWS

EU warns of countermeasures against US tariffs; Trump expresses willingness to negotiate before August 1 deadline.

In Short:
– EU accuses U.S. of hindering trade talks; warns of countermeasures.
– Trump plans 30% tariffs starting August 1; expresses openness for negotiations.

The European Union has accused the U.S. of resisting trade deal efforts and warned of countermeasures if an agreement is not reached before President Donald Trump imposes 30% tariffs starting August 1. Trump expressed openness to discussions with the EU and indicated that officials would visit the U.S. for negotiations.The tariff threat escalated over the weekend as Trump announced plans to impose duties on EU and Mexican imports. While the EU has refrained from immediate retaliation, officials acknowledged that they may need to respond if talks fail. Danish Foreign Minister Lars Lokke Rasmussen called the tariffs “absolutely unacceptable,” while EU Trade Chief Maros Sefcovic emphasised the need for collaborative negotiations.

U.S. goods

Italy’s Foreign Minister Antonio Tajani stated that a list of tariffs worth €21 billion on U.S. goods is ready if negotiations do not succeed. Mexican President Claudia Sheinbaum voiced optimism about reaching a security deal before the deadline but clarified that it would exclude U.S. forces entering Mexico.

European stocks dipped in response to the tariff news, with concerns mounting especially in Germany over the impact on exports. Industries are preparing for possible disruptions, with some producers seeking alternative markets if the tariffs are enforced. The urgency to finalise trade agreements has intensified globally as the looming deadline approaches.

News

SoftBank sells Nvidia stake to fund massive AI push

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

Published

8 hours ago

November 12, 2025

ticker NEWS

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

SoftBank has sold its entire $5.8 billion Nvidia stake to double down on artificial intelligence, investing heavily in OpenAI and the colossal $500 billion Stargate data-centre project.

Analysts say it’s Masayoshi Son’s boldest tech gamble yet.

#SoftBank #Nvidia #OpenAI #AI #MasayoshiSon #Stargate #TechNews #Investing #DataCenters #ArtificialIntelligence

News

Senate passes deal to end historic shutdown

Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.

Published

9 hours ago

November 12, 2025

ticker NEWS

Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.

The U.S. Senate has approved a spending bill 60–40 to end the nation’s longest government shutdown, with House support and presidential backing expected.

The package funds key departments through January while adding new privacy safeguards for lawmakers.

#USPolitics #GovernmentShutdown #SenateVote #Congress #Trump #MikeJohnson #Washington #USNews #FederalFunding #CapitolHill

News

Sussan Ley’s leadership tested amid net-zero debate

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

Published

12 hours ago

November 12, 2025

Ahron Young

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

In Short:
– Sussan Ley’s leadership is questioned as the Liberal party debates net-zero emissions amidst internal divisions.
– Moderate MPs warn losing elections if net-zero is abandoned, highlighting urban voter support for a 2050 target.

Sussan Ley’s leadership faces scrutiny as the Liberal party debates a net-zero emissions target.

Conservative members argue she should abandon the goal to maintain her position, while moderates hope for a compromise that aligns with the Paris Agreement.

Leadership contenders like Angus Taylor and Andrew Hastie support staying committed to the Paris Agreement, rejecting a net-zero commitment. Taylor indicated future leadership aspirations are not confirmed.

Pro-net-zero frontbencher Tim Wilson seeks decisive leadership to address the issue. Ley’s lack of internal guidance frustrates moderates, creating uncertainty regarding her stance on net-zero. While some conservatives advocate for its dismissal, others display mixed support.

Liberal party dynamics shift as polling reveals significant opposition to net-zero among constituents. The upcoming party room meeting and shadow ministers gathering will aim to finalise the Coalition’s position.

Internal Divisions

Moderate MPs warn that elections will be lost if net-zero is abandoned, emphasising its importance in urban areas.

A poll indicates strong support for a 2050 net-zero target among voters. Critics of the Nationals’ policy argue it is misguided and incompatible with national interests.

Calls for resignation from frontbench positions are met with opposition. Some representatives voiced frustration over the timing of the meeting, suggesting it should have been resolved earlier.