-
Kenya's economy faces climate change risks: World Bank
-
Chile's climate summit chief to lead plastic pollution treaty talks
-
Spain, Portugal face fresh storms, torrential rain
-
Opinions of Zuckerberg hang over social media addiction trial jury selection
-
Crypto firm accidentally sends $40 bn in bitcoin to users
-
Dow surges above 50,000 for first time as US stocks regain mojo
-
Danone expands recall of infant formula batches in Europe
-
EU nations back chemical recycling for plastic bottles
-
Why bitcoin is losing its luster after stratospheric rise
-
Stocks rebound though tech stocks still suffer
-
Digital euro delay could leave Europe vulnerable, ECB warns
-
German exports to US plunge as tariffs exact heavy cost
-
Stellantis takes massive hit for 'overestimation' of EV shift
-
'Mona's Eyes': how an obscure French art historian swept the globe
-
In Dakar fishing village, surfing entices girls back to school
-
Russian pensioners turn to soup kitchen as war economy stutters
-
As Estonia schools phase out Russian, many families struggle
-
Toyota names new CEO, hikes profit forecasts
-
Bangladesh Islamist leader seeks power in post-uprising vote
-
Japan to restart world's biggest nuclear plant
-
UK royal finances in spotlight after Andrew's downfall
-
Undercover probe finds Australian pubs short-pouring beer
-
New Zealand deputy PM defends claims colonisation good for Maori
-
Amazon shares plunge as AI costs climb
-
Deadly storm sparks floods in Spain, raises calls to postpone Portugal vote
-
Carney scraps Canada EV sales mandate, affirms auto sector's future is electric
-
Lower pollution during Covid boosted methane: study
-
Carney scraps Canada EV sales mandate
-
Record January window for transfers despite drop in spending
-
Mining giant Rio Tinto abandons Glencore merger bid
-
Davos forum opens probe into CEO Brende's Epstein links
-
ECB warns of stronger euro impact, holds rates
-
Greece aims to cut queues at ancient sites with new portal
-
ECB holds interest rates as strong euro causes jitters
-
What does Iran want from talks with the US?
-
Wind turbine maker Vestas sees record revenue in 2025
-
Bitcoin under $70,000 for first time since Trump's election
-
Germany claws back 59 mn euros from Amazon over price controls
-
Germany claws back 70 mn euros from Amazon over price controls
-
Stock markets drop amid tech concerns before rate calls
-
BBVA posts record profit after failed Sabadell takeover
-
UN human rights agency in 'survival mode': chief
-
Greenpeace slams fossel fuel sponsors for Winter Olympics
-
Russia says thwarted smuggling of giant meteorite to UK
-
Heathrow still Europe's busiest airport, but Istanbul gaining fast
-
Shell profits climb despite falling oil prices
-
German factory orders rise at fastest rate in 2 years in December
-
Trump fuels EU push to cut cord with US tech
-
Top US news anchor pleads with kidnappers for mom's life
-
The coming end of ISS, symbol of an era of global cooperation
Trump extends EU tariff deadline until July 9
US President Donald Trump said Sunday that he would pause his threatened 50 percent tariffs on the European Union until July 9, after a "very nice call" with EU chief Ursula von der Leyen.
Trump had threatened on Friday to invoke the steep tariffs as soon as June 1, saying talks with the European Union over his previous levies were "going nowhere."
Von der Leyen "just called me... and she asked for an extension on the June 1st date, and she said she wants to get down to serious negotiation," Trump told reporters before boarding Air Force One in Morristown, New Jersey.
"And I agreed to do that," he added.
Von der Leyen had earlier said on X that she held a "good call" with Trump, but that "to reach a good deal, we would need the time until July 9."
"Europe is ready to advance talks swiftly and decisively," said the president of the European Commission, which conducts trade policy for the 27-nation bloc.
Brussels and Washington have been negotiating in a bid to avert an all-out transatlantic trade war, and had agreed to suspend tariff action on both sides until July.
But Trump's threat on Friday dramatically raised the stakes.
The US leader said Friday he was "not looking for a deal" with the EU, repeating his oft-stated view that the bloc was created to "take advantage" of the United States.
German Finance Minister Lars Klingbeil separately on Sunday called for "serious negotiations" with Washington, saying he had spoken with his US counterpart Scott Bessent about the matter.
"We don't need any further provocations, but serious negotiations," Klingbeil, who is also Germany's vice chancellor, told Bild newspaper.
"The US tariffs endanger the US economy just as much as the German and European economy," Klingbeil warned.
Trump has hit the bloc with three sets of tariffs: 25 percent on steel and aluminium and on automobiles, followed by a 20-percent "reciprocal" levy on all imports -- which has been suspended pending talks, though a baseline 10 percent remains in force.
The EU's trade chief Maros Sefcovic, who held talks with his US counterparts on Friday, responded to Trump's latest outburst by saying the bloc was "committed to securing a deal" but that trade ties should be based on "mutual respect, not threats".
Brussels has announced plans to hit US goods worth nearly 100 billion euros ($113 billion) with tariffs if negotiations fail to produce a deal.
The US trade deficit in goods with the European Union was $236 billion in 2024.
But when taking account of services, where American firms are dominant, the European Commission calculates that the US trade deficit stood at 50 billion euros ($57 billion).
P.Kolisnyk--CPN