Trump to sign order delaying tariff deadline to Aug. 1: White House
The July 9 deadline for steeper levies would be pushed back to August 1, Press Secretary Karoline Leavitt told reporters, adding that Trump would address foreign leaders with their 'reciprocal tariff rate' within the next month.
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Saudi Gazette
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BRUSSELS — European Commission President Ursula von der Leyen on Saturday voiced the EU's readiness to continue working toward a trade agreement with the United States before the Aug. 1 deadline, after US President Donald Trump announced sweeping new tariffs on EU and Mexican imports. "We remain ready to continue working towards an agreement by August 1. At the same time, we will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required," von der Leyen said in a written statement. Trump's declaration, delivered in letters to von der Leyen and Mexican President Claudia Sheinbaum and published on his Truth Social account, revealed that the US would begin imposing a 30% tariff on goods imported from both the EU and Mexico starting next month. Von der Leyen emphasized the EU's longstanding commitment to a 'negotiated' solution and stressed that few global economies can match the bloc's level of 'openness and adherence to fair trading practices.' "Imposing 30 percent tariffs on EU exports would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic," she warned. While Trump cited persistent trade deficits and unequal terms in his letter, von der Leyen reaffirmed the EU's position as a reliable and rules-based trading partner. She reiterated that the bloc will not hesitate to take responsive action to protect its economic interests if talks collapse. The tariff threat has cast serious doubts over the future of US-EU trade talks, which were expected to result in a new comprehensive deal this month. — Agencies
Saudi Gazette
2 hours ago
- Saudi Gazette
Trump imposes 30% tariffs on EU and Mexico, warns against retaliation
WASHINGTON — US President Donald Trump announced Saturday that a 30% tariff will be imposed on goods imported from the European Union and Mexico starting August 1, escalating trade tensions with two of Washington's major partners. In a statement posted on Truth Social, Trump shared formal letters addressed to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, notifying them of the new tariffs. He justified the move as a response to what he called 'long-standing trade imbalances' and 'unfair barriers.' 'To the European Union,' Trump wrote, 'we must move away from these long-term, large, and persistent trade deficits, engendered by your tariff and non-tariff policies.' He added that the US-EU trade relationship 'has been, unfortunately, far from reciprocal.' Trump warned both parties that any retaliatory tariff increases would be met with further hikes. 'Whatever the number you choose to raise them by will be added on to the 30% that we charge,' he stated. In his letter to Mexican President Sheinbaum, Trump acknowledged recent cooperation in stemming the flow of undocumented migrants and fentanyl into the US but criticized what he called Mexico's failure to prevent North America from becoming a 'Narco-Trafficking Playground.' The decision casts a shadow over ongoing US-EU trade negotiations, which Brussels had hoped to finalize this month. The move also follows a fresh wave of tariffs announced earlier this week, including a 50% duty on copper imports and new penalties targeting Japan, South Korea, Canada, and Brazil. — Agencies
Arab News
4 hours ago
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Jordan, EU sign security pact to tackle serious crime, terrorism
AMMAN: Jordan and the EU have signed a cooperation agreement aimed at bolstering efforts to combat organized crime and terrorism across borders, the Jordan News Agency reported. The working arrangements were signed between Jordan's Public Security Directorate and the EU Agency for Law Enforcement Cooperation, or Europol, on Thursday. The agreement establishes a legal framework to support joint action in fighting serious and organized crime, as well as terrorism, by facilitating cooperation and the exchange of non-personal information between Europol and Jordanian law enforcement agencies. According to a statement from the PSD, the agreement will allow both parties to coordinate on a range of issues, including migrant smuggling, drug trafficking, money laundering, and weapons smuggling. Under the deal, Jordan and the EU will share specialized expertise, overall situation reports, and the results of strategic analyzes. The agreement also enables participation in joint training initiatives, and includes provisions for advice and support in individual criminal investigations. To streamline collaboration, the PSD will appoint a national contact point responsible for liaising with Europol and coordinating efforts between Jordanian agencies and their European counterparts. The arrangements also allow for the potential appointment of a Europol liaison officer to be stationed in Jordan, joining a global network of law enforcement representatives from more than 50 countries. With the agreement in force, the EU and Jordan are expected to significantly strengthen their cooperation in addressing pressing regional and international security challenges. The arrangements represent 'a pivotal step' in joint efforts to address the security threats affecting the EU, its member states, and Jordan, said Catherine De Bolle, executive director of Europol. She said the partnership 'embodies mutual trust and understanding in the law enforcement area,' paving the way for closer cooperation to achieve security within the EU and across the Middle East.
