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Donald Trump delays threatened 50% tariffs on EU to July 9 - 日経FTザ・ワールド

Donald Trump delays threatened 50% tariffs on EU to July 9 - 日経FTザ・ワールド

Nikkei Asia2 days ago

EU weighs UK-style trade deal with US AP
EU explores legal options for ending Russian gas deals ロイター
Donald Trump's tariffs will fix a broken system ロイター
China attacks UK trade deal with US AP

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NATO summit expected to agree on defense spending increase
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NATO summit expected to agree on defense spending increase

NATO member countries are expected to agree to raise their defense and related spending to 5 percent of GDP at their summit in the Netherlands. The two-day summit of the North Atlantic Treaty Organization began in The Hague on Tuesday. The second day of the meeting has started. US President Donald Trump has been calling on other NATO members to increase their defense spending, saying they depend heavily on the US for defense. At the start of the meeting, NATO Secretary General Mark Rutte said, "To make NATO stronger, we have a concrete plan for all allies to spend 5 percent of GDP on defense." He added, "This will also make NATO fairer to ensure anyone and everyone contributes their fair share for our security." He said the US carries too much of the burden, and that Trump "made this change possible." The leaders will likely agree to raise their countries' defense spending to 3.5 percent of GDP and defense-related spending, such as that for infrastructure projects, to 1.5 percent by 2035. On the expected agreement, Trump told reporters, "NATO is going to become very strong with us." He added, "It's a great victory for everybody."

Hong Kong pro-democracy group set to fold as security law turns 5
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Hong Kong pro-democracy group set to fold as security law turns 5

Leung Kwok-hung, second from right, a co-founder of the League of Social Democrats who is widely known as "Long Hair," protests in 2019. The group is reportedly set to disband after years of tightening restrictions on dissent. © AP KENSAKU IHARA HONG KONG -- The League of Social Democrats, one of the last political groups advocating pro-democracy causes in Hong Kong, is set to disband, multiple major local media outlets reported on Wednesday. The reports came on the eve of the fifth anniversary of the strict national security law Beijing imposed on the city. The LSD's Chairperson Chan Po-ying told media on the group's WhatsApp account in Chinese: "Many thanks for so many people caring about whether the LSD is to dissolve or not. Temporarily, there is nothing we are able to say. I wish for your kind understanding."

UN to reduce staff by 20%, mull realignment as US cuts funding
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UN to reduce staff by 20%, mull realignment as US cuts funding

NEW YORK (Kyodo) -- The United Nations will reduce its staff by 20 percent and consider realigning more than 140 related institutions, senior officials said Tuesday, as the organization faces funding cuts from the United States. Guy Ryder, U.N. undersecretary general for policy and chair of a task force for restructuring, and other officials told a meeting at the U.N. headquarters in New York that the targeted institutions include the United Nations Children's Fund and the Office of the U.N. High Commissioner for Refugees. The United Nations, which is marking its 80th anniversary this year, plans to reduce 2,000 personnel, mainly in New York and Geneva, and cut its 2026 budget by 15 to 20 percent from this year's level. The move follows the decision by the United States, the largest financial contributor to the United Nations, to reduce or freeze its funding under President Donald Trump's "America First" policy. The country provided 22 percent of its $3.72 billion regular budget for this year. Japan was the third-largest contributor at 6.9 percent, coming after China at 20 percent. The organizational restructuring is expected to start in 2027 at the earliest. The task force is reviewing the targeted organizations under seven clusters including development, peace and security and human rights.

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