Trump and Netanyahu may take a victory lap on Iran, but the Gaza war looms over their meeting
But as they meet for the third time this year, the outwardly triumphant visit will be dogged by Israel's 21-month war against Hamas in Gaza and questions over how hard Trump will push for an end to the conflict.
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21 minutes ago
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Where Trump sees the ‘biggest deal ever,' Europe sees capitulation
President Donald Trump may rate Sunday's trade agreement with the European Union as the 'biggest deal ever,' but for some within the 27-nation bloc, it feels a lot more like economic appeasement. French Prime Minister François Bayrou called Sunday a 'dark day' for the region in a post on X. 'An alliance of free peoples, gathered to assert their values and defend their interests, resolves to submission,' he wrote. The agreement, struck between Trump and Ursula von der Leyen, president of the European Commission, sets a 15% tariff on most imported goods from the bloc and includes EU commitments to invest hundreds of billions of dollars in the United States and buy US energy products. Trump has boasted about reaching the framework after mounting criticism directed at the handful of trade deals that have been agreed to since he announced sweeping tariffs on more than 100 trading partners. He has managed to score what he believes is an accord favorable to the United States despite severely testing America's relationship with its largest trading partner. But, like Bayrou, other European leaders have lamented the agreement — essentially a framework for a future trade deal — as an exercise in damage limitation. The EU's new across-the-board tariff halves the 30% levy Trump had threatened to impose from Friday and stands below the 20% brandished back in April. But it is still well above the average of around 1.2% from before Trump's second term. In a statement Sunday, von der Leyen said the agreement offered 'stability and predictability' to European and American companies. In recent months, the Trump tariff roller coaster — his flurry of tariff announcements, pauses and retractions — has made it difficult for businesses to plan ahead. 'Of course, no tariffs would have been better, but this agreement provides more clarity for our businesses and brings more market stability,' Dutch Prime Minister Dick Schoof wrote on X on Sunday. For Germany, the bloc's largest economy and a major car exporter, the deal has whittled down the 25% levy Trump slapped on its auto exports in April. German Chancellor Friedrich Merz said Sunday that European negotiators' hard work had paid off: 'A trade conflict has been averted that would have severely impacted the export-oriented German economy,' he wrote in a post on X. Others were less diplomatic in their assessment. Hungarian Prime Minister Viktor Orban said in a podcast interview on Monday, cited by Reuters, that Trump had steamrolled the EU in negotiations, comparing the US president to a heavyweight boxer against von der Leyen's 'featherweight.' Belgium's Prime Minister Bart De Wever also said Sunday's deal was a 'moment of relief but not of celebration.' 'I sincerely hope the United States will, in due course, turn away again from the delusion of protectionism and once again embrace the value of free trade – a cornerstone of shared prosperity,' he wrote on X on Sunday. Bernd Lange, chair of the European Parliament's trade committee, said the deal is 'not satisfactory' in a post on X on Sunday, adding that 'concessions have clearly been made that are difficult to accept.' David Collins, professor of international economic law at City St George's University of London, echoed Lange's comments Monday on CNN. 'This is a humiliating capitulation on behalf of the EU … it really makes you wonder: What is it actually doing for its member states if the UK can on its own get a better deal than this giant economy?' he said. CNN's James Frater, Joseph Ataman and Caitlin Danahar contributed reporting. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
Harper says Carney team sought his trade advice, advises looking outside U.S.
OTTAWA — Former prime minister Stephen Harper says he's urging Ottawa to find new trading partners outside the United States. Harper says he was approached by the government two weeks ago and advised Ottawa to work out a short-term deal with U.S. President Donald Trump while expanding trade in other markets. At a conference in Saskatoon today, Harper says Canada should be "independently responsible" for defending itself and should not rely on the U.S. military. The Canadian Press has asked Prime Minister Mark Carney's office whether it approached the former Conservative prime minister for advice. Harper says Canada has been too dependent on the United States and needs to boost military spending to ensure its independence. Harper calls himself "the most pro-American prime minister in Canadian history" but says Washington is using a failed economic policy of pursuing economic growth through tariffs. — With files from Jeremy Simes in Saskatoon. This report by The Canadian Press was first published June 28, 2025/ Dylan Robertson, The Canadian Press Sign in to access your portfolio
Yahoo
21 minutes ago
- Yahoo
EU vowed $600B US economy investment from Trump trade deal. Hours later, European bloc admitted it can't back that promise
Less than a day after President Donald Trump claimed that the European Union had agreed to invest $600 billion into the United States as part of a trade deal that will see Trump ask Americans to shoulder a 15 percent import tax on many European goods, EU officials are quietly backtracking. The deal to avert a full-on trade war between the U.S. and one of its major trading partners came into shape over the weekend as Trump met with European Commission President Ursula von der Leyen at his Turnberry golf resort in Scotland. Trump had threatened to impose a 30 percent tax on EU imports in a letter to von der Leyen earlier this month. But he told reporters traveling with him on his extended-weekend golf holiday that he and von de Leyen had agreed that the U.S. would impose 'a straight-across tariff of 15 percent' for 'automobiles and everything else' imported into the U.S. from the bloc. Trump also said the EU had agreed to open its own markets by not raising any retaliatory taxes on American goods. Though tariffs are designed to promote domestic production and purchasing by taxing imported goods, the increase in cost typically falls on consumers, not foreign governments. This is because retailers often sidestep the increased import costs by raising prices. Still, the president's public statements have indicated that he sincerely believes that tariffs are paid by foreign nations as a sort of tribute for the purpose of accessing American markets. In fact, they are paid by American importers and passed on to consumers in the form of higher prices. The European Commission president called the agreement a 'huge deal' that would 'bring stability' and 'bring predictability,' calling both benefits 'very important for our businesses on both sides of the Atlantic.' The president also claimed that the agreement would bring $600 billion into American coffers by way of investments made by the EU into U.S. companies. But on Monday, multiple EU officials walked back the massive outlay by noting that it would be made by a variety of private companies over which the bloc has no authority when it comes to corporate spending priorities. One such official told Politico that none of the funds touted by Trump would be from the public coffers of any EU nation. 'It is not something that the EU as a public authority can guarantee. It is something which is based on the intentions of the private companies,' the official said. Another official stated that the $600 billion figure had been calculated "based on detailed discussions with different business associations and companies in order to see what their investment intentions are,' but as of Monday the European Commission has not announced any plans to use any sort of incentives to encourage the investment at issue. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
