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Trump's US tariffs explained: what they are, how they work and who they affect

Trump's US tariffs explained: what they are, how they work and who they affect

However, certain products are subject to different rates. For example, days before the August 1 deadline, the US and EU agreed that European goods would face 15 per cent tariffs - including cars. The agreement, which must be approved by all 27 EU countries, will provide US companies 0 per cent tariff on a number of goods.
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Radical legal case could let players terminate their own contracts for free
Radical legal case could let players terminate their own contracts for free

Times

time24 minutes ago

  • Times

Radical legal case could let players terminate their own contracts for free

New legal action that could lead to law changes allowing players to terminate their contracts with clubs without paying huge compensation has been launched across Europe. A class action by a group called Justice For Players is seeking compensation potentially totalling billions of pounds for alleged loss of income due to restrictive transfer rules. The action has been launched against Fifa and the FAs of France, Germany, Belgium, Denmark and the Netherlands. But the Dutch-based group said any of the estimated 100,000 male or female players who have played for a club in the EU or the UK since 2002 are eligible to join the claim. The English FA is not facing a legal claim at present but has been sent a copy of the legal action by the group. It follows a Court of Justice of the EU (CJEU) ruling in October 2024 in a case brought by the former Chelsea, Arsenal and Real Madrid midfielder Lassana Diarra, who was ordered to pay €10million (£8.7million) by Fifa for leaving the Russian club Lokomotiv Moscow one year into a four-year deal. The CJEU said some of Fifa's rules on player transfers went against EU laws and freedom of movement principles, which led to Fifa adopting an 'interim framework' on transfer rules while it looked at the legal implications of the ruling. Under Fifa's rules, players have in effect been prevented from leaving their clubs unilaterally in the middle of their contract and agreeing a free transfer elsewhere due to the threat of being forced to pay huge compensation. The CJEU ruling means any transfer fee paid for the player cannot form part of the compensation, and the new legal action claims that people in any other profession are allowed to leave their jobs in the middle of a contract. The argument in favour of the existing transfer system is that it benefits smaller clubs who earn income from selling players, and that complete freedom of movement would lead to the richest clubs paying enormous salaries to sign the best players without compensating the clubs who developed them. Franco Baldini, the England assistant manager under Fabio Capello, is one of the board members of Justice For Players. He said: 'As a former professional footballer, agent and someone who has worked in football in various managerial capacities, I have had first-hand experience of how much control and power Fifa has over the players. 'So I am very proud to be part of Justice For Players and to be part of something that could help change the existing system and make football more inclusive and more sustainable.' Justice For Players said it would be advised by the law firm Dupont-Hissel, founded by Jean-Louis Dupont, the Belgian lawyer who won the Bosman ruling in 1995 that cleared the way for players in the EU to move to other clubs at the end of contracts without a transfer fee being paid. The players' union Fifpro Europe said the action was an 'anticipated practical response to the CJEU's Diarra judgment, effectively centralising advocacy for affected players' interests that have broad implications for the football industry'. Justice For Players said its consultancy firm Compass Lexecon had estimated that damages could run into billions of euros.

German minister: EU must become stronger in Trump tariff talks
German minister: EU must become stronger in Trump tariff talks

Reuters

time24 minutes ago

  • Reuters

German minister: EU must become stronger in Trump tariff talks

WASHINGTON, Aug 4 (Reuters) - German Finance Minister Lars Klingbeil said the European Union had been too weak during trade negotiations with the United States and it should become stronger, as much still needed to be clarified on the deal the two sides struck last month. "Overall, as Europeans, we must become stronger," Klingbeil said in Washington ahead of a meeting with U.S. Treasury Secretary Scott Bessent. "Then we can also stand up to the U.S. with more self-confidence. Not against the U.S., but in dialogue with the U.S." Klingbeil said there needed to be a quick solution to the trade conflict with the U.S. as companies needed planning certainty. "Even though I am not the one negotiating today — that is the task of the European Commission — a close line of communication between me and Scott Bessent can help clarify things," he said, emphasizing the importance of the Transatlantic relationship. Apart from tariffs, Klingbeil and Bessent will discuss how to deal with cheap Chinese goods that are flooding the markets in both the U.S. and Europe, as well as the G20 presidency that the U.S. will take at the end of the year. "I believe it is important that we, from the German side, keep sending a clear signal: We want to work closely with the American government, we seek dialogue, we do not shy away from difficult topics and are looking at how we can solve problems together," Klingbeil said. The EU's trade deal with Trump in July was greeted with a mix of relief and anger, with tariffs set at 15% for most products but negotiations continuing for certain sectors, including steel and aluminium, which carry tariffs of 50%. Klingbeil would advocate for a quota system on steel exports to be included in the trade deal, he told reporters.

Urgent DVLA warning to every motorist driving on holiday during August
Urgent DVLA warning to every motorist driving on holiday during August

Daily Mirror

timean hour ago

  • Daily Mirror

Urgent DVLA warning to every motorist driving on holiday during August

The Driver and Vehicle Licensing Agency (DVLA) has reminded motorists that they might need a specific document while travelling abroad in a car this summer The DVLA has issued a warning for drivers planning to travel this August, with a crucial heads-up about International Driving Permits (IDP). ‌ Motorists looking to take the wheel while abroad are being reminded that they might need an IDP, which is a document that translates domestic driving licences for use overseas. While many EU countries don't demand an IDP post-Brexit, there are a host of holiday hotspots where the rules still apply. ‌ Hitting the road without an IDP could lead to fines, points on your licence, or even having your car impounded. It comes after a warning to Brit tourists planning all-inclusive holidays to Spain. ‌ READ MORE: Tourists issued travel warning amid soaring 40C temperatures ‌ In a recent social media update, the DVLA advised: "If you're hiring a car abroad, you should check with your car hire company if you need an International Driving Permit (IDP) before travelling." According to the whether you'll need an IDP depends on your destination and the duration of your stay, reports the Express. Authorities have clarified that UK licence holders don't need an IDP for most EU nations, as well as Switzerland, Norway, Iceland, or Liechtenstein. However, depending on their destination, drivers may need one of three types of IDP: 1926, 1949, or 1968. The 1968 IDP is particularly common and might be necessary for countries including Austria, Belgium, the Czech Republic and Denmark. ‌ The United States might soon insist that drivers have a 1968 IDP to take the wheel. The has issued guidance stating: "You should check if the individual state authority says you need an IDP. If you're hiring a car, you should check if the car hire company says you need an IDP." They further advise: "You may need both your driving licence and an IDP to hire a car in the US. If you have a paper UK driving licence, you must take another form of photographic ID, such as your passport. You may need to show an IDP to your insurance company if you're involved in an accident." For just £5.50, motorists can get their hands on an IDP at various PayPoint locations. Once obtained, this essential document remains valid for one to three years, potentially covering multiple trips abroad.

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