
European Union on the ropes as Donald Trump and China turn the screws
A bruising encounter over Russia with China's top diplomat Wang Yi was followed by
chaotic skirmishes on trade with the United States over the last week , as the EU scrambled to avoid being crushed between the duelling titans.
The bad news for the bloc's bureaucrats is that they may have an even trickier few weeks to navigate before they are sipping chilled rosé among the lavender fields of Provence on their notoriously long August holidays.
On Monday, trade ministers will meet in Brussels to hash out a response to US President Donald Trump's weekend announcement of a 30 per cent tariff on all EU-made goods, with pressure mounting on the European Commission to retaliate.
French President Emmanuel Macron said on Saturday that if no agreement was reached by August 1, the bloc must consider using its anti-coercion instrument, a powerful trade weapon that would allow it to block US services and digital exports.
On Sunday, however, European Commission President Ursula von der Leyen said the EU would 'extend the suspension of our countermeasures till early August'.
Next Sunday, EU leaders will head for Asia, where a stop at an expo in Osaka will be followed by an EU-Japan summit in Tokyo. From there they will fly to Beijing for an altogether more challenging affair.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


South China Morning Post
an hour ago
- South China Morning Post
Hong Kong student AI porn case sparks law review pledge as HKU vows action
Hong Kong authorities have said that existing laws will be reviewed if necessary after a student at the city's oldest university used AI to generate pornographic images of classmates and other women and received only a warning from the institution. The University of Hong Kong (HKU) said on Monday that it was also conducting a review of the incident and vowed to take further action after some victims demanded more be done, calling the warning letter it had issued to the male law student insufficient. The Innovation, Technology and Industry Bureau said that the government would continue to closely monitor the development and application of artificial intelligence (AI) in Hong Kong, draw reference from practices elsewhere, and propose appropriate measures, and 'if necessary, review the existing legislation'. HKU, which earlier said it had also asked the student to apologise to the victims, told the Post that more would be done. 'The university is now further reviewing the case and will take further actions when appropriate to ensure a safe and respectful learning environment,' it said. In a reply to the Post, three of the victims demanded 'more permanent and substantial' consequences for their classmate.


RTHK
an hour ago
- RTHK
Trump threatens to target Russian trade partners
Trump threatens to target Russian trade partners US President Donald Trump speaks during a meeting with Nato Secretary General Mark Rutte in the Oval Office. Photo: AFP US President Donald Trump told Russia on Monday to end its Ukraine war within 50 days or face massive new economic sanctions as he laid out plans for new infusions of weaponry for Kyiv via Nato. Trump said he was "very, very unhappy" with Vladimir Putin, underlining his insistence that his patience had finally snapped with the Russian leader's refusal to end his three-year-old military campaign in Ukraine. "We're going to be doing very severe tariffs if we don't have a deal in 50 days, tariffs at about 100 percent," Trump said during an Oval Office meeting with Nato Secretary General Mark Rutte. The Republican added that they would be "secondary tariffs" that target Russia's remaining trade partners -- seeking to cripple Moscow's ability to survive already sweeping Western sanctions. Trump and Rutte also unveiled a deal under which the Nato military alliance would buy billions of dollars of arms from the United States -- including Patriot anti-missile batteries -- and then send them to Ukraine. (AFP)


RTHK
an hour ago
- RTHK
Wall Street closes up ahead of economic data
Wall Street closes up ahead of economic data Traders work on the floor of the New York Stock Exchange. Photo: AFP Wall Street stocks closed marginally up on Monday as investors sidestepped any meaningful moves following US President Donald Trump's latest tariff threats, and held steady ahead of a busy week of economic data and the start of earnings season. Trump ramped up trade tensions over the weekend, vowing to slap a 30 percent tariff on most imports from the European Union and Mexico starting August 1 - leaving the clock ticking for last-minute trade deals. The EU extended its pause on retaliatory measures until early August, holding out hope for a negotiated truce. The White House said talks with the EU, Canada and Mexico are still underway. Despite the headlines, investor reaction was muted, having grown numb to Trump's barrage of tariff threats and his frequent last-minute U-turns. The Dow Jones Industrial Average rose 88.14 points, or 0.20 percent, to 44,459.65, the S&P 500 gained 8.81 points, or 0.14 percent, at 6,268.56 and the Nasdaq Composite advanced 54.80 points, or 0.27 percent, to 20,640.33. Trading volume was also subdued, with 15.43 billion shares changing hands, compared with the 17.62 billion average for the last 20 trading days. (Reuters)