Trump announces new tariffs
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SBS Australia
17 minutes ago
- SBS Australia
EU pledges unity and warns of countermeasures after Trump imposes further tariffs
Mexico and the EU are still reeling from Donald Trump's surprise announcement of a 30 per cent tariff on the two major United States trading partners over the weekend. The announcement, made in copies of letters posted on Trump's social media, came after weeks of negotiations failed to reach comprehensive trade deals. EU trade ministers have met in Brussels to discuss their response, pledging unity within the bloc, and warning of countermeasures if negotiations with the US ultimately fail. Danish Minister of Foreign Affairs Lars Lokke Rasmussen has called the tariffs unacceptable and unjustified, but stresses negotiations to reach a deal remain the EU's priority. "We do not want a trade war with the US we want to avoid it and we had, I think many of us, want to thank the Commissioner for being very transparent in his negotiations with the U.S. team. The clear impression that we were very, very close in agreement in principle. Unfortunately, it wasn't possible due to this presidential letter, but it is still our major vision that we should reach an agreement." However, he warns the bloc will be prepared with countermeasures in the event that talks break down. "But we also want to send a clear signal that it must be a fair deal for everybody, and if that's not possible to reach, then we will leave out no options, and we know very well that we have a toolbox with a lot of tools." European Trade Commissioner Maros Sefcovic says the 30 per cent tariff would make it almost impossible to continue trading as before, with significant consequences for supply chains, and says the EU will do everything it can to ensure a different outcome. He says while he is hopeful talks will be successful, the new tariff threat has also strengthened the bloc's commitment to building internal trade agreements to protect EU interests. "We are very obviously also discussing what we can do to trade more with each other. That was a very clear message from the trade ministers today. Work as hard as possible on new market access, use the existing free trading agreements which are there, and we happen to have the free trade agreements now with all of these major trading partners and we intend to use them to the maximum.' President Trump says he's open to discussions with the EU and other trading partners before higher tariffs kick in on August 1. 'No, we're going to be talking to people. We have, you know, I watched the show this morning, they were talking about 'Well when is he's going to make the deal?' The deals are already made. The letters are the deals. The deals are made. There are no deals to make. They would like to do a different kind of a deal and we're always open to talk. We are open to talk, including to Europe. In fact, they're coming over, they'd like to talk.' In his letter to Mexico's leader, Mr Trump said the country has been helpful in stemming the flow of undocumented migrants and drugs into the United States, but said more is needed to stop America from turning into what he calls a "Narco-Trafficking Playground." Mexican President Claudia Sheinbaum says she still expects an agreement to be reached before the hefty tariffs take effect. Ms Sheinbaum says Mexico is still working to accommodate President Trump's demands, and to find compromises that also work in Mexico's interests. "We have a working group and we expect to reach an agreement. That is our approach. Issues related to fentanyl and security are also on the agenda, and as for that, progress has been made towards an agreement, always within the framework of respect for our sovereignty." But international trade expert Jacob Kirkegaard says he's less hopeful about an agreement being reached between the EU and the US. "What it shows is that Donald Trump thinks he can maybe get a deal by threatening to escalate. But I have to think, I think it will backfire. I think what he has signalled to the EU is that all the efforts that the European Commission has made to try to accommodate, try to negotiate a deal, meant nothing for Trump." These threats to the EU and Mexico the latest in the string of trade levies Trump has imposed across the globe in recent weeks. They include threats to impose 50 per cent tariffs on imports from Brazil, 25 per cent tariffs against Japan and South Korea, and 35 percent tariffs on goods from Canada. Mr Kirkegaard says for the EU and the US, retaliation and escalation is looking increasingly likely. "The EU really has no other choice. If there is no deal by October, sorry, by August 1, which I think is less likely now, then we're in a trade war and we will have to see where it ends."
News.com.au
an hour ago
- News.com.au
Internet loses it as Donald Trump pockets item at Club World Cup final
The fallout to Donald Trump's chaotic appearance at the Club World Cup continues with the US President accused of stealing a medal. The leader of the free world had already caused a stir when he ignored Chelsea players and remained on the stage during the club's celebrations following a 3-0 win over Paris Saint-Germain at MetLife Stadium in New Jersey on Monday. Footage of Chelsea star Cole Palmer's perplexed facial expression at the sight of Trump on the victory dais has gone viral in the past 24 hours and there was no hiding captain Reece James' frustration with Trump's presence when he was preparing to hold the silverware aloft. The 79-year-old was seen handing out many of the medals during the procession of players walking onto the stage alongside FIFA president Gianni Infantino. The pair then handed the trophy over to James. It is an unwritten rule for politicians and dignitaries to leave the stage at that point to give the team their moment to shine, but the 47th President of the United States remained on stage with a beaming smile, — even pumping his fist while players began chanting a club anthem. With snipers and security agents stationed around the stadium, Trump appeared to be gestured away from the stage initially by Infantino, before an incredulous James, 25, was seen asking him, 'Are you staying?' The Republican leader had also inadvertently blocked the view of Golden Ball winner Palmer, who had a confused look on his face as he was also seen asking James, 'What's he doing?' Marc Cucurella was also seen staring inquisitively at Trump and then started laughing when James appeared to ask him to leave. Vision taken by spectators in the stadium showed FIFA President Gianni Infantino eventually walked into the middle of the stage to escort Trump out the back behind the players. There was more drama to come as Infantino quietly handed Trump a champions medal on the side of the stage while players were celebrating. Trump didn't appear to care too much as he put the item inside his jacket pocket and walked off the stage. A ten-second video of Trump's act has gone viral on social media with many fans suggesting the President had stolen the medallion — however, those claims have proven to be false, judging by extended footage shared online. It wasn't the worst moment for Trump. He was loudly booed as he walked onto the field following the game. He had also been jeered by some sections of the crowd when he was shown on the big screen inside the stadium. According to the BBC, there was one more round of booing as Trump left the field. Speaking after the game, Palmer, 23, and James both admitted they were surprised about the turn of events. Palmer told the BBC: 'I knew he was going to be here but I didn't know he was going to be on the stand when we lifted the trophy so I was a bit confused, yeah.' Captain James added to Sky Sports: 'Before they told me he (Trump) was going to present the trophy and then exit the stage. 'Then I thought he was going to exit the stage but he wanted to stay.' You can literally see Cole Palmer visibly confused at Trump being there, you can’t make this up ðŸ˜ðŸ˜ðŸ˜ðŸ˜ — bastoni enjoyer (@Makiark1) July 13, 2025 Reece James asking Donald Trump ‘are you gonna leave’ and Trump just not moving for the trophy lift is mental 😂😂😂😂😂 — Leyton Bracegirdle (@leytonb) July 13, 2025 Following the game Trump revealed he had a good time, and joked he would even consider signing an executive order to change America's naming of 'soccer' to football for next year's World Cup. Football fans around the world had been left in stitches at the scenes of Trump putting himself in the middle of the celebrations. One person posted on X: 'Who invited Trump? He thinks he's part of the team'. One fan wrote: 'Awkward!!!! Trump doesn't know social cues. Watch the guy trying so hard to get him to leave'. Another posted: 'It's so annoying and embarrassing to see someone not related to the game at all ruining player's dream moment.'. One person wrote Trump 'outstayed his welcome'. Others, however, described Trump's actions as 'legend s***'. One person posted on X: 'Trump is a baller for real. Chelsea just won the club world cup. Trump gave them the trophy and refused to leave the podium, almost jumping with the players.' Another person wrote: 'Trump is having the time of his life at the FIFA Club World Cup'.
Sky News AU
an hour ago
- Sky News AU
Renewable targets dealt fresh blow as major Victorian offshore windfarm abandoned after energy giant failed to find buyer
A significant Victorian offshore wind project has been scrapped after US-backed energy giant BlueFloat confirmed it had failed to find a buyer. The company was reportedly mulling the sale of its Gippsland project off the Victorian coast in early July, with the development considered essential for meeting state and federal emission reduction deadlines. BlueFloat Energy acquired a feasibility license late last year to construct the Victorian offshore wind facility, and further secured a preliminary development license to build an offshore wind complex in New South Wales off the Illawarra coast. However, industry insiders told The Australian on Tuesday that after weeks of attempting to lock down a buyer, BlueFloat had failed in arranging the sale of the embattled development. Victoria, which stands as one of Australia's most fossil fuel dependent states has some of the most stringent renewable energy targets in the nation, and aims to reach 95 per cent clean energy generation by 2035. The dumping of the flagship Victorian facility is one of the first Australian casualties of the increasingly beleaguered offshore wind sector, with US President Donald Trump dampening global investment by tearing up mammoth subsidies to the industry. The sector has also faced lengthening completion timelines, conflicting state and federal regulation and a sharp downturn in private investment despite exorbitant government funding packages. Energy experts have also raised alarm at the concerning lack of transmission infrastructure to support offshore wind, paired with declining domestic manufacturing capabilities and persistent labour shortages. Victoria, unlike other states, has placed offshore wind at the heart of its decarbonisation strategy and set a bold target of producing nine gigawatts of offshore wind capacity by 2040 – which the state government claims is enough to power more than 6.5 million homes. The company is reportedly looking to exit the Australian market entirely, which would threaten its NSW South Pacific project in Illawarra. Sources close to the company said BlueFloat remained committed to finding a potential buyer for the NSW facility, despite the development relying on technology to float turbines - which is both risky and costly. The NSW South Pacific Project also has numerous local competitors, unlike Victoria. A company spokesperson told the ABC that 'BlueFloat continues to investigate funding options for its Australian projects.' The discontinuation of the Gippsland Dawn precinct is expected to raise alarm bells about the viability of offshore wind at federal and state levels, with both Prime Minister Anthony Albanese and Victorian Premier Jacinta Allan touting the technology as one of the most crucial elements to Australia's energy transition. However, BlueFloat is not the only global energy consortium facing mounting difficulties in Australia with Norwegian energy firm Equinor quietly dropping its plan to construct a wind farm in the Bass Strait off the north coast of Tasmania. Equinor is also yet to formally accept an offshore wind development licence in its last remaining Australian project off the coast of Newcastle, NSW. Victorian Energy Minister Lily D'Ambrosio has repeatedly said the Victorian government remains committed to overseeing an expansion of offshore wind projects despite the raft of headwinds facing the industry. Offshore wind is considered to be far more capital intensive and substantially less structurally stable than onshore wind generation.
