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France 24
4 hours ago
- France 24
France's Macron says EU-US trade deal 'not the end of it'
France 's President Emmanuel Macron said Wednesday the European Union had not been "feared" enough in negotiations with the United States towards a trade deal, pledging to be "firm" in follow-up talks. "It's not the end of it," Macron told ministers during a cabinet meeting, according to participants. European Commission President Ursula von der Leyen clinched the framework accord with US President Donald Trump on Sunday after dashing to Scotland as the August 1 deadline loomed for steep levies that threatened to cripple Europe's economy. EU exports are now set to face tariffs of 15 percent on most products – higher than customs duties before Trump returned to the White House, but lower than his threatened 30 percent. The EU also committed to buy $750 billion of liquefied natural gas, oil and nuclear fuels from the United States split equally over three years, and pour $600 billion more in additional investments in the United States. "Europe does not see itself enough as a power yet. To be free, you have to be feared. We were not feared enough," Macron said. "France has always held a stance of being firm and demanding. It will continue to do so," he added. The European Union could obtain "new exemptions" in follow-up talks to firm up the deal in details, he said. He however said that negotiations had been held in "difficult circumstances" and that the deal at least "offered visibility and predictability" in the short term. "It preserved French and European interests" in important exporting sectors including aviation, he added. French Finance Minister Éric Lombard told reporters later on Wednesday that the EU's negotiating strategy with the US had not been vigorous enough. "There is the issue of the negotiation method, which within the European Union ... has perhaps not been as energetic or vigorous in certain phases, and this is what the President of the Republic said when he stated that we must improve our ability to be feared and to carry weight in negotiations," Lombard said after a meeting at the finance ministry.
Euronews
4 hours ago
- Euronews
Thailand and Cambodia reaffirm ceasefire after days of deadly clashes
Thailand and Cambodia reaffirmed their fragile ceasefire on Wednesday after days of deadly clashes along their shared border and despite accusations of the truce being violated. The two neighbours agreed at a meeting in Malaysia on Monday to an "immediate and unconditional" ceasefire to stop nearly a week of fighting that killed at least 41 people, many of them civilians, and displaced more than 300,000 from their homes. Yet the truce was soon tested when Thailand's military accused Cambodia of launching attacks in multiple areas on Tuesday, claims the Cambodian government denied. The Thai army reported exchanges of gunfire into Wednesday morning, with Thailand's foreign ministry accusing Cambodia of violating the ceasefire agreement "once again." Later on Wednesday, however, both sides appeared to have reasserted their commitment to a ceasefire, with Thai and Cambodian representatives appearing smiling at a meeting in Shanghai with Chinese vice minister Sun Weidong. "Cambodia and Thailand reiterated to China their commitment to the ceasefire consensus," a statement from the Chinese foreign ministry said. By Wednesday afternoon, there were signs of calm along the border, with some of the more than 260,000 people displaced by the fighting returning to their homes. Still, many remain in evacuation shelters, uncertain of their fate. Trump's tariff diplomacy The ceasefire agreed upon in Malaysia paves the way for a joint border committee meeting in Cambodia on 4 August. The high-level meeting will include the two countries' defence ministers. The truce comes days before the US is set to announce new trade tariff decisions. Cambodia and Thailand are likely to be two of the hardest-hit countries by US President Donald Trump's tariff policies, with a 36% levy on goods from both nations due to take effect on Friday. Trump had warned that the US might not proceed with trade deals with either country if hostilities continued, giving both sides a face-saving justification for stopping the clashes. Cambodian Prime Minister Hun Manet said on Tuesday that Trump had called to offer congratulations for the peace agreement and pledged that US would join the monitoring process along with Malaysia. Thailand's acting Prime Minister Phumtham Wechayachai said that Trump had also called him and that the US president told him Bangkok's talks with Washington over tariffs on Thai exports could proceed on as favourable terms as possible. History of hostility Thailand and Cambodia have a history of enmity over centuries and experience periodic tensions along their land border of more than 800 kilometres. Yet the latest clashes were some of the worst modern fighting between the two nations. Tensions had been growing since May when a Cambodian soldier was killed in a confrontation that created a diplomatic rift and shook up Thailand's domestic politics. Last Thursday, a land mine explosion in one of the contested border areas injured five Thai soldiers, including one who lost a leg. It was the second such incident in a week and the cause of the latest fighting. The immediate blowback was diplomatic, with Thailand withdrawing its ambassador from Cambodia, expelling the Cambodian envoy and shutting border crossings. Skirmishes and artillery duels broke out in several areas, with infantry fighting mostly in disputed areas. Both countries employed artillery and Cambodia made frequent use of truck-mounted rockets. Thailand retaliated with airstrikes carried out by jet fighters.
France 24
4 hours ago
- France 24
Trump hits India with 25% tariff and 'penalty' over Russia ties
The measures will kick in on Friday, Trump posted on his Truth Social platform, adding to a bevy of other tariff hikes set to take effect the same day. In a separate post, Trump said the August 1 deadline "stands strong, and will not be extended." Trump has issued multiple delays to his so-called "reciprocal" tariffs since first announcing them in early April, while instituting an interim 10 percent baseline. The 25 percent tariff on India would be marginally lower than the rate announced in April, but is higher than those of other Asian countries that have struck preliminary trade agreements with Washington. India, the world's most populous country, was one of the first few major economies to engage the Trump administration in broader trade talks. But six months later, Trump's sweeping demands and India's reluctance to fully open its agricultural and dairy sectors have so far prevented New Delhi from sealing a deal. "Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country," Trump said Wednesday morning. He added that India has "always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE." In addition to the 25 percent tariff, India will face "a penalty for the above," Trump said, without any specification. The measure comes as the 79-year-old Republican has signaled he intends to tighten US pressure on Moscow to halt fighting in Ukraine and negotiate a peace deal. On Tuesday, Trump said he was giving Russian President Vladimir Putin 10 days -- which would mean the end of next week -- to change course in Ukraine or face new tariffs. He had previously threatened to impose "secondary tariffs" that would target Russia's remaining trade partners -- such as China and India -- seeking to impede Moscow's ability to survive already sweeping Western sanctions. China trade talks Trump has set out to upend the global economy by trying to leverage US economic power to squeeze trading partners with tariffs and force foreign companies to move to the United States. He has already announced deal outlines with five countries -- Britain, Vietnam, Japan, Indonesia and the Philippines -- as well as the one with the 27-nation EU. US and Chinese officials held talks this week in Stockholm on extending a trade truce that has temporarily lowered tariffs from soaring triple-digits. While no deal was announced at the meetings, both sides are eying an extension ahead of the August 12 deadline. Meanwhile Trump has threatened Brazil with 50 percent tariffs beginning Friday -- in part to pressure the South American ally to shut down the trial of far-right former president Jair Bolsonaro on coup charges.
