European Union News
Free trade pact with EU possible by year-end amid shared urgency: Sitharaman
Speaking at a conference on ‘cross border collaboration for future resilience’ on the sidelines of the ADB 58th annual meeting, Sitharaman said bilateral deals are now necessitated by rising geopolitical uncertainties, supply-chain fragmentation and the way US reciprocal tariffs have panned out.
3 min read6 May 2025EU could offer to buy $56 bln of US products to end trade war, top negotiator says
Trump has repeatedly lambasted the EU for what he says are the unfair surpluses they run in their trade in goods with the U.S.
1 min read2 May 2025Big Tech in the dock: The EU could force Meta and Apple to change their coercive ways
The European Commission’s hauling up of Big Tech hasn’t lost its bite. The latest fines come with orders that require Apple and Meta to change their business models or face huge penalties. Clearly, the EU isn’t going soft on big American companies.
3 min read25 Apr 2025EU suspends counter-tariffs on US goods until July 14 after Donald Trump's 90-day pause
The EU measures approved last week target more than 20 billion euros worth of US products, including soybeans, motorcycles and beauty products after US reciprocal tariffs.
2 min read14 Apr 2025Tariff pause: A chance for the EU to come back stronger and more united
The reality that the US is no longer a trustworthy ally has sunk in, bringing members of the European Union closer. It may be tempting to align with China, but the EU should invest in its own security and industry. It’s also time to issue joint debt.
3 min read11 Apr 2025EU hits back at Trump tariffs, targets £20 billion US products: 'Countermeasures can be suspended if...'
EU tariffs on US: The levies of up to 25 per cent are retaliation for US duties on steel and aluminium imposed last month. Europe's response to Trump's latest tariff salvo has yet to be announced.
2 min read9 Apr 2025EU mulls 25% tariff on some US goods, drops planned 50% retaliatory tariff on American whiskey
EU member states had pushed for whiskey to be excluded to spare European wine and champagne producers from 200 per cent tariffs by Trump as retaliation.
2 min read8 Apr 2025Europe has no escape from stagnation
Things look increasingly dark for the continent
3 min read8 Apr 2025Europe turns a blind eye to Erdogan’s crackdown because it needs Turkey
Facing a Russian threat and a rift with Washington, European capitals can’t afford to alienate a powerful ally.
6 min read1 Apr 2025Donald Trump's 25% auto import tariffs trigger global outrage—Canada, Japan, EU and South Korea vow countermeasures
US President Donald Trump has imposed a 25% tariff on auto imports, effective April 2, sparking global backlash. Canada, Japan, the EU, and South Korea condemned the move, warning of countermeasures. Leaders fear economic fallout while global auto stocks tumble amid rising trade tensions.
2 min read27 Mar 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared