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Yahoo
19 minutes ago
- Yahoo
EU, South Korea seek US trade deals to soften tariff blow
By Philip Blenkinsop and Hyunjoo Jin BRUSSELS/SEOUL (Reuters) -The European Union and South Korea said on Monday they were working on trade deals with U.S. President Donald Trump that would soften the blow from looming tariffs as Washington threatens to impose hefty duties from August 1. Trump stepped up his trade war on Saturday, saying he would impose a 30% tariff on most imports from the EU and Mexico from next month, adding to similar warnings for other countries including Asian economic powerhouses Japan and South Korea. White House Economic Adviser Kevin Hassett said on Sunday that countries' trade deal offers so far have not satisfied Trump and "the tariffs are real" without improvements to their proposals. "The president thinks that deals need to be better," Hassett told ABC's This Week program. "And to basically put a line in the sand, he sent these letters out to folks, and we'll see how it works out." European Trade Commissioner Maros Sefcovic expressed optimism that Washington and the EU were approaching a positive outcome for both sides. He warned, however, that a 30% tariff would practically eliminate trade between the U.S. and the 27-nation bloc, which are currently each other's largest trading partners. "We continue to engage with the U.S. administration and prioritise a negotiated solution by the new deadline of August 1. I cannot imagine walking away without any effort," Sefcovic said ahead a meeting with EU trade ministers in Brussels. German Chancellor Friedrich Merz, meanwhile, issued a stark warning on Sunday regarding the impact of a tariff at that level on the EU's largest economy. "If that were to happen, we would have to postpone large parts of our economic policy efforts, because it would interfere with everything and hit the German export industry to the core," Merz said. The EU has so far held off on retaliatory measures to avoid a spiralling tit-for-tat escalation in the trade war while there remains a chance of negotiating an improved outcome. But Italy's Foreign Minister Antonio Tajani said the EU has already prepared a list of tariffs worth 21 billion euros ($24.5 billion) on U.S. goods if the two sides fail to reach a trade deal. MARKETS' MUTED REACTION Since returning to the White House earlier this year, Trump has sought to use an array of tariffs to boost the U.S. economy, push companies to invest in the United States, and revitalise sectors including manufacturing. His initial "Liberation Day" tariff announcement in April, which set a baseline tariff of 10% on all imports and higher duties on certain products or countries, raised fears of global supply chain disruptions, sending shockwaves through markets. But subsequent U-turns and delays, including a 90-day pause on most duties aimed at allowing time for trade deal negotiations, have left investors largely inured to Trump's chaotic policy roll-outs. Stocks eased moderately on Monday, while the dollar gained little on the euro. The impact on European spirits companies, many of which rely heavily on the U.S. market, was also mixed. Shares in Diageo, whose U.S. business is driven by sales of Canadian whisky and Mexican tequila, rose 1% in early European trade. Rival Pernod Ricard, maker of Jameson Irish whiskey, saw its shares fall 1%, while cognac maker Remy Cointreau dropped 2.4% SCRAMBLE FOR DEALS The looming August 1 deadline has set off a scramble by governments around the world to seal trade agreements. South Korea's top trade envoy said on Monday it may be possible to strike an "in-principle" deal by the deadline and signalled that Seoul may be open to allowing the U.S. greater access to its agriculture markets, local media reported. Minister for Trade Yeo Han-koo, who held high-level talks with U.S. officials last week, said South Korea was seeking to avoid "unfair" U.S. tariffs on sectors key to its industrial prowess that would undermine industrial cooperation with its main security ally and trading partner, media reports said. "I believe it's possible to reach an agreement in principle in the U.S. tariff negotiations, and then take some time to negotiate further," the Newsis news agency quoted Yeo as telling local media reporters. "Twenty days are not enough to come up with a perfect treaty that contains every detail," he added. South Korea is in a race to reach a compromise trade pact in the hope of avoiding a 25% tariff slapped on its exports, the same level faced by Japan. (Additional reporting by Milan Strahm, Cristina Carlevaro, David Lawder, John Revill, Andreas Rinke, Wayne Cole and Emma RumneyWriting by Keith WeirEditing by Joe Bavier) Sign in to access your portfolio
Washington Post
23 minutes ago
- Washington Post
Trump says U.S. to send weapons to Ukraine again
Politics Trump says U.S. to send weapons to Ukraine again July 14, 2025 | 9:50 AM GMT President Donald Trump said July 13 that the United States would soon send Patriot missile interceptors to Ukraine, two weeks after the U.S. decision to pause weapons deliveries to Kyiv.
San Francisco Chronicle
24 minutes ago
- San Francisco Chronicle
A Berlin doctor goes on trial, accused of murdering 15 patients
BERLIN (AP) — A German doctor went on trial in Berlin Monday, accused of murdering 15 of his patients who were under palliative care. The prosecutor's office brought charges against the 40-year-old doctor 'for 15 counts of murder with malice aforethought and other base motives' before a Berlin state court. The prosecutor's office is seeking not only a conviction and a finding of particularly serious guilt, but also a lifetime ban on practicing medicine and subsequent preventive detention. Murder charges carry a maximum sentence of life in prison. If a court establishes that a suspect bears particularly severe guilt, that means he wouldn't be eligible for release after 15 years as is usually the case in Germany. Parallel to the trial, the prosecutor's office is investigating dozens of other suspected cases in separate proceedings. The man, who has only been identified as Johannes M. in line with Germany privacy rules, is also accused of trying to cover up evidence of the murders by starting fires in the victims' homes. He has been in custody since Aug. 6. The doctor was part of a nursing service's end-of-life care team in the German capital and was initially suspected in the deaths of just four patients. That number has crept higher since last summer, and prosecutors now accusing him of the deaths of 15 people between Sept. 22, 2021, and July 24 last year. The victims' ages ranged from 25 to 94. Most died in their own homes. The doctor allegedly administered an anesthetic and a muscle relaxer to the patients without their knowledge or consent. The drug cocktail then allegedly paralyzed the respiratory muscles. Respiratory arrest and death followed within minutes, prosecutors said. The doctor did not agree to an interview with a psychiatric expert ahead of the trial, German news agency dpa reported. The expert will therefore observe the defendant's behavior in court and hear statements from witnesses in order to give an assessment of the man's personality and culpability. So far, it is unclear what the palliative care physician's motive might have been, dpa reported. The victims named in the indictment were all seriously ill, but their deaths were not imminent. The defendant will not make a statement to the court for the time being, his defense lawyer Christoph Stoll said, according to dpa. The court has initially scheduled 35 trial dates for the proceedings until January 28, 2026. According to the court, 13 relatives of the deceased are represented as co-plaintiffs. There are several witnesses for each case, and around 150 people in total could be heard in court, dpa reported. An investigation into further suspected deaths is continuing. A specially established investigation team in the homicide department of the Berlin State Criminal Police Office and the Berlin public prosecutor's office investigated a total of 395 cases. In 95 of these cases, initial suspicion was confirmed and preliminary proceedings were initiated. In five cases, the initial suspicion was not substantiated. In 75 cases, investigations are still ongoing in separate proceedings. Five exhumations are still planned for this separate procedure, prosecutors said. In 2019, a German nurse who murdered 87 patients by deliberately bringing about cardiac arrests was given a life sentence. Earlier this month, German investigators in the northern town of Itzehoe said they were examining the case of a doctor who has been suspected of killing several patients.
