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The Advertiser
12 hours ago
- The Advertiser
EU ready to hit US with $37b tariff list: Italy
The European Union has already prepared a list of tariffs worth 21 billion euros ($A37 billion) on US goods if the two sides fail to reach a trade deal, Italy's Foreign Minister Antonio Tajani says. President Donald Trump on Saturday threatened to impose a 30 per cent tariff on imports from Mexico and the EU starting on August 1 after weeks of negotiations with major US trading partners failed to reach a comprehensive deal. Tajani told daily newspaper Il Messaggero that to help the euro zone economy the European Central Bank should consider a new "quantitative easing" bond-buying-program, and more interest rate cuts. The European Union said on Sunday it would extend its suspension of countermeasures to US tariffs until early August and continue to press for a negotiated settlement. Tajani said the 21-billion-euro package of tariffs the EU had already prepared could be followed by a second set if a deal with the US proved impossible. He said, however, he was confident that progress could be made in negotiations. "Tariffs hurt every one, starting with the United States," he said. "If stock markets fall that puts at risk the pensions and the savings of the Americans." He said the goal should be "zero tariffs" and an open market among Canada, the United States, Mexico and Europe. German Chancellor Friedrich Merz said on Sunday he would work intensively with French President Emmanuel Macron and European Commission President Ursula von der Leyen to resolve the escalating trade war with the United States. European Trade Commissioner Maros Sefcovic said on Monday that Washington and Brussels were approaching a positive outcome for both sides, and warned that a 30 per cent tariff would practically eliminate trade. The European Union has already prepared a list of tariffs worth 21 billion euros ($A37 billion) on US goods if the two sides fail to reach a trade deal, Italy's Foreign Minister Antonio Tajani says. President Donald Trump on Saturday threatened to impose a 30 per cent tariff on imports from Mexico and the EU starting on August 1 after weeks of negotiations with major US trading partners failed to reach a comprehensive deal. Tajani told daily newspaper Il Messaggero that to help the euro zone economy the European Central Bank should consider a new "quantitative easing" bond-buying-program, and more interest rate cuts. The European Union said on Sunday it would extend its suspension of countermeasures to US tariffs until early August and continue to press for a negotiated settlement. Tajani said the 21-billion-euro package of tariffs the EU had already prepared could be followed by a second set if a deal with the US proved impossible. He said, however, he was confident that progress could be made in negotiations. "Tariffs hurt every one, starting with the United States," he said. "If stock markets fall that puts at risk the pensions and the savings of the Americans." He said the goal should be "zero tariffs" and an open market among Canada, the United States, Mexico and Europe. German Chancellor Friedrich Merz said on Sunday he would work intensively with French President Emmanuel Macron and European Commission President Ursula von der Leyen to resolve the escalating trade war with the United States. European Trade Commissioner Maros Sefcovic said on Monday that Washington and Brussels were approaching a positive outcome for both sides, and warned that a 30 per cent tariff would practically eliminate trade. The European Union has already prepared a list of tariffs worth 21 billion euros ($A37 billion) on US goods if the two sides fail to reach a trade deal, Italy's Foreign Minister Antonio Tajani says. President Donald Trump on Saturday threatened to impose a 30 per cent tariff on imports from Mexico and the EU starting on August 1 after weeks of negotiations with major US trading partners failed to reach a comprehensive deal. Tajani told daily newspaper Il Messaggero that to help the euro zone economy the European Central Bank should consider a new "quantitative easing" bond-buying-program, and more interest rate cuts. The European Union said on Sunday it would extend its suspension of countermeasures to US tariffs until early August and continue to press for a negotiated settlement. Tajani said the 21-billion-euro package of tariffs the EU had already prepared could be followed by a second set if a deal with the US proved impossible. He said, however, he was confident that progress could be made in negotiations. "Tariffs hurt every one, starting with the United States," he said. "If stock markets fall that puts at risk the pensions and the savings of the Americans." He said the goal should be "zero tariffs" and an open market among Canada, the United States, Mexico and Europe. German Chancellor Friedrich Merz said on Sunday he would work intensively with French President Emmanuel Macron and European Commission President Ursula von der Leyen to resolve the escalating trade war with the United States. European Trade Commissioner Maros Sefcovic said on Monday that Washington and Brussels were approaching a positive outcome for both sides, and warned that a 30 per cent tariff would practically eliminate trade. The European Union has already prepared a list of tariffs worth 21 billion euros ($A37 billion) on US goods if the two sides fail to reach a trade deal, Italy's Foreign Minister Antonio Tajani says. President Donald Trump on Saturday threatened to impose a 30 per cent tariff on imports from Mexico and the EU starting on August 1 after weeks of negotiations with major US trading partners failed to reach a comprehensive deal. Tajani told daily newspaper Il Messaggero that to help the euro zone economy the European Central Bank should consider a new "quantitative easing" bond-buying-program, and more interest rate cuts. The European Union said on Sunday it would extend its suspension of countermeasures to US tariffs until early August and continue to press for a negotiated settlement. Tajani said the 21-billion-euro package of tariffs the EU had already prepared could be followed by a second set if a deal with the US proved impossible. He said, however, he was confident that progress could be made in negotiations. "Tariffs hurt every one, starting with the United States," he said. "If stock markets fall that puts at risk the pensions and the savings of the Americans." He said the goal should be "zero tariffs" and an open market among Canada, the United States, Mexico and Europe. German Chancellor Friedrich Merz said on Sunday he would work intensively with French President Emmanuel Macron and European Commission President Ursula von der Leyen to resolve the escalating trade war with the United States. European Trade Commissioner Maros Sefcovic said on Monday that Washington and Brussels were approaching a positive outcome for both sides, and warned that a 30 per cent tariff would practically eliminate trade.
Sky News AU
13 hours ago
- Sky News AU
‘A real pain': Brigitte Macron's snubs to French President raise eyebrows
'To Di For' podcast host Kinsey Schofield discusses the bizarre relationship between Emmanuel and Brigitte Macron, following the French President's apparent snub by his wife during their UK state visit. 'I wish I felt sympathy for Brigitte, but we recently saw her appear to almost hit him [Emmanuel] on a plane,' Ms Schofield told Sky News host Rita Panahi. 'There's another video where she's walking down the staircase, and he reaches for her arm too on the plane, and she refuses to take it, she just ignores him. 'She seems like a real pain in the you know what, so I don't feel sympathy when people are asking tough questions about her because she doesn't seem like a very nice person to me.'
Perth Now
14 hours ago
- Perth Now
Donald Trump's UK state visit date confirmed
King Charles will host Donald Trump at Windsor Castle in September. The US president and his wife Melania have accepted a formal invitation from the British monarch for an official state visit, with Buckingham Palace confirming the brief trip will take place between 17 and 19 September. However, the US leader will not have the honour of addressing Parliament because it will be in recess from the day of his arrival until mid-October. Trump is also not expected to visit Buckingham Palace, because it is currently being refurbished, or take a ceremonial carriage ride down the Mall in London, the Daily Telegraph reports. Similarly, last week's state visitors, French president Emmanuel Macron and his wife Brigitte, also didn't visit the royal residence in the capital, but they did enjoy a carriage procession with the royals. The visit will coincide with the fourth anniversary of Queen Elizabeth II's funeral on 19 September. Previous state visitors have paid tribute to the late monarch, with the French president laying a wreath on her tomb in St George's Chapel on his trip last week, while Japan's Emperor Naruhito left flowers there last June. Trump, Melania and his adult children previously enjoyed a state visit in June 2019 during his first presidency, with the 79-year-old business mogul enjoying tea with Queen Elizabeth at Windsor Castle. September's trip will make the president the first elected politician in modern history to be hosted by the British royal family for two state visits. Trump previously claimed that he had "a great relationship with the Queen" and they had a lot of "fun" together on his state visit. He told Fox news: "We were laughing and having fun. And her people said she hasn't had so much fun in 25 years. "Then I got criticised for it because they said we were having too much fun … I feel I know her so well and she certainly knows me very well right now, but we have a very good relationship with the United Kingdom." The former Apprentice star paid a heartfelt tribute to the late monarch following her death in 2022. He wrote at the time: "Melania and I are deeply saddened to learn of the loss of Her Majesty Queen Elizabeth II. Together with our family and fellow Americans, we send our sincere condolences to the Royal Family and the people of the United Kingdom during this time of great sorrow and grief. "Melania and I will always cherish our time together with the Queen, and never forget Her Majesty's generous friendship, great wisdom, and wonderful sense of humor. What a grand and beautiful lady she was—there was nobody like her!"
