European Commission Vows Firm Response to Any New US Tariffs
The European Commission in Brussels has rejected US President Donald Trump's warning that tariffs of up to 100 percent could be imposed on exports from European countries that introduce new digital taxes on US technology companies. The Commission said the European Union and its member states retain the sovereign right to regulate economic activity within their territories in line with democratic values and international obligations. A Commission spokesperson said any unilateral measures targeting those policies would be unjustified. The EU, the spokesperson added, would respond swiftly and decisively to defend its rights and regulatory autonomy if Washington carried out the... [Continue Reading]
Breaking-360LiveNews | 27 Jun 2026 22:30 LONDON
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Day News Recap: Iran Gulf strikes deepen tensions as Ukraine, Venezuela and trade rows add pressure
Iran and the United States traded fresh strikes and accusations across the Gulf, with reports of attacks on US linked targets, retaliation against Iranian sites and new incidents involving Bahrain and shipping, raising fears that the fragile ceasefire is under renewed strain. 🔗 🔗 🔗 🔗 🔗The Strait of Hormuz remained a flashpoint after a Singapore flagged cargo ship was reported attacked and a Panama flagged oil tanker was struck by an unidentified projectile, although the crew was said to be safe. The incidents added to concern over one of the world's most important energy routes. 🔗 🔗In Gaza, Israeli... [Continue Reading]
360LiveNews Recap | 27 Jun 2026 18:03 LONDON
Noontime News Recap: Gulf tensions flare as Russia strikes Ukraine and Trump threatens EU tariffs
Iran and the United States traded fresh accusations and military strikes in the Gulf, raising alarm that a fragile ceasefire is coming under renewed strain as tensions escalate again. 🔗Security incidents were also reported in Bahrain and Iraq, adding to the sense of widening instability across the Gulf and northern Iraq as the confrontation between Tehran and Washington deepens. 🔗In Ukraine, Russian overnight strikes killed at least two people and injured more than 20 across several regions, according to Ukrainian officials, in another reminder that the war remains highly active despite repeated international calls for restraint. 🔗China reported a deadly... [Continue Reading]
360LiveNews Recap | 27 Jun 2026 12:03 LONDON
Trump threatens 100% tariffs over digital services taxes, escalating pressure on EU trade ties
US President Donald Trump has threatened to impose a 100% import tariff on goods from any European country that introduces a digital services tax on American companies. In a post on Truth Social, he said the measure would take effect immediately and would override any existing trade deals with the country concerned. The warning was directed at countries that have already adopted such taxes, as well as those he said were close to doing so.Trump said "numerous European countries" had been discussing digital services taxes and argued that any country imposing one would face a tariff on "any and all... [Continue Reading]
360LiveNews | 27 Jun 2026 11:31 LONDON
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Breakfast News Recap: Iran tensions flare as Venezuela reels from quakes and UK rescue teams deploy
US President Donald Trump has accused Iran of a “foolish violation” of the ceasefire after a cargo ship was struck in the Strait of Hormuz, and Washington released footage of strikes on Iranian missile and drone storage sites and coastal radar positions after the attack on a Singapore flagged vessel. 🔗 🔗In the Middle East, Israel and Lebanon signed a framework agreement in Washington that is meant to guide further negotiations, while Israeli prosecutors charged six settlers over an attack on Deir Dibwan and a mosque in the occupied West Bank. 🔗 🔗 Tens of thousands also gathered in Beirut’s... [Continue Reading]
360LiveNews Recap | 27 Jun 2026 08:18 LONDON
Trump expected to visit India in early 2027 as trade deal nears finalisation
United States President Donald Trump is expected to visit India in early 2027, according to US Ambassador to India Sergio Gor. The planned trip comes as Washington and New Delhi work to finalise a long-awaited trade deal and expand cooperation in energy, defence and technology. It would be Trump's first visit to India since relations were strained by US tariffs on Indian imports.Gor said preparations for the visit are already under way and that he is due to travel to India to help finalise the presidential trip. He said the two sides are now focused on the wording of the... [Continue Reading]
360LiveNews | 27 Jun 2026 07:00 LONDON
China expands retaliation against 10 U.S. firms as finance ministry bars purchases from 46 companies
China has widened its retaliation against U.S. companies by imposing export controls on 10 American firms and separately barring government agencies from buying products from 46 others. The measures were announced on Monday by China's Commerce Ministry and Finance Ministry, and were presented as a response to recent U.S. restrictions on Chinese companies. Beijing said the export controls cover dual-use items, meaning goods that can be used in both civilian and military settings.The Commerce Ministry said Chinese exporters would be prohibited from supplying dual-use items to the listed entities, and that the restrictions also apply to organisations or individuals in... [Continue Reading]
360LiveNews | 22 Jun 2026 10:01 LONDON
Australia timber industry says Russian wood is entering via sanctions loopholes
Australia's forest products industry says Russian-grown timber is still reaching the country through third countries, despite tariffs imposed after Russia's invasion of Ukraine. The Australian Forest Products Association says the material is being rerouted and processed abroad before entering Australia as products that do not attract the Russian-origin tariff. The group says the issue is affecting local producers in a market it describes as already depressed.Acting chief executive Richard Hyett said timber can be manufactured in another country or substantially transformed and then avoid the tariff. He said Russian timber can be sent to China, turned into laminated veneer lumber,... [Continue Reading]
360LiveNews | 21 Jun 2026 03:00 LONDON
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