EU and Parliament reach provisional deal on tariff parts of EU-US Joint Statement
The Council presidency and the European Parliament have reached a provisional agreement on two regulations designed to implement the tariff-related elements of the EU-US Joint Statement agreed on 21 August 2025. The deal was announced by the Council of the EU and the European Council and concerns the legal steps needed to carry out the tariff reductions set out in that statement. The agreement is framed as a move to deliver the commitments undertaken by the European Union in the Joint Statement and to support a stable and predictable transatlantic trade relationship with the United States. The source says the... [Continue Reading]
Breaking-360LiveNews | 20 May 2026 22:30 LONDON
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EU moves to ratify US trade pact amid Trump tariff threat
Representatives from the European Parliament and the EU Council have agreed to move ahead with ratifying a trade pact with the United States, after five hours of talks in Brussels. The decision comes as the bloc faces pressure from US President Donald Trump over the timing of implementation. The agreement was reached on Wednesday, according to the supplied report, and is tied to a deal first found in July 2025.The immediate trigger was a warning from Trump that tariffs on EU autos could rise to 25% if the deal was not implemented by 4 July. The talks were described as... [Continue Reading]
360LiveNews | 20 May 2026 11:31 LONDON
G7 finance ministers meet in Paris amid Iran tensions and tariff concerns
Finance ministers and officials from the G7 gathered in Paris on Tuesday for a second day of high-level economic talks. The meeting brought together representatives from the group's major advanced economies, with images showing leaders arriving for a family photo alongside flags representing the G7 nations and the European Union. Among those attending were French Finance Minister Roland Lescure and US Treasury Secretary Scott Bessent.The talks were taking place in the French capital as governments weighed the economic effects of rising tensions linked to Iran, US tariffs and disruptions around the Strait of Hormuz. The confirmed agenda included oil prices,... [Continue Reading]
360LiveNews | 19 May 2026 19:29 LONDON
