More stories

  • in

    European Union Unveils Fresh Sanctions on Russia, Including a Nord Stream Ban

    Ursula von der Leyen, president of the European Commission, announced a proposal meant to ramp up pressure on Moscow.The European Union’s executive arm unveiled its latest package of sanctions against Russia, aiming to apply pressure to President Vladimir V. Putin by damaging the nation’s energy and banking sectors.The sanctions proposed on Tuesday — which still need to be debated and passed by member states — would ban transactions with the Nord Stream pipelines, hoping to choke off future flows of energy from Russia into Europe.They would lower the price cap at which Russian gas can be purchased on global markets, hoping to chip away at Russian revenues.And they would hit both Russian banks and the so-called “shadow fleet,” old tanker ships, often registered to other countries or not registered at all, that Moscow uses to covertly transport and sell its oil around the world to skirt energy sanctions. The new measures would blacklist a new batch of ships that are being used in this way.The proposal is the 18th sanctions package to come out of Brussels since Russia’s full-scale invasion of Ukraine. Taken as a whole, the measures are a sweeping effort to threaten Russian economic might and morale at a critical juncture in the war.The announcement comes as peace talks between Russia and Ukraine stall. Despite pressure from the Trump administration to work toward a cease-fire, the latest round of talks between the two sides, earlier this month in Istanbul, created little result outside of another agreement to swap prisoners.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

  • in

    Macron Will Visit Greenland This Month, Defying Trump

    President Emmanuel Macron of France plans to travel to the island nation, which President Trump has vowed to take control of, on the way to Canada for a Group of 7 meeting.In a challenge to President’s Trump’s vow to take control of Greenland, President Emmanuel Macron of France will visit the enormous Arctic island on June 15 with the aim of “contributing to the reinforcement of European sovereignty.”The French presidency announced the visit on Saturday, saying that Mr. Macron had accepted an invitation from Jens-Frederik Nielsen, Greenland’s prime minister, and Mette Frederiksen, the Danish prime minister, with whom it said Mr. Macron would discuss “security in the North Atlantic and the Arctic.”Greenland, a semiautonomous island that is a territory of Denmark, a NATO ally, has been thrust in recent months from a remote, uneventful existence to the center of a geostrategic storm by Mr. Trump’s repeated demands that it become part of the United States, one way or another.“I think there’s a good possibility that we could do it without military force,” Mr. Trump told NBC in March, but added that he would not “take anything off the table.”Mr. Macron, who has seen in the various provocations directed at Europe by the Trump administration an opportunity for European assertion of its power, will be the first foreign head of state to go to Greenland since Mr. Trump embarked on his annexation campaign this year.JD Vance, the American vice president, visited Greenland in March. The trip was drastically scaled back and confined to a remote military base after the threat of local protests.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

  • in

    Europe Secured a Tariff Delay From Trump, but Can It Now Make a Deal?

    Officials from the European Union and the United States will start a new negotiating push on Monday, after President Trump delayed until July 9 the 50 percent tariffs he imposed on the bloc.When President Trump this weekend delayed 50 percent tariffs on the European Union by more than a month, officials on both sides of the Atlantic billed the move as an opportunity to kickstart discussions and reach a trade deal.“Talks will begin rapidly,” Mr. Trump said on Truth Social on Sunday night, after speaking by phone with Ursula von der Leyen, the president of the European Commission.And Paula Pinho, a spokeswoman for the European Commission, said at a news conference on Monday that the discussion between the two leaders offered “a new impetus for the negotiations.”But the path toward de-escalation remains fraught. The United States and the European Union still have different priorities, ones that could remain an obstacle to a rapid agreement. And it is not clear that either the demands or offers on the table have changed.The goal is for the two sides to reach some solution before July 9, when the 50 percent levies are now set to take effect — delayed from the June 1 date Mr. Trump had set when he first announced them last week.Discussions are poised to resume immediately. Maros Sefcovic, the E.U.’s trade commissioner, was set to have a phone call Monday afternoon with Howard Lutnick, the U.S. commerce secretary.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

  • in

    Donald Trump announces he will pause threatened 50% tariffs on Europe after call with EU chief – US politics live

    Donald Trump has warned that if Vladimir Putin attempts to conquer all of Ukraine, it will lead to the “downfall” of Russia, while also criticising Volodymyr Zelenskyy in a Sunday night post on Truth Social.“I’ve always had a very good relationship with Vladimir Putin of Russia, but something has happened to him. He has gone absolutely CRAZY!” Trump wrote in a social media post, adding, “I’ve always said that he wants ALL of Ukraine, not just a piece of it, and maybe that’s proving to be right, but if he does, it will lead to the downfall of Russia!”Earlier on Sunday the US president told reporters that was he was “very surprised” that his Russian counterpart had intensified the bombardment of Ukrainian cities despite the US president’s efforts to broker a ceasefire.Pressed by a reporter to say if he was now seriously considering “putting more sanctions on Russia”, Trump replied: “Absolutely. He’s killing a lot of people. What the hell happened to him?”In his post on Sunday night, Trump also criticised Zelenskyy, saying the Ukrainian president was “doing his Country no favors by talking the way he does.”“Everything out of his mouth causes problems, I don’t like it, and it better stop.”Hello and welcome to the US politics live blog. I’m Tom Ambrose and will be bringing you all the latest news lines throughout the day.Donald Trump has announced that he will pause his threatened 50% tariffs on the European Union until 9 July, after a “very nice call” with EU chief Ursula von der Leyen.The European Commission president announced in a social media post that she had spoken with Trump and secured the delay to give the two sides more time to negotiate.European assets rallied on Monday, Reuters reported. The euro hit its highest level against the dollar since 30 April, while European shares surged and were poised to recoup the previous session’s losses.“Europe is ready to advance talks swiftly and decisively,” von der Leyen wrote. “To reach a good deal, we would need the time until July 9.”Brussels and Washington have been locked in negotiations in a bid to avert an all-out transatlantic trade war, after Trump’s tariff threat on Friday dramatically raised the stakes.Trump warned he would impose 50% tariffs on all of the bloc’s imports into the US, saying “discussions with them are going nowhere”, adding that the tariffs would be applied from 1 June. Trump claimed he was “not looking for a deal”, repeating his longstanding view that European states had “banded together to take advantage of us”.For the full story, see here:In other news:

    President Donald Trump said Vladimir Putin had “gone absolutely CRAZY” by unleashing the largest aerial attack of the war on Ukraine and said he was weighing new sanctions on Moscow, though he also scolded Ukrainian president Volodymyr Zelenskyy. Trump posted the remark on Truth Social as sleeping Ukrainians woke to a third consecutive night of Russian aerial attacks, listening for hours to drones buzzing near their homes and eruptions of Ukrainian anti-aircraft fire.

    The United States demanded that South Korea resolve the large trade imbalance between the countries during recent trade talks, South Korean media reported on Monday. The US repeatedly raised the issue of the trade imbalance in the commodity sector and both countries agreed it was necessary to address it, broadcaster YTN and the Yonhap news agency reported, citing an unnamed South Korean trade official who was part of the trade delegation.

    Trump said on Sunday his tariff policy was aimed at promoting the domestic manufacturing of tanks and technology products, not sneakers and T-shirts. Speaking to reporters before boarding Air Force One in New Jersey, Trump said he agreed with comments from Treasury Secretary Scott Bessent on 29 April that the US does not necessarily need a “booming textile industry” – comments that drew criticism from the National Council of Textile Organizations. “We’re not looking to make sneakers and T-shirts. We want to make military equipment. We want to make big things. We want to do the AI thing with computers,” Trump said.

    Malaysian prime minister Anwar Ibrahim said on Monday he has written to US president Donald Trump to organise a meeting between the United States and the Asean regional bloc. Malaysia is chair of the Association of Southeast Asian Nations grouping this year.

    Hong Kong’s education bureau has called on the city’s universities to “attract top talent” by opening their doors to those affected by the Trump administration’s attempt to ban Harvard from enrolling international students. Last week the Trump administration revoked Harvard’s Student and Exchange Visitor Program certification, effectively banning the university from accepting foreign students.

    Federal judges are discussing a proposal that would shift the armed security personnel responsible for their safety away from the Department of Justice and under their own control, as fears mount that the Trump administration is failing to protect them from a rising tide of hostility. The idea of creating their own armed security detail emerged at a meeting of about 50 federal judges two months ago, according to a Wall Street Journal report.

    Trump has been warned by fiscal hawks within his own party in the US senate that he must “get serious” about cutting government spending and reducing the national debt, or else they will block the passage of his signature tax-cutting legislation known as the “big, beautiful bill”. More

  • in

    Trump Delays E.U. Tariffs Until July 9

    President Trump said he would give the European Union more time to negotiate a trade deal before 50 percent tariffs take effect.President Trump said on Sunday that he would delay imposing 50 percent tariffs on all imports from the European Union until July 9 to allow more time for trade negotiations.In a post on Truth Social, Mr. Trump said that he had spoken to Ursula von der Leyen, president of the European Commission, about his recent threat to enact the tariffs on June 1 if a trade deal could not be reached in the next week.Mr. Trump has expressed frustration over negotiations with the E.U., saying that the union has been slow to offer trade concessions during a 90-day window to reach a deal that satisfies the administration. But his threat to hit the union with a steep tariff raised the chances of an economically destabilizing trade war with one of the world’s largest economies.On Sunday, Mr. Trump appeared to relent, at least for now.“The Commission President said that talks will begin rapidly,” Mr. Trump wrote, referring to Ms. von der Leyen. The European Commission is the executive arm of the European Union.Ms. von der Leyen, in a separate social media post on Sunday, said that she had a “good call” with Mr. Trump and had conveyed to him that the E.U. needed extra time to reach a trade deal. She said that talks would advance “swiftly and decisively.”“The E.U. and the U.S. share the world’s most consequential and close trade relationship,” she wrote.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

  • in

    Trump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’

    Donald Trump has said he will impose a 50% tariff on all EU imports to the US from 1 June after claiming trade talks between the two trading blocs were “going nowhere”.In a surprise announcement, the US president posted on his Truth Social platform that his long-running battle to secure concessions from the EU had stalled.He accused the EU of taking advantage of the US on trade, saying: “Our discussions with them are going nowhere! Therefore I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”Speaking to reporters in the Oval Office, Trump claimed the EU had “taken advantage” of the US and claimed the new tariffs would be imposed unless EU companies moved their operations to the US.“It’s time that we play the game the way I know how to play the game,” said Trump.Stock markets slumped in response to the news, the tech-heavy Nasdaq closed down 1% as Trump also signalled plans to impose tariffs on Apple, Samsung and other phone manufacturers. The broader S&P 500 lost 0.68%. The STOXX Europe 600 index fell by 1.7%. In London the FTSE 100 closed down 0.2% after initially dropping as much as 1.5%. Germany’s car makers were particularly hard hit, with BMW down 3.7%, Volkswagen off 2.6% and Mercedes-Benz down 4%.The US imposed a 20% “reciprocal” rate on most EU goods on 2 April, but halved that rate a week later until 8 July to allow time for talks. It has retained 25% import taxes on steel, aluminium and vehicle parts and is threatening similar action on pharmaceuticals, semiconductors and other goods.skip past newsletter promotionafter newsletter promotion“This is a major escalation of trade tensions,” said Holger Schmieding, the chief economist at Berenberg, on Friday. “With Trump you never know but this would be a major escalation. The EU would have to react and it is something that would really hurt the US and European economy.”EU negotiators have been locked in meetings with White House representatives since Trump’s so-called “liberation day” tariffs were first announced. Dozens of countries have been holding discussions to try to bring down their own levies before the 90-day pause elapses.The White House has relented on many of its most onerous tariffs, including lowering total tariffs on Chinese goods from 145% to 30% after what Trump declared were constructive talks with Beijing, which lowered its retaliatory border taxes from 125% to 10% in response.A week ago the US president appeared to acknowledge that Washington lacked the ability to negotiate deals with scores of countries at once, saying the US would instead send letters to some trading partners to unilaterally impose new tariff rates.Perceptions of an easing back on a hardline approach to trade brought a period of calm to stock markets, but Friday’s threat of a 50% levy on EU goods, plus a separate threat made the same day of 25% tariffs on iPhones made abroad, have brought an end to the peace.The EU presented a fresh trade proposal to the US on Thursday. The offer included phased tariff cuts on non-sensitive goods, plus cooperation on energy, AI and digital infrastructure. The bloc was readying about $108bn in retaliatory tariffs if talks failed.To sweeten the deal, EU officials were also willing to extend a 2020 tariff-free arrangement on US lobster imports, according to the Financial Times. But it appears to have proved insufficient to persuade the US president to sign a deal allowing only his 10% universal tariff to apply to the EU, as it does the UK. More

  • in

    Trump Threatens 50% Tariff on E.U. and 25% Tariff on Apple

    The president threatened both Apple and the European Union with higher tariffs on social media Friday morning, saying that trade talks with the Europeans had stalled.President Trump threatened to revive his global trade wars Friday morning, saying he would apply a steep tariff to European exports starting in just over a week and warning Apple that iPhones manufactured outside of the United States would face a 25 percent tariff.The president wrote on Truth Social Friday morning that discussions with the European Union “are going nowhere” and that he is recommending a 50 percent tariff on European imports as of June 1.“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with,” Mr. Trump wrote. He claimed the bloc’s trade barriers, taxes, corporate penalties and other policies had contributed to a trade imbalance with the United States that was “totally unacceptable.”In an earlier social media post, the president also targeted Tim Cook, the chief executive of Apple, who visited Mr. Trump at the White House last week. The president wrote that iPhones sold in the United States should be “manufactured and built in the United States, not India, or anyplace else.”If they are not, Mr. Trump said the smartphones would face a 25 percent tariff.The posts appeared to rattle financial markets, with stock futures pointed sharply lower in premarket trading. In Europe, carmakers’ shares were the worst hit. Shares in Stellantis and Mercedes-Benz fell about 4.5 percent, and shares in Volkswagen and Porsche were down more than 3 percent. Estimates by the Kiel Institute for the World Economy, a German economic research institute, showed that the tariffs would lead to a 20 percent drop in exports from the European Union to the United States in the short term, as well as a more than 6 percent increase in prices in the United States.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

  • in

    EU Plans New Sanctions on Russia in Push for Ukraine Cease-fire

    The European Union has now targeted Moscow’s fleet of covert oil tankers and plans more restrictions, as the Trump administration’s approach to the war shifts.European Union defense and foreign ministers approved a new package of sanctions on Russia on Tuesday, targeting covert oil exports, days after the top E.U. official announced plans for a further set of even tougher restrictions.The point is to intensify Russia’s economic pain — and by doing so, to prod President Vladimir V. Putin toward peace talks to end the war in Ukraine. The push comes as questions mount about how the United States will approach future sanctions.After a call between President Trump and Mr. Putin on Monday, the White House backed off its demand that Russia declare an immediate cease-fire. President Volodymyr Zelensky of Ukraine said at a news conference that it was unclear whether the United States would join with Europe in stepping up sanctions.E.U. nations have imposed extensive sanctions on Russia since its full-scale invasion of Ukraine in 2022. The ones they approved on Tuesday are the 17th set. These take aim at Russia’s so-called shadow fleet — old tanker ships that Moscow uses to covertly transport and sell its oil around the world.Officials are already discussing an 18th package. Ursula von der Leyen, the president of the European Commission, the E.U. executive arm, said last week that officials could go after gas pipelines, hit banks and push to further crimp Russia’s global energy sales.“It takes two to want peace, and it takes only one to want war,” Kaja Kallas, the European Union’s top diplomat, said on Tuesday. “In order to make Russia want peace, also, we need to put more pressure on Russia.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More