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QUOTES-Reaction to Trump announcement of 30% tariffs on EU, Mexico
July 12 (Reuters) - Goods imported from both the European Union and Mexico will face a 30% U.S. tariff rate starting on August 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday.Following are reactions to the announcement:EUROPEAN COUNCIL PRESIDENT ANTONIO...Reuters
Sat, Jul 12
US demands clarity from allies on their role in potential war over Taiwan, FT reports
July 12 (Reuters) - The Pentagon is urging Japan and Australia to clarify what role they would play if the U.S. and China went to war over Taiwan, the Financial Times reported on Saturday.Elbridge Colby, the U.S. under-secretary of defense for policy, has been pushing the matter during recent talks ...Reuters
Sat, Jul 12
Iran says it will work with IAEA but inspections may be risky
DUBAI, July 12 (Reuters) - Iran plans to cooperate with the U.N. nuclear watchdog despite restrictions imposed by its parliament, Foreign Minister Abbas Araqchi said on Saturday, while stressing that access to its bombed nuclear sites posed security and safety issues.A new law passed in Iran followi...Reuters
Sat, Jul 12
Germany's export association says Europe should not be intimidated U.S. tariff threat
July 12 (Reuters) - Europe should not be intimidated by Donald Trump's negotiating tactics, Germany's exporters' association said on Saturday, after the U.S. President threatened to impose 30% tariffs on imports from August 1.The Association of Wholesale, Foreign Trade and Services, or B...Reuters
Sat, Jul 12
Dutch PM says announced US tariffs on EU goods are 'concerning'
AMSTERDAM, July 12 (Reuters) - The U.S. announcement it will impose a 30% tariff on EU goods from August 1st is "concerning" and not the way forward, Dutch Prime Minister Dick Schoof said on social media platform X on Saturday. "The European Commission can count on our full support. As t...Reuters
Sat, Jul 12
Germany's VDA auto association warns of growing costs from U.S. trade war
July 12 (Reuters) - Germany's VDA auto association on Saturday warned of growing costs for carmakers and suppliers after U.S. President Donald Trump threatened to impose 30% tariffs on imports from the European Union and Mexico."It is regrettable that there is a threat of a further escalatio...Reuters
Sat, Jul 12
EU ready to protect its interests, European Council President Costa says
BRUSSELS, July 12 (Reuters) - The European Union "remains firm, united and ready to protect (its) interests," European Council President Antonio Costa said on Saturday, following U.S. President Donald Trump's announcement of 30% tariffs on EU goods starting August 1."Tariffs are taxe...Reuters
Sat, Jul 12
Italian court backs order to Unicredit to leave Russia as Banco BPM merger condition
By Valentina Za and Giuseppe Fonte MILAN, July 12 (Reuters) - An Italian court has backed the government's order to UniCredit CRDI.MI to exit Russia as a condition for its $16 billion bid for rival Banco BPM BAMI.MI, while rejecting other conditions for the takeover, according to a ruling pub...Reuters
Sat, Jul 12
Mexico economy ministry says working on deal before US tariffs on Aug. 1
MEXICO CITY, July 12 (Reuters) - Mexico's economy ministry on Saturday said a bilateral working group aims to reach an alternative to 30% U.S. tariffs before they take effect on August 1. Mexico was informed by the U.S. that it would receive a letter about the tariffs, the ministry's stateme...Reuters
Sat, Jul 12
German industry association calls for urgent talks after Trump tariff announcement
ZURICH, July 12 (Reuters) - Germany's BDI industry association called for urgent talks to resolve an escalating trade war after U.S. President Donald Trump threatened to impose 30% tariffs on imports from the European Union."President Trump's announcement is an alarm signal for industry ...Reuters
Sat, Jul 12
Bavaria's fairy-tale palaces granted world heritage status
July 12 (Reuters) - Bavaria's fairy-tale royal castles, including Neuschwanstein, Herrenchiemsee and Linderhof, have been added to the UNESCO World Heritage list, officials said on Saturday.The decision, made by the UNESCO World Heritage Committee during its 47th session in Paris, is recognising...Reuters
Sat, Jul 12
U.S. informed EU of tariff letter in advance, says EU spokesperson
BRUSSELS, July 12 (Reuters) - The United States informed the European Union of the letter announcing 30% tariffs on EU goods in advance, a spokesperson for the European Commission said on Saturday.European Commission President Ursula von der Leyen has warned of countermeasures if the U.S. tariffs go...Reuters
Sat, Jul 12
Dutch PM says announced US tariffs on EU goods are 'concerning'
AMSTERDAM, July 12 (Reuters) - The U.S. announcement it will impose a 30% tariff on EU goods from August 1st is "concerning" and not the way forward, Dutch Prime Minister Dick Schoof said on social media platform X on Saturday. "The European Commission can count on our full support. As t...Reuters
Sat, Jul 12
Italy says it's crucial to remain focused on trade talks with US, avoid polarisation
MILAN, July 12 (Reuters) - It is crucial to remain focused on trade negotiations with the United States and avoid further polarisation, Italy's prime minister's office said in a statement after U.S. President Donald Trump announced 30% tariffs on European goods. Prime Minister Giorgia Meloni...Reuters
Sat, Jul 12
EU's von der Leyen warns of countermeasures if U.S. 30% tariffs go ahead
BRUSSELS, July 12 (Reuters) - The EU is prepared to take the necessary steps to safeguard its interests if the U.S. proceeds with imposing a 30% tariff on European goods starting Aug 1, European Commission President Ursula von der Leyen said on Saturday.Von der Leyen, who heads the EU's executiv...Reuters
Sat, Jul 12
QUOTES-Trump announces 30% tariffs on EU, Mexico
July 12 (Reuters) - Goods imported from both the European Union and Mexico will face a 30% U.S. tariff rate starting August 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday.Following are reactions to the announcement:DAN O'BRIEN, CHIEF ECONOMIST, INS...Reuters
Sat, Jul 12
US online spending surges $24.1 billion as steep discounts boost sales, Adobe says
July 12 (Reuters) - Online spending soared $24.1 billion across U.S. retailers during the stretch from July 8 to 11 – dubbed "Black Friday in Summer", outpacing Adobe Analytics' prior forecast, as eager shoppers rushed to snap up deep discounts on back-to-school essentials.Retailers reco...Reuters
Sat, Jul 12
Trump's threat of 30% tariff on European goods is negotiating tactic, say three EU officials
BRUSSELS, July 12 (Reuters) - U.S. President Donald Trump's threat to impose a 30% tariff on goods from the European Union starting from August 1st is a negotiating tactic, three EU officials told Reuters on Saturday.Reuters
Sat, Jul 12
FM Araqchi says Iran to work with IAEA, but inspections may be risky
DUBAI, July 12 (Reuters) - Iran plans to cooperate with the U.N. nuclear watchdog despite restrictions imposed by its parliament, Iranian Foreign Minister Abbas Araqchi said on Saturday, but stressed that access to its bombed nuclear sites posed security and safety issues.The new law stipulates that...Reuters
Sat, Jul 12
