June 30, 2026
The trade bloc is also reducing its quota of tariff-free steel imports, as trade tensions mount with Beijing. The EU’s goal is to reduce its near-$400 billion annual trade deficit with China. However, the move could hurt other steel exporters with whom the EU has solid relations, including the UK, Ukraine, and Japan. Brussels isn’t the first to make such a move: the Trump administration introduced a global steel tariff last year.
More For You
- YouTube
The global aid system is running out of money just as the world’s crises are multiplying. On Ian Explains, Ian Bremmer unpacks why consequences of shrinking aid budgets extend far beyond the borders of the world’s most vulnerable countries.
Most Popular
Think you know what's going on around the world? Here's your chance to prove it.
As America celebrates 250 years, Bank of America is proud to honor our shared history. Discover our commitment.
The skies over Greenland, Iceland, and Spain will briefly darken today as continental Europe experiences its first total solar eclipse in over 25 years.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.