Tag: trade

Trump Gives EU July 4 Deadline To Comply With Trade Deal

ISTANBUL, May 8 (Bernama-Anadolu) -- US President Donald Trump warned the European Union (EU) on Thursday that it must eliminate its tariffs by the 250th anniversary of American independence or face significantly higher trade barriers, Anadolu Ajansi reported. “I’ve been waiting patiently for the EU to fulfil their side of the historic trade deal we agreed in Turnberry, Scotland, the largest trade deal ever,” Trump wrote on his social media platform Truth Social after speaking to European Commission President Ursula von der Leyen on the phone. He asserted that a promise was made to reduce tariffs to zero in the trade deal the two signed in the UK last year, a commitment he said remains unfulfilled. The president noted he has granted European leaders until July 4, 2026, to comply with the agreement. Should the 27-member bloc fail to meet the deadline, Trump threatened to escalate US tariffs to "much higher levels." The Turnberry deal, negotiated on July 27, 2025, establishes a 15 per cent rate on most European exports to the US in exchange for zero tariffs on key American industrial and agricultural goods entering the EU. Although the EU Parliament approved the implementing legislation in March with a 417-154 vote, member states continue to negotiate the finalisation of the framework due to attached conditions. Von der Leyen confirmed the "very good" call with Trump and stated on X that both sides "remain fully committed" to the deal's execution, asserting that "good progress is being made towards tariff reduction by early July." Politico, citing one person familiar with the meeting, reported on Thursday that talks between EU lawmakers and governments on implementing the US deal ended Wednesday night without a deal. Trump said last week that Washington would raise tariffs to 25 per cent on cars and trucks imported from the EU, saying ​the bloc had not complied with the trade deal. Beyond trade, the US president said he and von der Leyen discussed the Iran war.

ISTANBUL, May 8 (Bernama-Anadolu) — US President Donald Trump warned the European Union (EU) on Thursday that it must eliminate its tariffs by the 250th anniversary of American independence or face significantly higher trade barriers, Anadolu Ajansi reported. “I’ve been waiting patiently for the EU to fulfil their side of the historic trade deal we […]

PM ANWAR IBRAHIM, PM ALBANESE DEEPEN STRATEGIC PARTNERSHIP, FOCUS ON ENERGY SECURITY AND REGIONAL STABILITY

PUTRAJAYA, 16 APRIL -- Prime Minister Anwar Ibrahim held a bilateral meeting with Australian Prime Minister Anthony Albanese following an official welcome ceremony, as both leaders reaffirmed their commitment to strengthening Malaysia–Australia ties across key strategic sectors. The meeting, conducted in a closed-door one-on-one session, focused on advancing cooperation under the Comprehensive Strategic Partnership, which underscores shared priorities in ensuring regional prosperity, security, stability, and long-term economic growth. Both nations reiterated their commitment to open markets and rules-based trade, anchored in mutual trust and strategic alignment. During the discussions, Anwar and Albanese expressed deep concern over ongoing conflicts in West Asia and their broader implications, particularly on global energy supply chains, pricing volatility, and the flow of critical resources such as oil and natural gas. Both leaders acknowledged the importance of complementing each other’s roles in trade and economic relations, especially in the area of energy security. Malaysia and Australia, they noted, serve as key energy suppliers to one another, reinforcing the need for closer coordination. They also emphasized a shared commitment to maintaining open and rules-based energy trade, ensuring stable trade flows, enhancing transparency, and strengthening collaboration in energy security. Efforts will be intensified to build more resilient energy supply chains, support the transition toward cleaner energy, and expand the adoption of renewable energy sources. The discussions reflect a unified vision to safeguard economic stability and shared prosperity, while reinforcing the Malaysia–Australia partnership as a key pillar in navigating evolving regional and global challenges. -- Minutes MY / Igneseous Noris -- Credit: FB Anwar Ibrahim

PUTRAJAYA, 16 APRIL — Prime Minister Anwar Ibrahim held a bilateral meeting with Australian Prime Minister Anthony Albanese following an official welcome ceremony, as both leaders reaffirmed their commitment to strengthening Malaysia–Australia ties across key strategic sectors. The meeting, conducted in a closed-door one-on-one session, focused on advancing cooperation under the Comprehensive Strategic Partnership, which […]