The global economy is bracing for renewed turbulence following U.S. President Donald Trump’s announcement on Wednesday of sweeping new tariffs, triggering fears of a global trade war and sparking immediate market and political reactions.According to the White House, the new measures include a 10% minimum tariff on most imported goods, with certain products - particularly those from major U.S.
The European Commission has presented its Clean Industrial Deal which aims to accelerate decarbonization while securing the future of manufacturing in Europe.President Ursula von der Leyen said: “Europe is not only a continent of industrial innovation, but also a continent of industrial production.
The Baltic states of Estonia, Latvia and Lithuania completed a switch from Russia's electricity grid to the EU's system on Sunday, severing Soviet-era ties amid heightened security after the suspected sabotage of several subsea cables and pipelines.European Commission President Ursula von der Leyen hailed the move, years in the planning, as marking a new era of freedom for the region
European Union countries agreed on a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including their first restrictions on Russian gas.The package bans re-exports of Russian liquefied natural gas (LNG) in EU waters but stops short of banning imports as the bloc did in 2022 for Russian seaborne oil.
The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Commission chief Ursula von der Leyen said on Thursday.The bloc was due to launch counter-tariffs on about 21 billion euros ($23.25 billion) of U.S.
Ursula von der Leyen has been re-elected as President of the European Commission. Her political manifesto, presented shortly before the election, matches all the priorities of Danish Shipping for 2024-2029.Danish Shipping welcomes her continued prioritizing of the green transition, industrial policy, and competitiveness.