The United States appears firm on its slated tariff increase on the EU following comments made by U.S. Commerce Secretary Howard Lutnick over the weekend.

The European Union was put on notice that Beijing plans to retaliate against the bloc’s newest sanctions. China’s Ministry of Commerce said that last week’s EU penalties against two banks and five companies seriously harmed trade, economic and financial ties.

World Trade Organization arbitrators on Monday reversed part of a previous panel decision that had rejected the European Union's claims that China had violated the global watchdog's rules on intellectual property.

The two sides have yet to yield a decisive breakthrough despite an earlier round of negotiations in Washington last week.

The EU must strengthen its security and defence partnerships with Asian countries despite pressure from the Trump administration to focus only on Europe’s domestic security, Brussels’ chief diplomat has said, pitching the bloc as a “reliable partner” in contrast with the US.

Premier of the State Council Li Qiang and the two EU leaders will jointly chair the 25th China-EU Summit, the Chinese Foreign Ministry announced on Monday. Commenting on the upcoming 25th China-EU Summit,

WASHINGTON (Reuters) -U.S. Commerce Secretary Howard Lutnick said on Sunday he was confident the United States can secure a trade deal with the European Union, but August 1 is a hard deadline for tariffs to kick in. Lutnick said he had just gotten off the phone with European trade negotiators and there was "plenty of room" for agreement.

Meta says it won’t sign the European Union’s artificial intelligence code of practice agreement, warning that “Europe is heading down the wrong path on AI.” The code published by the EU on July 10th is a voluntary set of guidelines to help companies follow the AI Act’s rules around general-purpose AI before they come into effect in a few weeks.

The European Union and Britain are ramping up pressure on Russia over its war on Ukraine. The EU has introduced new sanctions to deprive Moscow of energy revenue through a lower oil price cap and a ban on transactions with Nord Stream gas pipelines.

Indian private refiners that have leveraged cheap Russian crude to boost margins will be forced to find workarounds and rely more on traders to find new markets for their products after the latest round of European Union sanctions,