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EU Poised to Hit Back at U.S. Tariffs with Countermeasures on $28 Billion Worth of Imports

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The European Union is preparing to approve a package of retaliatory tariffs on up to $28 billion worth of U.S. imports in response to President Donald Trump’s sweeping trade duties, including 25% tariffs on steel, aluminium, and automobiles. The proposed EU counter-tariffs target a wide range of U.S. goods—from chewing gum and dental floss to meat, wine, and clothing—and will likely be implemented in two phases starting April 15. This marks a significant escalation in global trade tensions, with the EU joining China and Canada in pushing back against Washington’s protectionist measures.

EU leaders will meet in Luxembourg this week to finalize a united response, aiming to send a strong message to Washington while still leaving room for negotiation. The bloc is particularly concerned about the economic fallout of a potential trade war, with President Trump’s tariffs affecting around 70% of the EU’s annual exports to the U.S., valued at €532 billion. Notably, the proposed 50% tariff on bourbon has stirred intra-EU tensions, with countries like France and Italy wary of U.S. retaliation against European wines and other key exports.

While some EU nations, like France, advocate for a broader economic strategy—including halting investments in the U.S.—others, like Ireland and Italy, urge a more measured approach. The European Commission is working to ensure broad support across the 27-member bloc to maintain unity and pressure the U.S. into talks. Final approval of the initial counter-tariffs is expected on Wednesday unless a qualified majority votes against it, which remains unlikely.

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Italy Launches Controversial Migrant Camp in Albania

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Italy, the European Union’s top destination for migrants, is beginning a new chapter in its migration policy by opening its first camp in Albania, part of a plan to “offshore” the migrant challenge. This initiative allows Italy to house up to 3,000 migrants per month who are rescued while attempting to reach its shores. The Shengjin camp, now operational, is set to manage migrants picked up in international waters, though it excludes women, children, and vulnerable individuals.

The Italian government has fully funded the construction of these facilities, which will operate under Italian and European legislation, according to Fabrizio Bucci, Italy’s ambassador in Albania. Once in the camp, migrants can apply for asylum in Italy; those whose requests are denied will be sent back to countries considered safe.

The agreement between the Italian and Albanian governments is set for five years, with the possibility of extension if successful in alleviating Italy’s migration burden. This year, Italy has seen about 31,000 sea arrivals, down over 50% from 2023, signaling a shift in migration trends. Prime Minister Giorgia Meloni, who campaigned on strict migration policies, has made the Albania initiative a cornerstone of her administration.

However, the plan has faced scrutiny over its estimated cost of over €650 million (£547), with critics like MP Riccardo Magi calling it excessive for detaining a limited number of migrants. Concerns have also been raised about the ability to adequately screen rescued individuals for vulnerabilities.

Despite criticism, the initiative has garnered support from 15 EU member states, who see it as a potential model for addressing migration. As Albania seeks EU membership, the agreement could bolster its international standing, though some remain skeptical about the motivations behind it. If successful, this model may pave the way for similar arrangements with other countries in the future.

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Hungary’s Orban Calls for Ceasefire During Visit to Kyiv

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Viktor Orban arrived in Ukraine on Tuesday for an unannounced visit shortly after assuming the role of rotating president of the European Union. While in Kyiv, the Hungarian prime minister suggested that a ceasefire between Russia and Ukraine could expedite negotiations to end the ongoing conflict, which began with Russia’s full-scale invasion in 2022.

Orban, known for his critical stance on Western support for Ukraine and close ties with Russian President Vladimir Putin, has not visited Ukraine in 12 years but has met with Putin several times. During his joint appearance with Ukrainian President Volodymyr Zelensky, their body language was notably reserved, and neither took questions from the media.

Orban previously delayed the agreement on a €50 billion EU aid package meant to support Ukraine against Russia. However, his new role as head of the European Council for the next six months grants him significant influence as a European figurehead. He emphasized the need to resolve past disagreements and focus on future cooperation during his discussions in Ukraine.

Zelensky stressed the importance of maintaining Europe’s support for Ukraine and fostering meaningful, mutually beneficial cooperation among European neighbors. Orban highlighted the necessity of collaboration and proposed a ceasefire to hasten peace negotiations with Russia, expressing gratitude for Zelensky’s candid responses.

Orban stated that his visit underscored the importance of peace not just for Ukraine but for all of Europe, acknowledging the war’s profound impact on European security. Zelensky did not publicly respond to Orban’s ceasefire comments but later posted on X, emphasizing the significance of European unity and collective action. He described their discussion as focused on achieving a just, lasting, and fair peace.

Many Ukrainians view a ceasefire as potentially solidifying Russia’s control over seized territories and prefer negotiations from a position of strength. Ukrainian Foreign Minister Dmytro Kuleba expressed openness to working with all parties to solve problems, acknowledging the challenges but emphasizing the potential for tangible results.

During Orban’s visit, he and Zelensky also addressed bilateral issues, including the status of the 100,000 ethnic Hungarians living in Ukraine. Orban expressed optimism about progress on the rights of ethnic Hungarians and wished Ukraine success. The EU had initiated membership talks for Ukraine just before Hungary assumed the EU Council Presidency.

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VW to invest up to $5bn in Tesla rival Rivian

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Volkswagen (VW), the German automotive giant, has announced an investment of up to $5 billion (£3.94 billion) in Rivian, a competitor to Tesla. This partnership forms a joint venture allowing both VW and the US-based electric vehicle (EV) manufacturer to share technology. Following the announcement, Rivian’s stock surged nearly 50%.

The collaboration comes amid increasing competition among EV manufacturers and the imposition of tariffs on Chinese imports by Western nations. VW will start with an initial $1 billion investment in Rivian, with an additional $4 billion planned by 2026.

Founded in 2009, Rivian has yet to achieve a quarterly profit, reporting a net loss of over $1.4 billion in the first quarter of 2024. VW, facing pressure from competitors like Tesla and China’s BYD, is working to transition from fossil fuel-powered vehicles to EVs.

The partnership provides VW with immediate access to Rivian’s software, which it can integrate into its vehicles. The deal also comes as Chinese EV manufacturers expand globally, increasing competition. The European Union (EU) recently announced plans to raise tariffs on Chinese EV imports by up to 38%, following an investigation that found Chinese EV companies had been unfairly subsidized. China criticized these tariffs as violating international trade rules and labeled the investigation as protectionist.

The tariff increase by the EU follows the United States’ decision to raise import duties on Chinese EVs from 25% to 100%. Canada is also considering similar measures to align with its allies.

Separately, Tesla announced a recall of over 11,000 Cybertrucks sold in the US due to issues with windscreen wipers and exterior trim. The Cybertrucks were first released at the end of November last year.

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Georgia to vote on controversial law that sparked mass protests

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Georgia’s parliament is on the verge of passing a highly controversial “foreign agent” law, despite facing significant opposition from both within and outside the ruling Georgian Dream party. Critics of the proposed legislation, often referred to as the “Russia law,” argue that it poses a severe threat to civil liberties within the country.

The bill has sparked weeks of mass protests, with thousands of people gathering near the parliament building to voice their opposition. Protesters fear that if the law is enacted, it could be exploited by the government to suppress dissenting voices and undermine Georgia’s aspirations to join the European Union.

Prime Minister Irakli Kobakhidze has remained steadfast in his support for the bill, vowing that it will pass despite the ongoing protests. He has issued warnings about the consequences of not implementing the law, drawing parallels to the situation in Ukraine without providing specific details.

President Salome Zurabishvili, although an opponent of Kobakhidze, has expressed her intention to veto the law. However, Georgian Dream holds sufficient parliamentary support to override her veto, indicating that the bill is likely to be approved.

The proposed legislation would require NGOs and independent media outlets that receive more than 20% of their funding from foreign sources to register as organizations with foreign interests. They would be subject to government monitoring and could face significant fines if they fail to comply with the regulations outlined in the law. Critics argue that this would create a chilling effect on freedom of expression and civil society in Georgia.

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EU moves to give profits from Russian assets to Ukraine

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EU member states’ ambassadors have tentatively agreed to redirect windfall profits from frozen Russian assets towards financing arms supplies for Ukraine, pending approval by EU finance ministers next week. This decision follows the freezing of hundreds of billions of euros in Russian assets after the 2022 invasion of Ukraine. If approved, the accrued interest, estimated at up to €3 billion per year, will be allocated for purchasing weapons for Ukraine.

European Commission President Ursula von der Leyen emphasized the significance of this action, stating it would contribute to enhancing the safety of Ukraine and Europe. Valdis Dombrovskis, European Trade Commissioner, echoed this sentiment, urging swift delivery of the funds to Ukraine, with an initial tranche of €1 billion intended for military support ideally reaching the country by summer.

German Chancellor Olaf Scholz advocated that approximately 90% of the revenues from frozen Russian assets be allocated to arms purchases for Ukraine. The value of these assets in the EU stands at nearly €211 billion, with the majority of profits held by Euroclear, a Belgium-based clearing house.

The decision to utilize these funds had been delayed due to objections from EU members regarding a 25% tax imposed under Belgian law, which has since been waived. Despite concerns raised by Europe’s central bankers about potential legal ramifications and impacts on global financial stability, the decision reflects a determination to hold Russia accountable for its actions. The Kremlin has criticized this move as undermining European and international legal frameworks.

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Europe risks dying and faces big decisions – Macron

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In a significant speech at Sorbonne University, French President Emmanuel Macron issued a stark warning to Europe, stating that the continent must shed its self-imposed naivety or risk its demise. Macron emphasized the urgent need for Europe to adapt to a rapidly changing global landscape, highlighting challenges such as Russian hostility, diminishing US interest, and Chinese competition that could marginalize the EU.

Macron urged European leaders to make decisive moves toward bolstering defense and the economy, advocating for increased protectionism and the development of an independent defense capability. He stressed the importance of Europe asserting itself in international trade, particularly as major players like China and the US disregard established norms.

Addressing concerns over Russia’s actions, Macron defended his stance of strategic ambiguity regarding potential military involvement in Ukraine, emphasizing the need for Europe to assert its independence from the US and reject a bipolar world order.

Macron also warned against Europe’s internal demoralization, urging a reconnection with the values that distinguish the continent. He highlighted the dangers of online disinformation and advocated for stricter regulations, including imposing a minimum age for social media access.

While Macron’s speech aimed to position France at the forefront of European leadership and boost his party’s electoral prospects, it also underscored concerns about the party’s dependence on Macron’s leadership.

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Slovakia’s populist government to replace public broadcaster

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Slovakia’s government, led by Robert Fico’s populist-nationalist coalition, has approved a plan to abolish the current public broadcaster, Radio and Television of Slovakia (RTVS), and replace it with a new entity called Slovak Television and Radio (STVR). The move has raised concerns about media independence.

The decision, backed by the cabinet and proposed by the culture ministry, involves replacing the current director general and appointing a new one through a council influenced by government appointments. Culture Minister Martina Simkovicova, associated with the ultra-nationalist Slovak National Party, claims the changes aim to address perceived bias in RTVS’s news coverage.

Critics question Simkovicova’s suitability for making such decisions, citing her past involvement with an online TV channel known for promoting pro-Russian narratives and COVID-19 misinformation.

The government’s proposal has sparked protests in Bratislava and garnered criticism from journalists, opposition parties, and the European Union. However, Simkovicova argues that the draft law aligns with the European Act on Freedom of the Media, despite concerns about potential state control over the broadcaster.

While the government has scaled back some of the more contentious proposals, such as granting the board of governors the power to dismiss the director general without cause, concerns remain about political interference. Instead, the new director general will be chosen by a council with members appointed by government officials and parliament.

RTVS staff have voiced opposition to the changes, highlighting the importance of independent public media and expressing concern about political influence. They plan to protest by wearing black attire and displaying ribbons representing RTVS’s colors.

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EU approves major overhaul of migration rules

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After years of negotiations, the European Parliament has approved a significant reform aimed at tightening the EU’s migration and asylum regulations. The EU Asylum and Migration Pact, which has been in development since 2015, is set to become effective in two years’ time. Its objectives include expediting the asylum process, enhancing the repatriation of irregular migrants to their home countries, and establishing a system of shared responsibility among EU member states for asylum seekers.

Last year, there was a notable increase in illegal border crossings within the EU, prompting the need for such reforms. The pact, though met with some opposition from certain member states, is expected to gain full approval by the end of April through majority voting.

Under the proposed rules, EU countries will be obligated to either accept a quota of migrants from frontline countries like Italy, Greece, and Spain, or provide additional financial aid or resources. Additionally, the pact emphasizes swift processing of asylum claims, particularly those deemed to have low chances of approval, and aims to reach decisions within a maximum of 12 weeks. Forcible returns of rejected asylum seekers to their home countries would also need to occur within the same timeframe.

The pact introduces stricter pre-entry screening procedures within seven days of arrival, including biometric data collection for migrants aged six and above. It also establishes mechanisms to address sudden influxes of migrants.

The pact received support from the two main political groups in the European Parliament, although it faced opposition from some left-wing and far-right factions, as well as NGOs. Critics argue that the agreement may lead to increased suffering for asylum seekers, particularly those with low chances of acceptance, who might undergo processing on border islands or in detention facilities with limited access to fair procedures.

Despite its imperfections, many MEPs saw the pact as a workable compromise, acknowledging its significance in addressing the challenges of migration within the EU. However, concerns remain regarding the potential consequences of expedited processes and increased detention.

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Trump will not give a penny to Ukraine – Hungary PM Orban

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Hungarian Prime Minister Viktor Orban recently stated that if Donald Trump were to be re-elected as the President of the United States, he would not provide funding for Ukraine’s fight against Russia’s invasion. Orban asserted that Trump has made assurances to swiftly end the conflict if elected again, albeit without offering detailed plans. According to Orban, Ukraine lacks the capacity to sustain the war without financial and military support from the United States.

Orban’s vocal support for Trump was evident during his recent visit to Florida, where he met with the former president. Notably, Orban did not arrange a meeting with the incumbent US President, Joe Biden. This move has raised eyebrows, particularly as it’s unusual for a visiting foreign leader not to meet with the current administration. Orban’s stance on Ukraine stands in contrast to many European Union leaders who advocate for providing aid to Ukraine and criticize Orban’s close relationship with Russian President Vladimir Putin.

Concerns are growing within the international community that a potential second Trump presidency could lead to a reduction in US assistance to Ukraine and NATO. The deadlock in the US Congress over a foreign aid bill further exacerbates these worries. Influenced by Trump’s stance, Republican lawmakers are insisting on additional funding for border security before advancing the bill. Trump himself has suggested offering loans to Ukraine instead of providing aid without conditions.

Meanwhile, as Russian forces continue to make gains in eastern Ukraine, the country faces acute shortages of ammunition. Ukraine heavily relies on weaponry from the US and other Western allies to counter Russia’s significant military strength. The ongoing conflict underscores the critical importance of international support for Ukraine in its struggle against Russian aggression.

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