EUR News
LAST UPDATE: July 16, 2025
EU Officials Travel to Washington in Bid to Save Trade Deal
EU trade officials traveled to Washington to prevent collapse of a trade agreement as the U.S. threatened 30% tariffs on EU goods.
Insight
The high-stakes mission illustrates how fragile trade ties have become under increasing U.S. protectionism.
Watchdog demands EU explain speed of proposals to cut green rules
The EU Ombudsman questioned why the Commission fast-tracked legal changes exempting small businesses from sustainability reporting, bypassing normal impact assessment and internal consultation timelines.
Insight
This scrutiny highlights tensions between regulatory simplification and preserving EU climate commitments and democratic process.
Tax Hikes Insufficient to Fix UK Debt Spiral, OBR Chair Says
The head of Britain’s budget watchdog warned that raising taxes alone may fail to tame the country’s growing debt, as it could further slow the economy.
Insight
Sustainable fiscal policy requires difficult trade-offs; raising revenue must be balanced with growth considerations.
Trump says he will meet UK’s Starmer in Scotland to refine trade deal
President Trump said he plans to meet UK PM Keir Starmer, likely in Aberdeen, to refine aspects of the trade deal, particularly unresolved issues around steel and aluminum tariffs following an earlier agreement on autos and aerospace.
Insight
The scheduled meeting underscores ongoing negotiation to salvage and polish bilateral trade terms ahead of Trump’s state visit.
Viktor Orbán’s son-in-law defends fortune as Hungary’s elite face backlash
István Tiborcz defended his wealth—estimated at €500m—amid public resentment over perceived ties between elite enrichment and political connections, especially as living standards decline.
Insight
The backlash illuminates growing public concern over nepotism and inequality within Hungary’s political-economic elite.
