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US President Trump hails biggest-ever U.S.-EU trade deal

In a breakthrough moment, the US and EU have signed a trade agreement imposing 15% tariffs on EU goods while unlocking $1.35 trillion in transatlantic energy and investment flows.

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The United States and the European Union (EU) reached a trade agreement that US President Trump hailed as the “biggest ever” deal on July 27. Trump announced that the US will levy a 15 per cent tariff on all imports from the EU after a meeting with European Commission President Ursula von der Leyen at his golf resort in Scotland.

The 15 per cent tariffs will be applied on all EU exports, including Europe’s automobile sector, pharmaceuticals, and semiconductors. Additionally, the 27-nation bloc has agreed to buy $750 billion worth of energy from the United States and commit a further $600 billion in new investments. The agreement aims to stabilise the $1.9 trillion annual trade relationship between the two economic blocs, averting a trade sanction and potential European countermeasures that could have triggered worldwide financial instability.

Trump said that the trade between the two blocs is a good deal for everybody, as it ensures fairer market access on both sides. The EU is also planning to strengthen their defence within NATO, which will result in hundreds and billions worth of military equipment, he added.

Von der Leyen said the deal is good, although 15 per cent is not a small number; it was the best the EU could get, adding that the significant purchases of US liquefied natural gas, oil, and nuclear fuels will come over three years as part of the bloc’s bid to diversify away from Russian sources. The bilateral tariff exemptions have been agreed upon for several strategic products like aircraft, certain chemicals, some agricultural products and raw materials. Von der Leyen aims to secure additional “zero-for-zero” agreements in the coming days, with a particular focus on alcohol.

Since Trump’s return to the White House, the US has imposed several tariffs on the EU. These include a 25 per cent duty on cars, 50 per cent on steel and aluminium, and a blanket 10 per cent tariff on EU goods. The White House has warned these could rise to 30 per cent if no deal is reached.

The bloc had been working hard to negotiate tariffs, especially as crucial industries in France and Germany are already reeling from the levies imposed so far. The deal still needs the approval of all EU member states, whose ambassadors were informed on a visit to Greenland after the deal was struck.

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Trump may join Iran-US peace talks in Pakistan, attendance uncertain

Donald Trump could join Iran-US peace talks in Pakistan either in person or virtually, as discussions move forward amid uncertainty over participation.

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Peace talks between the United States and Iran are being considered in Islamabad, with uncertainty over participation and format

Peace talks between the United States and Iran are being considered in Islamabad, according to media reports, with the possibility that former US President Donald Trump may participate either in person or virtually. However, no final decision on the venue, format or participation has been confirmed.

According to reports citing a Pakistani source, preparations for the talks are moving ahead as scheduled, and both sides are expected to engage in discussions aimed at resolving ongoing tensions.

The proposed talks come at a critical time, as diplomatic efforts continue to stabilise relations amid heightened geopolitical strain. Pakistan is expected to host or facilitate the discussions, hosting the discussions and coordinating with both Washington and Tehran to facilitate dialogue.

Officials familiar with the development indicated that Trump’s participation remains uncertain, with reports indicating he may attend either in person or virtually. His presence—either physically in Islamabad or through virtual means—would signal the importance of the outcome and potentially influence the direction of the talks.

Despite the progress in planning, uncertainty remains over the final composition of delegations and the level of participation from each side. Separate reports suggest that while preparations are underway, clarity over Iran’s attendance and broader engagement is still evolving.

The talks are expected to focus on easing tensions and exploring pathways toward a broader agreement, though key sticking points between the two sides remain unresolved.

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Trump warns of escalation as Iran signals counter-strategy amid Hormuz blockade tensions

As the US-Iran ceasefire nears its end, tensions escalate over the Hormuz blockade with strong warnings from both sides.

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Ceasefire between US and Iran nears deadline as both sides trade sharp warnings over blockade and military response

Tensions between the United States and Iran have intensified as a fragile ceasefire approaches its deadline, with both sides issuing strong warnings amid ongoing disputes over the Strait of Hormuz.

US President Donald Trump has cautioned that severe military action could follow if negotiations fail, signalling that “bombs will go off” in the absence of a deal. His remarks come as Washington continues a naval blockade targeting Iranian oil exports and maritime movement, a move Tehran has strongly opposed.

Iran, on the other hand, has indicated it is prepared with what it described as “new cards,” suggesting a potential shift in its strategy if the situation escalates further. The standoff reflects deep mistrust between the two sides, even as diplomatic efforts continue in the background.

The current crisis is centred around the Strait of Hormuz, a critical global oil transit route. The United States imposed the blockade after talks failed to produce a breakthrough, aiming to restrict Iran’s oil shipments and increase economic pressure.

Tehran has accused Washington of violating the ceasefire by maintaining the blockade and taking aggressive actions, including the seizure of vessels near the strategic waterway. These developments have further complicated efforts to sustain peace.

A temporary ceasefire, agreed earlier this month, had paused hostilities for two weeks following threats of major escalation. However, with the truce nearing its end, uncertainty looms over whether it will be extended or collapse into renewed conflict.

The situation has also raised concerns globally, as disruptions in the Strait of Hormuz can significantly impact oil supply and international markets. Analysts warn that prolonged tensions could lead to economic instability and further geopolitical strain.

Diplomatic channels remain open, but the sharp rhetoric from both Washington and Tehran indicates that the path to a lasting agreement remains uncertain.

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Japan earthquake triggers tsunami warning after strong 7.4 magnitude tremor off northern coast

A powerful earthquake off northern Japan triggered tsunami warnings and evacuation alerts as authorities monitored waves and aftershocks.

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A powerful earthquake of magnitude 7.4 struck off the northern coast of Japan on Monday evening, prompting authorities to issue a tsunami warning and urge residents in coastal areas to move to safer locations.

According to officials, the earthquake occurred in the Pacific Ocean near the northeastern region of the country at around 4:53 pm local time. The tremors were strong enough to be felt across a wide area, including parts of Tokyo.

Following the quake, Japan’s meteorological agency issued a tsunami warning for several coastal regions, cautioning that waves of up to 3 metres could hit affected areas.

Initial tsunami waves were recorded shortly after the earthquake, with water levels reaching around 70 to 80 centimetres at some ports in northern Japan. Authorities warned that subsequent waves could be larger and more dangerous.

Emergency alerts were broadcast across the region, urging residents to evacuate coastal zones and move to higher ground. Visuals showed ships leaving ports and emergency messages being displayed on television screens.

As a precautionary measure, bullet train services in parts of northern Japan were temporarily halted, while authorities began assessing the situation and monitoring for aftershocks.

There were no immediate reports of major damage or casualties, but officials said the situation remained under close observation, with warnings still in place for coastal communities.

Japan, located along the seismically active “Ring of Fire,” frequently experiences earthquakes, making rapid response systems and tsunami alerts critical for public safety.

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