Jorge Valero

EU Keeps US Trade Deal Frozen Over Tariff Uncertainty The European Union’s trade deal with the US will stay frozen after the European Parliament decided to keep its ratification paused in the wake of a court ruling invalidating President Donald Trump’s g...

❗️And in case you missed our story before:
EU lawmakers kept on hold ratification of US deal as they ask for more clarity - expecting more info from EU exec on Tuesday, and if so they could vote still in March.

www.bloomberg.com/news/article...

EU to Push Partners to Cover €30 Billion Aid Gap For Ukraine The European Union will ask international partners for additional funding for Ukraine as the war-battered nation risks running out of money in the fifth year of Russia’s full-scale invasion.

❗️NEW: EU leaders to urge partners to cover Ukraine’s financing gap, as they struggle to overcome Orban’s veto to €90bn loan
They’ll call “for intensified outreach to third countries to help close the remaining gap of €30bn” reads draft summit conclusions we’ve seen
www.bloomberg.com/news/article...

Only couple of hours before Sefcovic shared the assessment with MEPs, I asked EC whether they made such estimate of the impact.
“When we have clarity, we can make assessments,” EC spox said on the podium

EU Warns That Trump’s New Tariff Policy Breaks Trade Agreement A European Union assessment found that President Donald Trump’s new tariff policy will increase levies on some of the bloc’s exports, including cheese and some agricultural products, above the level p...

❗️NEW: EU trade chief shared w EU lawmakers & MS assessment of Trump’s new tariff: products including agrifood, plastics & esp. cheese will be above agreed 15% ceiling, we’re told. Still majority of EU govs wanna stick to deal.
With @albertonardelli.bsky.social
www.bloomberg.com/news/article...

EU Lawmakers Call Meeting on US Trade Deal After Tariff Ruling European Union lawmakers will hold an emergency meeting Monday to reassess the bloc’s trade deal with the US following the Supreme Court’s decision to strike down some of President Donald Trump’s glob...

❗️EU’s lead lawmaker on US trade deal Bernd Lange tells us Supreme Court ruling“was expected” as “legal basis for the unjustified tariffs was not correct.”
He called for emergency meeting on Monday to assess consequences for ratifying deal, 1 day before planned vote
www.bloomberg.com/news/article...

👉 EC chief spox Paula Pinho confirms our scoop:

“The president will be visiting the Arctic region, including Greenland, in March,” - dates to be confirmed.

Von der Leyen Plans Visit to Greenland to Offer Support Package European Commission President Ursula von der Leyen is planning to visit Greenland in March following the clash over the control of the territory with US President Donald Trump.

❗️NEW: Von der Leyen planning visit to Greenland next month with several commissioners to present support package, we’re told.

www.bloomberg.com/news/article...

Upended World Is Pushing EU to Finish Single Market, Costa Says European Union leaders are finally ready to unify their markets to compete globally, European Council President Antonio Costa said, arguing that the fracturing world order is driving the continent to ...

❗️ITW w Costa to discuss EU’s new attempt to complete its single market. For real now?
“My feeling is there is a real commitment for all the leaders and the clear sense of urgency”
Because now we badly needed to push back vs US,China
W @ocrook.bsky.social & A. Delfs
www.bloomberg.com/news/article...

Macron Plans to Discuss Strong Euro at EU Summit Next Week France intends to discuss the euro’s appreciation against the dollar when European Union leaders meet next week to discuss improving the bloc’s ailing competitiveness.

❗️NEW Macron plans to raise issue of exchange rates during summit next week as options to boost economy & reduce vulnerabilities, we’re told.
EU policymakers want to reduce $ & more € in transactions which would help to shield currency turbulence
-w Ania Nussbaum

www.bloomberg.com/news/article...

Investors Move Assets to Europe From US, Euroclear Chief Says Investors are increasingly moving funds into European assets, diversifying away from the US in a reaction to the market turbulence created by President Donald Trump, according to Euroclear Chief Execu...

❗️Trump vs assets factor:
ITW w Euroclear boss: “We’ve seen throughout 2025 a growing diversification of investment away from US…there’s a growing interest in diversifying investment portfolios” into European assets & players, with Euroclear presenting robust results
www.bloomberg.com/news/article...

EU to Offer US Critical Minerals Partnership to Check China The European Union will pitch the US on a critical minerals partnership to curb China’s influence, looking to shape the Trump administration’s push to strike global agreements this week.

❗️NEW: EC,US&others to release statement tday in DC’s mineral summit calling to explore plurilateral trade initiative incl. mechanisms “such as border-adjusted price floors, standards-based markets, price gap subsidies, or offtake agreements,” according draft we got.
www.bloomberg.com/news/article...

How it feels after the EU summit

EU Plans to Unfreeze Trade Deal With US and Vote on Ratification European Union lawmakers are expected to vote on ratifying the bloc’s trade deal with the US, restarting the process after President Donald Trump walked back his latest threat to impose tariffs on Eur...

And seems EU-US trade deal is back to the approval process after Trump’s U-Turn on Greenland, Metsola said at summit’s doorstep.

“This means we can continue with our discussions internally…which had been paused,” she said.

www.bloomberg.com/news/article...

EU Eyes Tariffs on €93 Billion of US Goods Over New Trump Threat The European Union is in talks to potentially impose tariffs on €93 billion ($108 billion) of US goods if President Donald Trump follows through on his threat to hit European countries with a 10% levy...

In case you missed our story…
EU opts for diplomacy in coming days with Trump to solve renewed risk of trade war over Greenland, but EU envoys also discussed preparing countermeasures (including duties on €93bn of US goods & more).
Macron & analysts call for ACI
www.bloomberg.com/news/article...

Trump’s Greenland Tariffs Have Blown Up the EU Appeasement Plan Ursula von der Leyen was preparing to claim a rare victory on Saturday, sealing a trade pact with South America’s biggest economies. Donald Trump had other ideas.

“European appeasement strategy has failed,” 🇪🇸 former FM Arancha Gonzalez Laya told us. At the helm of such plan is EC chief Von der Leyen, whose slow progress on economic revival & EC’s modus operandi are also questioned
W @albertonardelli.bsky.social & Cory Bennett
www.bloomberg.com/news/article...

EU Parliament Explores Tying US Trade Deal Approval to Greenland The European Parliament is considering linking approval of a massive US trade deal to Donald Trump backing down from his threats to take over Greenland, putting further strain on an agreement already ...

❗️And EP trade committee chief Bernd Lange told us after WH meeting on Greenland that US should respect territorial integrity as part of conditions lawmakers would consider to fix vote on US trade deal
- He also expected something coming from DC on derivatives

www.bloomberg.com/news/article...

US Asks Allies to Step Up Measures on Chinese Minerals The US will convene dozens of foreign ministers from allied countries next month to pursue an agreement designed to help reduce their dependencies on Chinese critical minerals.

Wrapping up a week of meetings and amazing food in Cyprus as country takes over rotating EU presidency. We also tell you other stories from here, including EC telling MS not to give in to US pressure to sign bilat minerals deals! 👇

www.bloomberg.com/news/article...

EU’s €90 Billion Ukraine Loan to Mostly Support European Firms The European Union will direct Ukraine to purchase mostly European armaments with a new €90 billion ($105 billion) loan unless there is an “urgent need” and no local option available.

❗️EU’s unprecedented move toward debt union: proposal to finance UA borrowing from markets doesn’t include date to pay back principal (in contrast w NGEU).
Dombro: ‘we will roll over the debt’
Attention focused a lot on frozen assets but this is a major development
www.bloomberg.com/news/article...

China Starts Granting General Licenses for Rare Earths, EU Says China has started granting licenses with lengthier terms to allow European companies to obtain critical minerals essential for industries including clean tech, automakers and defense contractors, the ...

❗️SCOOP: China starts easing minerals control with EU after months of talks, Sefcovic tells us in interview.
“We are getting initial reports from our industry that they are getting these general licenses,” he tells us.

www.bloomberg.com/news/article...

EU Pushes Back Against US Efforts to Change Bloc’s Tech Rules The European Union’s chief trade negotiator said he would defend the bloc’s technology rules in a rebuke to US efforts to water down EU digital regulations.

❗️NEW: Sefcovic tells us in interview that machinery is one of the priority areas flagged to US to address existing irritants.
“The machines are all exported at very low volumes, or not at all, because these machine exporters are afraid that they could get a fine.”
www.bloomberg.com/news/article...

The EU Is Entering a Crucial Week to Show Trump It’s Not ‘Weak’ The European Union faces an inflection point this week as it strives to prove it’s a geopolitical force.

❗️In case missed our story *yesterday*:
EU has 2 crucial deadlines this week: Ukraine funding & Mercosur deal
Failure on either front would prove Trump EU leadership is “weak”.
Annus horriblis keep getting worse
-w @albertonardelli.bsky.social @ @afpal.bsky.social
www.bloomberg.com/news/article...

France Seeks to Delay Mercosur Accord, Risking Deal’s Collapse France is pushing to delay the conclusion of a free-trade agreement between the European Union and some of the largest South American economies in a move that could derail the deal.

❗️NEW: And France is pushing to delay Mercosur signing planned for 20 Dec to next year, which could derail the landmark agreement after 25 years of negotiations

www.bloomberg.com/news/article...

EU Seeks Russian Asset Freeze Deal by Friday to Ease Ukraine Aid The European Union is set to approve a deal on Friday that would lengthen the bloc’s freeze on Russian assets using emergency powers — a key step toward tapping the funds to help Ukraine.

❗️NEW: In case you missed our story this morning in this hectic day, Hungary threatened with taking EU executive to court and blocking sanctions renewal over the bloc’s effort to circumvent Budapest to keep Russian assets immobilized.

www.bloomberg.com/news/article...

EU to Commit €3 Billion in 2026 to Help Secure Raw Materials The European Union plans to commit at least €3 billion ($3.5 billion) over the next year to help sever its dependence on China’s raw materials, which are critical to much modern technology and militar...

❗️In case you missed our scoop from yesterday
EU plans to commit at least €3 billion over the next year to help sever its dependence on China’s raw materials, according to ResourceEU doc we’ve seen
EIB to finance €2bn

By @albertonardelli.bsky.social & me

www.bloomberg.com/news/article...

EU Asks US to Cut Tariffs on Flamethrowers and Grenade Launchers The European Union wants the US to reduce tariffs on the bloc’s exports of weapons below the 15% tariff ceiling agreed for many of its goods.

❗️NEW: EU asks US to lower tariffs on weapons such as rocket launchers, artillery, pistols… according to the list of EU goods we’ve seen

www.bloomberg.com/news/article...

Lutnick Says EU Must Change Digital Rules for Steel Tariff Deal US Commerce Secretary Howard Lutnick said the European Union needs to change its digital regulations in order to get a deal to lower steel and aluminum tariffs.

❗️NEW: US tells EU to change digital rules for getting lower steel tariffs
“We are talking to them about” rolling back EU tech rules, Lutnick said in an interview with Bloomberg Television. “In exchange for that, we will come up with a cool steel and aluminum deal.”
www.bloomberg.com/news/article...

France Pushes to Accelerate Higher Duties on Chinese Parcels France is urging the European Union to increase customs duties on small packages two years earlier than planned, expanding its campaign against Chinese retailers as it tangles with e-commerce giant Sh...

❗️EU-China row continues: EU exec supports 🇫🇷 call to bring forward to 2026 imposing customs on small packages (nearly all coming from China).
EU Finance ministers expected to abolish today exemption for small parcels but planned date was 2028, as we told you yday
www.bloomberg.com/news/article...

EU Finalizes Farmer Protections, Advancing Mercosur Trade Deal The European Union took a step toward approving its massive trade agreement with South American nations, finalizing measures to protect farmers once the pact is adopted.

EU member states gave today their preliminary blessing to the safeguards to protect EU farmers from sudden price/volume changes in Mercosur deal, removing one important stumbling block to approve agreement by end year

www.bloomberg.com/news/article...

EU Faces Pressure to Provide Credible Funding Plan for Ukraine The European Union must provide a “credible” funding commitment to Kyiv to unlock fresh International Monetary Fund money, the EU’s economy chief said, as the country’s lenders race to avoid a financi...

EU needs to come up with a “credible” commitment to unlock fresh IMF aid for Ukraine, @vdombrovskis.bsky.social told us in an interview.
EC is racing to finalize the options paper to tap Russia’s immobilized central bank assets

www.bloomberg.com/news/article...

EU Leaders Skip Latin American Summit to Avoid Irking Trump European leaders including German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen will skip the EU’s summit with Latin American and Caribbean states due in part to con...

❗️NEW: EC confirmed our earlier scoop on VDL not attending the summit with CELAC nations later this week “in light of the current European political agenda and the low participation of other heads of state and government”

www.bloomberg.com/news/article...