The European Union plans to phase out telecom gear from companies in "high risk" countries, targeting Chinese firms like Huawei and ZTE.

The EU plans to phase out components and equipment from high-risk suppliers in critical sectors, according to a draft proposal released by Brussels on Tuesday - a move criticised by China's Huawei, which is set to be among the companies affected.

EU countries have turned down the opportunity to take €74bn in recovery loans, as a struggle to spend cash and lower interest rate differentials have reduced the appeal of a post-Covid initiative to boost growth.

The European Commission has proposed new cybersecurity legislation mandating the removal of high-risk suppliers to secure telecommunications networks and strengthening defenses against state-backed and cybercrime groups targeting critical infrastructure.

The trans-Atlantic trade deal — lifting tariffs on products ranging from Argentine steaks and Brazilian copper to German cars and Italian wine — still has to be ratified by the European Parliament.

China and the European Union say they have agreed on steps toward resolving their dispute over the bloc's imports of Chinese-made electric vehicles.

The European Union and the Mercosur bloc of South American countries formally signed a long-sought landmark free trade agreement on Saturday, capping more than a quarter-century of torturous negotiations to strengthen commercial ties in the face of rising protectionism and trade tensions around the world.

From left: Then-European Council President Charles Michel, Chinese President Xi Jinping, and European Commission President Ursula von der Leyen meet in Beijing ahead of the China-EU Summit on Dec. 7, 2023. Credit: European Council In times of evolving ...

The President of the , António Costa, together with the President of the European Commission, Ursula von der Leyen, will attend the EU-Mercosur signature ceremony in Asunción, Paraguay on 17 January 2026.

The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc. A tariff of “30%, or anything above 30%… has more or less ...

Threats from the White House over Greenland have sparked outrage and a flurry of diplomatic activity across Europe, as leaders consider possible countermeasures, including retaliatory tariffs and the first-ever use of the European Union's anti-coercion instrument.