European union

Earlier, on 3rd June, Washington proposed imposing a 12.5% tariff on imports from 54 countries, including India, accusing them of failing to ban goods linked to forced labour.

"I buy oil based on cost and availability," Jaishankar stated. "At that point, much of the oil available on the market was Russian because Europeans were essentially buying up the Middle East oil, which was our traditional supply. So circumstances pushed us in a certain direction."

President Donald J. Trump has announced that he will impose a 25% tariff on cars and trucks imported from the European Union beginning next...

The European Union has firmly rejected any proposal to impose toll or transit fees on vessels transiting the Strait of Hormuz, emphasising that international...

The trade chief of the European Parliament has called for suspending the ratification of the trade agreement between European Union and the United States,...

Iran has declared all European Union militaries terrorist groups after the EU moved to designate Iran’s Revolutionary Guard as a terrorist organisation. The largely symbolic move comes amid rising regional tensions, US warnings, and Iranian military drills near the Strait of Hormuz.