Trump calls for G-7 countries to drop all tariffs, subsidies

President Trump proposed a major shakeup of the world’s economic order during a summit in Canada this week, suggesting the world’s big economies drop all tariffs and market-distorting subsidies and go to a fully free system of trade.

Iran won’t cooperate fully with nuke inspectors until deal impasse resolved

Iran on Wednesday upped the ante in its standoff with the United States and European powers over the 2015 nuclear deal from which the Trump administration withdrew last month, with its United Nations envoy warning it would not cooperate fully with nuclear inspectors until the future of the deal was resolved.

EU sets July timeframe for US tariff reprisals

The EU says it expects to retaliate next month after the US imposed tariffs on the bloc’s steel and aluminium products, sparking fears of a global trade war.

Europe seeks U.S. sanction exemptions for its firms in Iran

European signatories to a nuclear deal with Iran have written to top U.S. officials to stress their commitment to upholding the pact, which Washington has quit, and to urge the United States to spare EU firms active in Iran from secondary sanctions.

At least 25 killed as Guatemala volcano spews fire, ash

Rescuers struggled to reach rural residents cut off by a volcanic eruption that killed at least 25 people and injured 20 near Guatemala’s capital late Sunday, and authorities feared the death toll could rise with an undetermined number of people unaccounted for.

Rival Koreas resuming high-level peace talks

North and South Korea are resuming senior-level peace talks Seoul sees as an important step in building trust with Pyongyang amid a U.S.-led diplomatic push to persuade the North to give up its nuclear weapons.

As US tariffs go into effect, Europe vows retaliation

Tariffs imposed by the US on steel and aluminum imports from the EU, Canada and Mexico went into effect on Friday. The penalties will amount to a 25 percent tariff on steel imports and a 10 percent tariff on aluminum.

Assad warned against hitting U.S. troops in Syria

The Pentagon is warning the Syrian regime to refrain from attacking U.S.-backed forces in the country, shortly after Syrian President Bashar Assad demanded U.S. forces depart and threatened to launch attacks on territory held by American-backed Kurdish paramilitary units in northeast Syria.

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