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.

Merkel Urges Europe to Step Up in Trump’s New World Order

Chancellor Angela Merkel made a forceful pitch for Europe to play a more assertive role in global affairs as U.S. President Donald Trump dismantles the post-World War II order, setting the stage for a potential tense standoff at the Group of Seven summit this week.

Iran opens new nuclear facility for centrifuge production

Iran’s nuclear chief on Wednesday inaugurated the Islamic Republic’s new nuclear enrichment facility that is geared toward producing centrifuges which will operate within the limits of the nuclear deal Tehran signed with world powers.

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.

Merkel: Germany will exert its influence to push Iran out of Syria

Prime Minister Benjamin Netanyahu and German Chancellor Angela Merkel emerged from their 90-minute meeting in Berlin on Monday still disagreeing about the merits of the Iranian nuclear agreement, but in accord about the need to push Iran out of other countries in the Middle East.

U.S. airstrikes targeting Islamic State surge 300 percent

American warplanes are working overtime against Islamic State targets in Syria, with the number of combat sorties in May against the terror group surging over 300 percent compared to recent months, says new airstrike figures released by command officials Friday.

Macron tells Trump US tariffs are ‘illegal’, EU will respond

French President Emmanuel Macron told US President Donald Trump late Thursday (May 31) that tariffs on steel and aluminium imports from the European Union (EU) were ‘illegal’ and that the EU would respond in a ‘firm and proportionate manner’, the Elysee Palace said.

Russia and Turkey ink pipeline agreement, end gas dispute

Russian state gas giant Gazprom said on Saturday it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botas to end an arbitration dispute over the terms of gas supplies.

North Korea says still open to talks after Trump-Kim summit canceled

North Korea responded on Friday with measured tones to U.S. President Donald Trump’s decision to call off a historic summit with leader Kim Jong Un scheduled for next month, saying Pyongyang hoped for a ‘Trump formula’ to resolve the standoff over its nuclear weapons program.

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