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EU Parliament backs lowering tariffs on US goods with safeguards against unfair trade

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Latest News

EU Parliament backs lowering tariffs on US goods with safeguards against unfair trade

EU Parliament backs lowering tariffs on US goods with safeguards against unfair trade EU Parliament backs lowering tariffs on US goods with safeguards against unfair trade
The European Parliament’s International Trade Committee has approved key measures to reduce tariffs on US agricultural and industrial products,...
Read More...

Online learning surges across Europe in 2025 as digital education becomes mainstream

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Online education continues its steady rise across the European Union, with more people than ever turning to digital platforms to expand their...
Read More...

Europe nears renewable milestone as green energy supplies nearly half of electricity in 2025

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  Renewable energy is steadily reshaping Europe’s power landscape, with nearly half of the European Union’s electricity now coming...
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EU lawmakers push for sustainable tourism strategy to ease overtourism and boost emerging destinations

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  European lawmakers are calling for a major shift in how tourism is managed across the EU, urging smarter strategies to tackle overcrowding...
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Eurozone job vacancy rate edges up to 2.2% in late 2025 despite yearly decline

Eurozone job vacancy rate edges up to 2.2% in late 2025 despite yearly decline Eurozone job vacancy rate edges up to 2.2% in late 2025 despite yearly decline
The job vacancy rate across the euro area showed a modest uptick at the end of 2025, signaling pockets of resilience in the labor market even...
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  Europe continues to depend heavily on foreign energy supplies, with new data highlighting just how deeply imports shape the continent’s...
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EU faces tough trade-off: Sweden backs pipeline repair deal to secure critical Ukraine aid

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  Sweden has cautiously endorsed a controversial EU proposal to help repair a damaged Russian oil pipeline running through Ukraine—framing...
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EU–US trade deal back on track as European Parliament prepares crucial vote

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Belgium’s newly appointed Defence Minister, Theo Francken, has emphasized the urgent need for substantial investment in the country’s armed forces, stating that Belgium

is currently unprepared to confront global security threats.

Speaking to Belga, Francken, a member of the N-VA party, acknowledged the significant challenges facing him in his new role. “We have consistently underinvested in our military, and now we must commit to a serious reinvestment,” he asserted.

The Belgian government aims to increase defence spending to 2% of GDP by 2029, aligning with NATO’s agreed benchmark. By 2034, this figure is projected to rise to 2.5%.

Strengthening commitments to NATO and the EU

“We must rebuild our armed forces and restore their resilience,” Francken stressed. “As one of the founding nations of both the European Union and NATO, we have obligations to uphold. We must honor our commitments and stand in solidarity with our allies.”

He underscored the financial feasibility of these investments, stating, “These are political decisions. When you allocate 140 billion euros to social security and only 8 billion to defence, the imbalance is clear.”

Global security concerns and EU discussions

In the context of ongoing conflicts in Ukraine and the Middle East, as well as Russia’s hybrid warfare tactics, Francken warned that Belgium must enhance its preparedness. “At present, we are not ready, but we need to be,” he cautioned.

His remarks precede an upcoming meeting of EU leaders in Brussels, where defence strategy and expenditure will be central topics. European Council President António Costa has scheduled a high-level retreat at the Egmont Palace on Monday, with NATO Secretary General Mark Rutte and UK Prime Minister Keir Starmer among the attendees.

Funding Europe’s defence ambitions

The summit will explore two critical questions, as reported by De Tijd: what military capabilities Europe is willing to harness, and how these efforts will be financed.

While countries such as Poland, Estonia, Latvia, and Lithuania already meet or exceed NATO’s 2% GDP spending target—and support U.S. demands for a potential 5% target—Belgium remains below the current threshold.

Polish Prime Minister Donald Tusk has expressed skepticism about reaching definitive agreements at the summit but is advocating for European funding to bolster defence initiatives. Reports suggest the European Commission is considering a 100-billion-euro package, though the timeline for its availability remains uncertain.

“We cannot afford to wait for the next EU multiannual budget cycle,” Tusk stated. “That process begins in 2028, with initial payments projected for 2029-2030. Meanwhile, Vladimir Putin is not waiting.”

One alternative under discussion is the issuance of European loans to fund defence projects. While Baltic and Eastern European nations largely support this approach, wealthier EU members such as Germany and the Netherlands remain hesitant.

As geopolitical tensions rise, the summit’s deliberations will be closely watched to determine Europe’s next steps in securing its collective defence. Photo by Markus Rauchenberger, Wikimedia commons.

deneme