The Latest Breaking News from European Commission

Plan, which also includes levies on tobacco and electronic waste, ignites major political scrap to define bloc’s future

All payments under the biggest item in the seven-year budget plan could be linked to the rule of law, according to plans proposed by the European Commission. This would include cohesion and agricultural funds not yet suspended by Brussels.

The European Commission’s digital omnibus is set to come out in December.

But of course, the president can barely look beyond his hubris.

The European Union unveiled a €72 billion ($84.13 billion) countermeasures list targeting U.S. exports, including aircraft, automotive products, and bourbon whiskey, following President Donald Trump‘s threat to impose 30% blanket tariffs on EU goods starting August 1.

September S&P 500 E-Mini futures (ESU25) are down -0.29%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.30% this morning, pointing to a lower open on Wall Street after U.S. President Donald Trump escalated his trade war.

The European Commission responded to Trump's announcement in a written statement, saying it remains ready to reach an agreement, while also taking "necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures."

The European Commission survived the motion of censure voted on Thursday in the European Parliament, but the Parliament will be no bed of roses for Ursula von der Leyen and her team in the aftermath of the vote.

A range of accusations have been levelled against the European Commission president

The motion of censure against Ursula von der Leyen highlights concerns over lack of transparency and accountability in her leadership, according to EU law professor Alberto Alemanno, who says "more people will ask if she is the right person for the job, regardless of the outcome."

Debate on motion against European Commission president lifts lid on simmering discontent among MEPs