The United Arab Emirates (UAE) will invest $1.4 trillion in the US economy over the next 10 years, the White House said in a statement. The investment plans were announced after US President Donald Trump met with UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan this week.
“The new plan envisages a significant increase in the UAE’s current investments in the US economy, particularly in AI infrastructure, semiconductor and energy industries, as well as in the US industrial sector,” the statement said.
The European Commission (EC) wants to have a well-balanced list of goods from the United States on which it intends to impose higher tariffs and buy time for trade talks with Washington, so it is postponing the deadline for its countermeasures.
EC spokesmen explained at a briefing in Brussels on Friday that there are two complementary parts of the list of goods. One is due to enter into force on April 1, and the other in mid-April.
“This week, the (European) Commission decided to reconcile the schedule of its various countermeasures. This is because, by clarifying this schedule, it is possible to consult with member states on both lists. Secondly, it allows us to be more effective, to achieve a better balance between products, taking into account the interests of European producers, exporters, consumers,” said Olof Gill, the EC spokesman.
“And this allows us to have more time to discuss with the US administration. Let me remind you that our goal is to avoid customs duties that would harm everyone on both sides of the Atlantic. That’s why we are preparing for negotiations with the United States, trying to buy time to reach an agreement,” added Gill.
According to him, if these talks do not lead to a satisfactory result, there will be a “firm and targeted reaction” of the EU in response to the US measures in order to “reduce the negative consequences for Europe”.
“We will be ready to respond to any development,” the EC representative emphasized.
Earlier, EC President Ursula von der Leyen said that the postponement of the application of increased EU customs duties to a number of American goods is related to the search for the best consideration of the interests of the European side. “We have decided to clarify the time when our tariffs will take effect. This does not change the effect of our retaliatory measures. And this is important, because they reach 26 billion euros, which is the equivalent of $28 billion of potential US tariffs,” the EC President said at a press conference in Brussels on Friday night.
After signing an agreement with the United States to establish the terms and conditions of the Ukraine Recovery Investment Fund, the Cabinet of Ministers will approve a delegation to draft an international agreement on the Fund, Prime Minister Denys Shmyhal said.
“The next steps after the signing are the creation of an appropriate delegation, which will be approved by a government decision, as required by the law of Ukraine on international treaties. The delegation will receive the relevant directives. Next, there will be relevant intergovernmental work between the government of Ukraine and the government of the United States to draft an agreement on the establishment of the Investment Fund for the Development and Construction of Ukraine,” Shmyhal said during an hour of questions to the government in the Verkhovna Rada on Friday, which was broadcast live on YouTube by MP Oleksiy Honcharenko (European Solidarity faction).
The Prime Minister emphasized that all the next steps are clearly spelled out in the law on international treaties.
“The agreement on the creation of the Investment Fund will have the character of an international agreement, so it will be approved by the government and ratified by the parliament. It will describe all the specifics of how the fund will work,” Shmyhal said.
The creation of the Investment Fund is envisaged by the so-called subsoil agreement to be signed on Friday in the United States.
The United States and Russia have agreed on four principles after talks that lasted more than four hours in Saudi Arabia, US Secretary of State Marco Rubio said on Tuesday, CNN reported. The senior official listed them.
“Restore the functionality of our respective missions in Washington and Moscow. In order for us to continue down this path, we have to have diplomatic institutions that are open and functioning properly,” he said.
“We’re going to appoint a high-level team from our side to help negotiate and work to end the conflict in Ukraine in a way that is lasting and acceptable to all parties involved,” Rubio said.
“To begin discussing, contemplating and exploring both geopolitical and economic cooperation that could result from an end to the conflict in Ukraine,” the Secretary of State added.
“The five of us who were here today… will continue to be engaged in this process to make sure it moves forward in a productive way,” the State Department head summarized.
The five people Rubio mentioned were himself, National Security Advisor Mike Waltz, Special Envoy Steve Vitkoff, as well as Russian Foreign Minister Sergey Lavrov and presidential aide Yuri Ushakov.
“President Trump wants to stop the killing; the United States wants peace and is using its power in the world to bring countries together. President Trump is the only leader in the world who can convince Ukraine and Russia to agree to this,” Rubio added.
The secretary of state also said that “one phone call followed by one meeting is not enough to establish a lasting peace. We must act, and today we took an important step forward.”
Rubio expressed his gratitude to the Kingdom of Saudi Arabia for hosting him under the leadership of Crown Prince Mohammed bin Salman Al Saud.
As reported, on Tuesday, the first round of talks between US and Russian officials took place in Riyadh (Saudi Arabia), which lasted more than four hours. As previously reported by the media, the main topic of the talks should be the end of the Russian war in Ukraine.
Mexican President Claudia Sheinbaum has instructed the country’s Economy Ministry to prepare all possible measures in response to the US imposition of import duties on Mexican goods, calling the White House’s accusations against the Mexican government regarding its ties to criminal organizations slanderous.
“I am instructing the Minister of Economy to implement Plan B, which we are working on, which includes tariff and non-tariff measures to protect Mexico’s interests,” Sheinbaum wrote on social media platform X.
She also accused the United States of ineffectively combating the spread of fentanyl and supplying weapons to criminal groups in Mexico.
Sheinbaum suggested that Trump create a working group with the participation of the best experts in the field of public health and security, solving the problems “not through the introduction of tariffs, but through negotiations and dialogue.”
As reported, Trump is set to sign an executive order next week imposing 25% tariffs on goods imported from Mexico and Canada and 10% on goods imported from China. At the same time, duties on energy from Canada will be 10% and will affect the entire Canadian energy sector, including oil, gas, and electricity.
Canada will impose a 25% duty on $155 billion worth of imports from the United States in response to the US tariffs announced by US President Donald Trump, Prime Minister Justin Trudeau said.
“In response to the US trade actions, Canada will impose a 25% duty on $155 billion worth of goods,” the prime minister said in a video message.
He explained that starting Tuesday of next week, the duties will affect $30 billion worth of goods, then $125 billion worth of goods within three weeks so that Canadian companies have time to find alternative partners.
The government and the leadership of the provinces and territories are also considering the possibility of imposing non-tariff restrictions on the United States regarding critical minerals, energy and other goods, Trudeau said.
