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EU Criticizes US Tariffs, Warns of Economic Fallout

European Commission President Ursula von der Leyen condemned US President Donald Trump’s new global tariffs, calling them a “major blow to the world economy.” Speaking in Uzbekistan, she warned of rising costs for consumers and businesses while signaling possible EU countermeasures if negotiations with Washington fail.

The EU is preparing tariffs on up to €26 billion worth of US goods in response to American steel and aluminum duties.

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ECO Leaders Meet in Khankendi for 17th Summit

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The 17th Summit of the Economic Cooperation Organization (ECO) convened in Khankendi, Azerbaijan, with the participation of Turkish President Recep Tayyip Erdoğan and other regional leaders. Hosted by Azerbaijani President Ilham Aliyev, the summit brought together heads of state and government from Iran, Uzbekistan, Kyrgyzstan, Tajikistan, Pakistan, and the Turkish Republic of Northern Cyprus (TRNC).

In his speech, President Erdoğan criticized Israel’s regional actions, stating, “We can neither abandon the Palestinian cause nor remain silent as the Netanyahu administration turns our region into a bloodbath.” Iranian President Masoud Pezeshkian defended recent Iranian military actions under the UN Charter’s right to self-defense. Azerbaijani President Ilham Aliyev said, “Currently, Azerbaijan is building new cities and villages on the lands that Armenia turned into ruins, the Great Return program is being implemented.”

Established in 1985 as a continuation of the earlier RCD platform, the ECO aims to boost regional cooperation among its 10 member states. The summit, held every two years, facilitates joint initiatives across sectors such as trade, transport, energy, and health.

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