EU to keep calm and carry on in trade talks after Trump tariff reprieve

This article outlines key developments in EU-US trade relations and sanctions against Russia. EU regulators are set to stress-test non-bank financial institutions, raising concerns among hedge funds and credit groups. Amidst ongoing trade negotiations, the EU is resisting US demands on digital taxes and food standards while pushing for a lower price cap on Russian oil from $60 to $45 per barrel, though consensus among EU member states and G7 partners remains uncertain.

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