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EU And US Reach Agreement On New Trade And Tariff Framework

Robust Regulatory FrameworkThe

The European Council and the European Parliament reached an agreement on tariff measures linked to the EU-US Joint Statement, also known as the Turnberry Agreement, in a move aimed at strengthening long-term trade stability between the European Union and the United States. The framework is based on two legislative proposals introduced by the European Commission in August 2025. One proposal removes remaining tariffs on selected U.S. industrial products while granting preferential access for specific seafood and non-sensitive agricultural goods. A second measure extends the suspension of tariffs on lobster imports retroactively from August 1, 2025.

Enhanced Safeguard Mechanisms

Alongside tariff adjustments, the agreement introduces new safeguard provisions designed to protect European producers. Under the framework, the European Commission will be able to review cases where at least three member states, European industries or trade unions submit evidence of substantial market harm. An expiration clause running through the end of 2029 has also been incorporated into the agreement. That mechanism allows suspension measures to be reconsidered if the United States fails to comply with agreed commitments.

Leadership And Strategic Commitment

Energy, Commerce and Industry Minister Mihalis Damianos said the agreement reflects the European Union’s commitment to maintaining stable international trade relations while safeguarding the interests of European businesses and workers. Ursula von der Leyen called on European lawmakers to accelerate the ratification process and reaffirmed the EU’s commitment to fulfilling its trade obligations. European Parliament Chief Negotiator Bernd Lange and Trade Commissioner Maros Sefcovic also stressed the importance of the safeguard measures and highlighted the EU’s role as a reliable long-term trading partner.

Implications For Global Trade

Trade between the European Union and the United States accounts for nearly 30% of global trade in goods and services and approximately 43% of global GDP. Bilateral investment flows exceeded €4.7 trillion in 2023, underlining the scale of the transatlantic economic relationship. Formal implementation of the agreement will begin after ratification by both EU institutions and publication in the Official Journal of the European Union.


Meta Bets On AI To Strengthen Facebook’s Appeal Among Creators

Meta is expanding its use of artificial intelligence to strengthen Facebook’s appeal among creators, unveiling plans to transform Creator Studio into a standalone AI-powered companion app designed to simplify content management and audience growth.

An AI Assistant Built Around Creator Workflows

Announced on Wednesday, the new app is currently being tested with a select group of creators and incorporates Facebook’s recently launched AI creator assistant. According to Meta, the tool provides personalised recommendations based on a creator’s content, audience engagement, performance metrics and growth objectives.

Rather than navigating multiple dashboards and analytics reports, creators will be able to ask questions directly in a conversational format. Queries such as when to post, how content is performing or what audiences are discussing in the comments can be answered through the assistant, with follow-up prompts offering deeper insights into engagement trends.

From Analytics To Action

Beyond reporting performance data, the platform is designed to help creators act on those insights. A new AI-powered comment management tool will identify priority interactions and suggest responses tailored to the creator’s tone and style. Suggested replies can be reviewed and edited before publication, allowing creators to maintain control over their communication while reducing the time spent managing engagement.

Daily recommendations will also be integrated into the app, highlighting key tasks such as reviewing recent content performance, tracking progress toward audience goals and responding to important comments. The aim is to turn Creator Studio into a more comprehensive productivity tool rather than a traditional analytics platform.

Why Meta Is Pushing Harder For Creators

The initiative comes as competition for creators intensifies across social media platforms. Facebook continues to compete with TikTok and YouTube for audience attention, making creator retention an increasingly important priority. By embedding AI more deeply into creator workflows, Meta is seeking to make content planning, performance analysis and community management easier without requiring users to rely on external tools.

Keeping more of those activities within Facebook’s ecosystem could help strengthen creator engagement while reducing dependence on third-party AI platforms for brainstorming, analytics and audience insights.

Part Of A Broader App Expansion Strategy

Wednesday’s announcement fits into a broader pattern of product launches from Meta. Last month, the company introduced Forum, a stand-alone app for Facebook Groups that functions similarly to Reddit. In April, it launched Instants, an app for sharing disappearing photos with Instagram friends.

The pipeline appears to be growing. The New York Times reported this week that Meta is also building a prediction-market app internally known as Arena, though it has not yet launched. Taken together, these products suggest a company that is increasingly comfortable spinning up focused apps around specific use cases instead of relying solely on its flagship platforms.

That approach aligns with comments CEO Mark Zuckerberg reportedly made to employees earlier this year, when he pointed to AI-driven efficiencies as a way for Meta to build more apps than it historically has. The message is clear: Meta is not just adding AI features. It is reorganizing product strategy around them.

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