Charles had given an address from Canada since becoming king and only the third time the annual speech kicking off the parliamentary session had been delivered by a British monarch, not a lower representative of the Crown.
Shortly after, Trump met and shook hands with Syrian leader Ahmed al-Sharaa, who had only recently been removed from the US’s “Specially Designated Global Terrorist” list.Calls for sanctions relief had grown following the fall of al-Assad’s government last December. As head of the Hayat Tahrir al-Sham (HTS) group, al-Sharaa spearheaded the offensive that led to al-Assad fleeing the country, bringing the civil war to an end.
The war, which first broke out in 2011, had left Syria’s economy in tatters.As many as 656,493 people were killed during the conflict, according to the Syrian Observatory for Human Rights, and a 2020 report from the United Nations estimated that the country suffered total economic losses of about $442.2bn in the first eight years of the war alone.Sanctions have further dampened Syria’s economic outlook, making it difficult for countries with ties to the US to conduct business there.
Since taking power in December, Syria’s interim government has argued the ongoing sanctions, largely imposed during al-Assad’s rule, would slow development and cause further instability.Trump’s announcement earlier this month
hope for many Syrians of a new path forward, although the extent of the relief had remained unclear.
Earlier this week, the European Union also($603bn). Pharmaceuticals, cars and auto parts, chemicals and aircraft were among the largest exports, according to EU data.
What is the EU offering?Last week, the US rejected a proposal sent by the European Commission. The EU had offered to remove tariffs on industrial goods, boost access for some US agricultural products and co-develop AI data centres, Bloomberg reported.
It also proposed enhancing economic cooperation in areas like shipbuilding and port infrastructure, as well as by establishing an EU-US energy partnership covering gas, nuclear power and oil.In exchange, Brussels wants the Trump administration to have more flexibility on lowering the 10 percent baseline tariff — including by potentially lowering it in phases over time.