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EU and US agree trade deal, with 15% tariffs for European exports to America

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[pic BBC]

The United States and European Union have reached a trade deal framework, ending a months-long standoff between two of the world’s biggest economic partners.

After make-or-break negotiations between President Donald Trump and European Commission President Ursula Von der Leyen in Scotland, the pair agreed a US tariff on all EU goods of 15%.

That is half the 30% import tax rate Trump had threatened to implement starting on Friday. He said the 27-member bloc would open its markets to US exporters with zero per cent tariffs on certain products.

Von der Leyen also hailed the deal, saying it would bring stability for both allies, who together account for almost a third of global trade.

Trump has wielded tariffs against major US trade partners in a bid to reorder the global economy and trim the American trade deficit.

As well as the EU, he has struck tariff agreements with the UK, Japan, Indonesia, the Philippines and Vietnam, although he has not achieved his goal of “90 deals in 90 days”.

Sunday’s agreement was announced after private talks between Trump and Von der Leyen at his Turnberry golf course in South Ayrshire.

Trump – who is on a five-day visit to Scotland – said following their brief meeting: “We have reached a deal. It’s a good deal for everybody.”

“It’s going to bring us closer together,” he added.

Von der Leyen also hailed it as a “huge deal”, after “tough negotiations”.

[BBC]

 



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Sri Lanka lose Women’s Champions Trophy hosting rights

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The change in venue could significantly impact the Sri Lanka side (Cricinfo)

The inaugural Women’s Champions Trophy, scheduled for February 2027, will be moved out of  Sri Lanka with the SLC set to be stripped of hosting rights. Cricinfo has confirmed that the six-team event will be played at a different venue in the same window, and it is likely to be held in India. The new hosts will be confirmed at the next ICC board meeting in October.

Sri Lanka have lost the right to stage the tournament, which was due to be their second ICC event in a year after they also co-hosted the 2026 men’s T20 World Cup, because of government interference in their board. The SLC has an interim administration, called the Transformation Committee, which was put in place by the Sri Lankan government and will oversee major board changes including to the constitution.

The ICC does not recognise politically appointed administrations and SLC representatives have not been at ICC board meetings since the Transformation Committee was put in place.

The change in venue could significantly impact the Sri Lanka side, who only qualified for the event by virtue of it being held in their country. The competition is limited to the top six teams on the ICC rankings and, as of the rankings update on Saturday, Sri Lanka are currently seventh. Australia, England, India, New Zealand and South Africa make up the top five. West Indies are sixth and would have originally missed out but if Sri Lanka do not qualify, then the Caribbean could sneak in.

This will be the second time in three years that Sri Lanka have lost out on an ICC event. In 2023, the 2024 men’s Under-19 World Cup was taken away from them  for the same reasons and moved to South Africa.

In any case, while the Transformation Committee is in charge, SLC’s electoral processes stand suspended. The Transformation Committee’s official task is to reform that very electoral system, and the Sri Lanka Cricket constitution in general. According to the country’s laws, this can only be done through parliament.

The Transformation Committee has said it has produced a fresh constitution which is expected to be taken up in parliament over the next few weeks. Members of that Transformation Committee told Cricinfo that it expects for SLC elections to take place before the end of 2026, so long as the parliamentary process runs smoothly.

(Cricinfo)

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Iran attacks US bases in Jordan after US strikes Larak Island

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Iran's IRGC says one of the two targets it attacked on Sunday was the Al Azraq base in Jordan, which hosts US air assets [File; Aljazeera]

Iran says it launched missiles at two US bases in Jordan following a US attack on Larak Island in southern Iran earlier on Sunday.

In a statement reported by Iranian news agencies on Sunday, the Islamic Revolutionary Guard Corps (IRGC) said the combined missile and drone operation, which it called “Punishment of the Aggressor”, hit the King Hussein and Al Azraq bases in Jordan.

The exchange of attacks is the first flare-up in violence between the two sides since late July.

The IRGC said the strikes “destroyed the technical and repair infrastructure, as well as the enemy fighter deployment sites”, inflicting significant damage.

Jordan reported intercepting eight missiles soon after the IRGC announced the attack.

“Air defence systems intercepted eight missiles that breached the Kingdom’s airspace at dawn today, Monday,” the Jordanian military said in a statement.

No injuries were reported at either base.

“Aggression and crimes will not solve the enemy’s desperation in attempting to weaken the Islamic Republic’s control over the Strait of Hormuz, and every attack will be met with even more devastating responses,” the IRGC statement said.

Tehran had promised to retaliate for Sunday’s US attack on Larak Island.

The strikes risk renewing the military confrontation as Washington shifts from its bombing campaign to a financial pressure strategy on Tehran, and as the US-Israel war on Iran enters its seventh month.

On Monday, the US military denied that its Sunday attacks were an “act of aggression”.

[Aljazeera]

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Sun directly overhead Neriyakulam, Punewa, Kebithigollewa, Pankulam and Sinhapura at about 12.10 noon today (31)

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The sun is going to be directly over the latitudes of Sri Lanka from  28th of August to 07th of September due to its apparent southward relative motion.

The nearest places of Sri Lanka over which the sun is overhead today (31) are Neriyakulam, Punewa, Kebithigollewa, Pankulam and Sinhapura about 12.10 noon.

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