The European Union's foreign policy chief Kaja Kallas questioned new US tariffs on European goods, citing unfounded allegations of lax forced labour controls. The Trump administration imposed 10-12.5% tariffs on 60 trading partners, including the EU, aiming to restore a global tariff vision. Separately, the EU approved its 21st sanctions package against Russia, targeting its banking sector and cryptocurrency networks to limit war financing. Global trade tensions could boost safe-haven demand for gold, while crypto sanctions may add volatility to digital asset markets in Pakistan.
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