Daily brief
The EU doubled steel tariffs to 50% to curb a surge of cheap Chinese imports, while Spain's Sanchez called the trade imbalance with China 'unsustainable'. The bloc also agreed on stricter rules for steel imports and outlined a plan to overcome the energy crisis.
Hungary resists EU plans to phase out Russian energy, and Eni's CEO called for suspending the EU ban on Russian LNG.
Hungary won't block a €90 billion EU loan to Kyiv, Magyar said, as Hungarian assets surged following Orban's election defeat. The EU ties a €35 billion fund release to Hungary's break with the Orbán era.
The EU plans more fuel subsidies to tackle Iran war price spikes and will recommend lower energy taxes to offset surging oil and gas.
The EU threatens to cut funding over a Russian pavilion at the Venice Biennale (ongoing coverage).