U.S. Steel, european union and tariffs
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The EU warned it was "prepared" to retaliate against the latest tariffs, adding the sudden move "undermines ongoing efforts to reach a negotiated solution" between the bloc and the United States.
Trump said it was a “privilege” to grant the extension after a phone call with European Commission President Ursula von der Leyen.
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Cryptopolitan on MSNEU slams US steel tariff hike, promises that countermeasures are comingThe EU is calling out the White House after President Donald Trump said on Friday that he’s hiking steel and aluminum tariffs to 50%, up from the current 25%.
Global trade stumbled in April as President Donald Trump’s tariffs prompted US consumers to hit the brakes on spending. The undercurrent of anxiety among many American consumers about the economy after the weakest quarter for spending in nearly two years is hitting exporters from Europe to Asia.
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The European Union said Monday that it will "fast-track" trade negotiations with the US as a new deadline looms.
The EU’s proposal outlines mutual investment and procurement plans in artificial intelligence, digital connectivity, and other sectors.
European Union Trade Commissioner Maros Sefcovic said on Friday that he had held another call with U.S. Commerce Secretary Howard Lutnick, as the EU and the United States continue efforts to reach a deal on tariffs.
Stock market today: Dow, S&P 500, Nasdaq soar as Trump pauses EU tariff hikes for fast-tracked talks
The EU on Monday agreed to speed up tariff talks with the US, easing concerns about a trans-Atlantic trade war. The move followed Trump’s announcement on Sunday that the US woul