Trump, tariffs and EU
Digest more
Trump said he planned to increase tariffs on imported steel and aluminum to 50% from 25%, deepening his trade war.
1d
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
President Donald Trump on Friday threatened a 50% tariff on goods from the European Union, citing a lack of progress in current trade negotiations.
It came a day after a previous ruling temporarily blocked many of the administration's sweeping trade tariffs.
The U.S. president’s trade policies are exposing the fragility of an economic model built on car production and jeopardizing growth, jobs and standards of living.
Trump backed away from his threat to impose 50% tariffs on imports from the European Union next month, restoring a July 9 deadline to allow for talks between Washington and the 27-nation bloc to produce a deal.
3don MSN
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.
The delay offers the bloc more time to negotiate a trade deal and avert 50% tariffs that Trump had threatened to impose on June 1.
Feedback