European Union, Trump and trade tariffs
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The Associated Press - Business News |
“Europe has not started this confrontation. We do not necessarily want to retaliate, but if it is necessary, we have a strong plan to retaliate and we will use it,” European Commission President Ursul...
U.S. News & World Report |
President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods.
The Washington Post |
But now they are determining policy that will increase the costs of goods for many Americans.
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The European Union is "preparing for further countermeasures, to protect our interests and our businesses if negotiations fail," Ursula von der Leyen said early on Thursday. U.S. President Donald Trump imposed 20% tariffs on the EU on Wednesday.
Marco Rubio is visiting NATO's headquarters for a meeting of foreign ministers, putting him on the front lines of the Trump administration's push against U.S. allies.
European shares tumbled on Thursday, notching their biggest daily loss in eight months, on fears an escalating trade war would slam the brakes on economic growth in the wake of hefty tariffs announced by U.
U.S. President Donald Trump’s announcement of a new 20% tariff on the European Union drew a sharp rebuke from European Commission President Ursula von der Leyen.
Donald Trump’s re-election has pushed Europe’s NATO members to re-evaluate how much of their GDP is channeled into national security.
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U.S. officials have told European allies they want them to keep buying American-made arms, amid recent moves by the European Union to limit U.S. manufacturers' participation in weapons tenders, five sources familiar with the matter told Reuters.
Frankfurt: United States President Donald Trump has imposed sweeping new tariffs on American imports, triggering widespread condemnation and fears of a global trade war. The move stunned governments and investors, prompting immediate threats of retaliation and calls for negotiation, while global stocks took a hit.
The European Union is urging citizens across the continent to stockpile food, water and other essentials to last at least 72 hours as war, cyberattacks, climate change and disease increase the chances of a crisis.
European stocks headed for their worst drop since August after US President Donald Trump announced the steepest tariffs in a century, including a 20% rate for the European Union.