Trump, Euro and Tariff
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1don MSN
President Donald Trump has announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1.
Despite early criticism that his approach to trade was erratic, senior officials now say the strategy is yielding stronger negotiating positions.
2h
Daily Times on MSNEU trade chief travels to Washington to stop new U.S. tariffsEU Trade Commissioner Maros Sefcovic flew to Washington on Wednesday to try to resolve tariff disputes with the U.S. He will meet with U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer to discuss the issue.
EU trade ministers have agreed that U.S. President Donald Trump’s 30% tariffs announced on the European Union are “absolutely unacceptable,” and they are studying a new set of countermeasures to respond to the move.
Four months since Trump fired the opening salvo of his trade war, only China and Canada have dared to hit back at Washington imposing a minimum 10 per cent global tariff, 50 per cent levies on steel and aluminium, and 25 per cent on autos.