The European Union has voted to impose $24 million in tariffs on specific U.S. goods, as retaliation for American tariffs on European aluminum and steel. This decision comes in the wake of U.S. President Trump's announcement of a 90-day pause on global tariffs, except for China, creating confusion within international markets. French President Emmanuel Macron stated that while the EU will not back down in trade talks, it is also open to negotiations and has delayed some tariffs to facilitate this process. The EU aims to maintain stability and avoid a full-blown trade war.
The EU aims to impose $24 million in tariffs on U.S. goods due to American tariffs on steel and aluminum, highlighting the ongoing trade tensions.
Amidst EU tariff announcements, President Trump declared a 90-day pause on global tariffs, except for China, adding to the market confusion.
Economic correspondent Emmanuel Lechypre noted Trump's unpredictability in trade negotiations, calling his actions 'permanent surprises' that continually push the boundaries.
Despite the tariffs, the EU is keen to negotiate, delaying the implementation of some tariffs and offering zero tariffs if the U.S. reciprocates.
Collection
[
|
...
]