The European Union, led by President Ursula von der Leyen, has proposed a "zero-for-zero" tariff resolution following the Trump administration's recent imposition of a 20% tariff on imports. During a press conference, von der Leyen emphasized the EU's willingness to negotiate fair trade agreements, citing their success with other partners. Meanwhile, Trump's announcement of a 10% baseline global tariff has resulted in a sharp decline in global stock markets, highlighting concerns over escalating trade tensions.
Ursula von der Leyen stated that the EU is offering "zero-for-zero tariffs for industrial goods" as a resolution to the recent U.S. import levies.
The announcement of a 10% global tariff by Trump on April 2 has caused a significant decline in global stocks, indicating market anxiety.
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