Donald Trump has expressed support for an 80% tariff on imports from China via his Truth Social site, suggesting this would better serve US interests than the 145% he recently imposed. He also urged China to open its markets, emphasizing the mutual benefits of trade. Meanwhile, European Commission President Ursula von der Leyen is contemplating a trip to Washington to negotiate a concrete trade package with Trump. The rising Euro Stoxx Volatility Index demonstrates market recovery following earlier turmoil, coinciding with discussions on Britain's trade deal with the US, likely to attract more investment.
Trump has suggested an 80% tariff on Chinese goods, a significant reduction from the 145% imposed last month, but still makes imports expensive.
European Commission President Ursula von der Leyen is considering a visit to the White House but only when there is a concrete trade package to discuss.
The Euro Stoxx Volatility Index has dropped to its lowest since Trumpâs 'Liberation Day' tariff announcement, indicating reduced market fear.
Professor Costas Milas explains that Britain's new trade deal with the US could result in increased foreign investment into the UK.
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