In response to President Trump's recent tariffs on imports, global markets have seen turmoil, prompting various countries to react differently. The European Union sharply retaliated with $28 billion in tariffs on American goods, targeting products from Kentucky bourbon to Harley-Davidson motorcycles. Meanwhile, the EU President emphasized the need to protect consumers and remained open to negotiations. Other nations, like the UK and China, adopted a measured response. The market's volatility fuels concerns over inflation and a potential U.S. recession, highlighting the unpredictable nature of Trump's trade policies.
The European Union announced retaliatory tariffs totaling $28 billion on U.S. products, defending their measures as strong yet proportionate to Trump's tariffs.
President Trump labeled the EU as "the most hostile and abusive taxing and tariffing authorities in the World" following their announcement of retaliatory tariffs.
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