Trump tariffs

Trump Tariffs: What products do the EU and US buy from each other?

The United States buys $235.6bn more in goods than it sells to the 27 countries that make up the European Union (EU). That $236bn gap, known as the trade deficit, is something US President Donald Trump wants to reduce. In an effort to close the gap, on April 2 the US imposed a 20 percent … Read moreTrump Tariffs: What products do the EU and US buy from each other?

Europe hopes for Trump tariffs deal but prepares for the worst

EUROPEAN COMMISSSION/DATI BENDO/HANDOUT European Commission President Ursula von der Leyen has already laid out initial countermeasures Europe’s leaders had been preparing for “Trump’s trade war” – but the reality of a 20% blanket US tariff still came as a shock. “This decision is a catastrophe for the economic world,” said French Prime Minister François Bayrou. … Read moreEurope hopes for Trump tariffs deal but prepares for the worst

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