Trump threatens the European Union and Mexico
Digest more
The EU will suspend retaliatory tariffs on U.S. goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.
The EU paused planned countermeasures against the US after Trump delayed a tariff hike. But a new 30% rate has the bloc considering retaliation.
President Donald Trump announced 30% tariffs Saturday on the European Union, a move that will have repercussions for companies and consumers on both sides of the Atlantic.
German Finance Minister Lars Klingbeil said on Sunday the European Union must take "decisive" measures against the United States if tariff negotiations fail to cool an escalating global trade war.
President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.
The EU will suspend retaliatory tariffs on US goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month.
President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.
America’s biggest trading partners have tried tactics ranging from appeasement to retaliation to avoid higher tariffs. All find themselves faced with similar threats from Washington.