Trump, European Union and tariffs
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U.S. Commerce Secretary Howard Lutnick downplayed the impact of legal uncertainty around U.S. tariffs on negotiations with the European Union during an interview with Fox News Sunday, saying talks were ongoing.
It came a day after a previous ruling temporarily blocked many of the administration's sweeping trade tariffs.
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essanews.com on MSNTrump's tariff hike on EU metals sparks economic backlashThe European Commission reacted strongly to Donald Trump's decision to raise tariffs on steel and aluminum imports from the EU to 50 percent. Brussels announced possible retaliatory measures and warned that this move would harm the global economy and affect industries on both sides of the Atlantic.
Trump's announcement comes days after he threatened the EU with a 50% tariff after having paused reciprocal tariffs on it and other nations in April.
Stock market today: Dow, S&P 500, Nasdaq soar as Trump pauses EU tariff hikes for fast-tracked talks
The EU on Monday agreed to speed up tariff talks with the US, easing concerns about a trans-Atlantic trade war. The move followed Trump’s announcement on Sunday that the US woul
Donald Trump's wide-ranging taxes on imports were reinstated this week after being deemed illegal by a trade court. Their ultimate fate is yet to be decided.
The "Make America Great Again" roadshow arrived in Europe this week with events in two nations where American conservatives see prime opportunities.
For months, President Donald Trump has boasted that his most sweeping tariffs amount to powerful leverage to win trade concessions from Beijing to Brussels.