Trump, reciprocal tariff
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Donald Trump’s top trade negotiator has warned the EU that trade remains a “flashpoint” with Washington, as US officials grow frustrated at the bloc’s slow pace in cutting tariffs and regulations.
The European Parliament began debating on Tuesday whether to make the EU-U.S. tariff deal conditional on concessions from Washington and limited in time, which could reignite trade tensions with the Trump administration.
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It’s clear that EU food and beverage exporters are reconsidering their approach to the US market as tariffs and the weaker dollar bite.
4don MSNOpinion
US president Donald Trump’s 15% baseline tariffs on EU imports may read like a throwback to old-school protectionism, designed to safeguard American jobs and manufacturing. But in today’s globalised and digitally driven economy, the risk isn’t just to steel or car factories, it’s to innovation itself.
14don MSN
“The use of tariffs the way that President Trump is using them is like — just broadscale attack on an economy as a way to incentivize a foreign government to change their posture,” said Kilcrease, now a director at the Center for a New American Security think tank.
Trump says tariff income will fund $2,000 checks for Americans. However, Congressional approval is still needed.
Regtechtimes on MSN
Trump's tariffs rollback targets cost-of-living crisis; coffee and cocoa prices expected to dropPresident Donald Trump has taken a significant step to reduce grocery prices by removing tariffs on a range of imported agricultural products. The executive order, signed on Friday afternoon, targets goods that are generally not grown or produced in the United States,