Donald Trump, European Union and tariffs
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While Donald Trump's wide-ranging taxes on imports face scrutiny in court, he also continues to alter them and introduce or propose others. Here's what it will mean for you.
U.S. President Donald Trump reiterated a warning from a month ago that countries will get information about tariff rates by letter, saying his administration will be “sending letters out in about a week and a half,
"We strongly regret the announced increase of U.S. tariffs on steel imports from 25% to 50%," an EU spokesperson said in a statement to NBC News. "This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic," the spokesperson continued.
Retail executives anticipate Trump will ease reciprocal tariffs, citing his past "TACO trade" pattern of threatening duties then backing down. Discover why historical flip-flops and economic realities suggest a pullback is likely.
UK trade with the US experiences its largest monthly decrease on record due to US tariffs, while the overall trade deficit grows and the UK economy contracts amid global tensions.
The EU said on Friday that it is open to reducing tariffs on US fertiliser imports as a trade bargaining tool in talks with the Trump administration. However, the EU said it would not weaken its ...
Skyline view of the City of London financial district from the viewpoint in Greenwich Park in London, United Kingdom. This is CNBC's live blog covering European financial markets. Good morning from London, where futures data from IG suggest stock markets will nudge higher at the open — following declines in France, Germany and Italy.
A trade war with the European Union could negatively impact many U.S. industries. The lobster trade provides a specific case study of how one significant industry could be severely harmed.
The EU said on Friday that it is open to reducing tariffs on US fertiliser imports as a trade bargaining tool in talks with the Trump administration. However, the EU said it would not weaken its ...