In a surprising move, President Trump hints at lowering tariffs on China, potentially easing trade tensions and impacting American consumers. The current tariffs, as high as 145%, have strained relations between the world's two largest economies.
As President Trump prepares to unveil his tariff plans, uncertainty looms for businesses and nations alike. With potential countermeasures on American goods, the stage is set for escalating trade tensions.
In a bold move, the European Union has announced countermeasures against the U.S. tariffs on steel and aluminum, targeting €26 billion worth of American goods. Ursula von der Leyen warns of economic uncertainty and rising prices on both sides of the Atlantic.
