A last-minute deal between the US and European Union has averted a looming trade war, imposing a 15% tariff on most EU exports. Discover how this pact, negotiated under pressure from President Trump, affects the global economy.
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President Trump's new 25% tariffs on automobiles have triggered fierce backlash from Germany, prompting calls for a strong EU response. As tensions rise, what does this mean for global trade?
President Trump is set to announce new tariffs on automobiles and pharmaceuticals soon, adding to his ongoing trade war strategy that includes steel and aluminum duties. This move signals a broader effort to reshape U.S. trade policies as April 2 approaches.
