A recent survey indicates that a significant majority of Western Europeans support retaliatory tariffs against the US if Trump imposes new import duties. This could escalate into a trade war affecting major sectors like automotive and luxury goods.
In a surprising move, President Trump has granted a one-month tariff exemption to automakers in Mexico and Canada, allowing them to avoid economic disadvantage as negotiations continue. This decision comes just before reciprocal tariffs are set to take effect.
