In a groundbreaking announcement, Trump reveals a new trade deal with the EU that promises to boost agriculture and the automotive industry. With a 15% tariff rate, both sides celebrate the partnership as a significant step forward.
As President Trump and EU Commission President Ursula von der Leyen meet in Scotland, a potential trade deal could reshape tariffs on European goods, easing uncertainty for businesses. Will they strike a deal or face new tariffs?
The S&P 500 has officially entered correction territory, falling more than 10% from its peak as Donald Trump’s escalating trade wars send shockwaves through the market. With tariffs on steel and aluminum now in effect, and threats of new tariffs on European goods, investors are on edge. The Nasdaq Composite is also feeling the pressure as Wall Street grapples with uncertainty and volatility.
