As the U.S. imposes hefty tariffs, EU's Ursula von der Leyen warns of dire global consequences and prepares countermeasures. Could this spark a new trade war?
In a bold move, President Trump threatened to impose significantly higher tariffs on the EU and Canada if they retaliate against his economic policies. As tensions rise, both sides prepare for potential fallout.
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.
In a landmark proposal, the European Commission aims to borrow up to €150 billion to bolster EU defense amidst rising tensions with Russia and uncertainty over U.S. military support. EU leaders are under pressure to significantly increase defense expenditures.
