European Union, Trump and tariffs
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President Trump plans to impose 30% tariffs on EU imports starting August 1, prompting French dairy leaders to warn of 'disastrous' impacts on their exports.
Mexico and Europe are grappling with how to respond to a U.S. administration that is using trade policy for a range of political and economic objectives.
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Despite bumps, changes in Trump's tariff policies do not seem to steadily spook investorsStocks fell across the board on Friday after President Trump threatened a new 35% tariff on Canada. CBS News contributor Javier David breaks down the market's reaction.
Yet the market (as of July 11) isn't far off from its all-time high, and it doesn't seem to be poised for the same explosive sell-off that occurred in early April. Is the stock market underestimating Trump's tariffs?
The major averages are coming off a choppy session as investors follow the latest trade headlines out of the White House.
The tariffs are likely to inflame tensions with one of the largest U.S. trading partners.
BRUSSELS >> The European Union said on Sunday it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement as U.S. President Donald Trump’s administration demanded more concessions from trading partners.
Amidst fluctuating markets and governmental reforms, President Trump's tariffs are influencing both consumer goods and federal operations. Used car prices have surged due to tariffs, the Treasury Department anticipates significant revenue from tariff collections,
The outlook for the economy got cloudier Tuesday after Trump sent mixed signals about an Aug. 1 deadline for his long-delayed "Liberation Day" tariffs.