‘Outnumbered’ discusses European Fee President Ursula von der Leyen providing the US ‘zero-for-zero’ tariffs on industrial items because the markets react to President Donald Trump’s world commerce insurance policies.
The European Union on Wednesday introduced the approval of retaliatory tariffs on $23 billion {dollars} in U.S. items as “countermeasures” towards President Donald Trump’s tariffs.
“The EU considers US tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy,” the European Fee mentioned in a press release. “The EU has stated its clear preference to find negotiated outcomes with the US, which would be balanced and mutually beneficial.”
The tariffs will start to enter impact on April 15, although the European Fee didn’t instantly present a listing of affected items. The fee additionally mentioned the tariffs might be suspended at any time, “should the US agree to a fair and balanced negotiated outcome.”
The transfer comes after Trump introduced contemporary 20% tariffs on EU imports final week.
CHINA TO INCREASE TARIFFS ON US IMPORTS FROM 34% TO 84%
A cargo ship filled with delivery containers is seen on the port of Oakland, as commerce tensions escalate over U.S. tariffs, in Oakland, California, on March 6, 2025. (Reuters / Reuters Pictures)
On Monday, European Fee President Ursula von der Leyen mentioned the European Union, a 27-country bloc, is “ready to negotiate” with Trump over tariffs, noting that “we have offered zero-for-zero tariffs for industrial goods.”
Von der Leyen additionally mentioned “in parallel we are preparing a potential list for retaliation and other measures for retaliation if this is necessary,” although “we prefer to have a negotiated solution.”
UBS World Wealth Administration Nadia Lovell discusses how tariffs may change the Federal Reserve’s fee lower calculus on ‘Making Cash.’
‘SEISMIC SHIFT’ IN TRADE CAUSING FRACTURED MESSAGING ON TRUMP TARIFFS
Trump’s reciprocal tariffs have additionally sparked an escalating commerce warfare with China, which introduced on Thursday that it’ll now tax American items at 84%.
The escalation started final week when Trump first introduced a 34% reciprocal tariff towards China, which responded with a tariff of the identical quantity on America.
Sen. Joni Ernst, R-Iowa., discusses a report on Protection Well being Company employees spending taxpayer time and cash engaged on their union advantages and requires persistence following President Donald Trump’s tariffs and commerce negotiations.
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Trump then imposed a further 50% tariff on Beijing after China refused to raise its retaliatory tariffs. That tariff, on prime of beforehand imposed tariffs of 20% and 34% towards China, brings the entire U.S. tariff on Chinese language items to 104%.
