EU braces for higher prices as US trade war ramps up

EU braces for higher prices as US trade war ramps up

From bbc.com

In Brussels, it was just after 06:00 on Wednesday. But it was midnight in Washington DC when President Donald Trump's 25% tariffs on steel and aluminium took effect on major US trading partners. It took less than 10 minutes for the European Union to respond. "Tariffs are taxes. They are bad for business, and worse for consumers," said European Commission President Ursula von der Leyen. The EU's initial countermeasures will take effect on US products on 1 April, ranging from jeans and motorbikes to peanut butter and bourbon, just as they were with the Trump administration's first tariffs in 2018 and 2020. But there ... (full story)

It's Art of the Deal in action but I don't think her handlers advised her to read it yet.

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Quoting MedievalEcon

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It's Art of the Deal in action but I don't think her handlers advised her to read it yet. {image}

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Stop legitimizing this nonsense

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