The European Union has vowed to strike back after U.S. President Donald Trump imposed sweeping 20% tariffs on EU goods, labeling the move as disruptive to global trade. European Commission President Ursula von der Leyen condemned the decision, warning it would raise consumer prices, hurt businesses, and destabilize the world economy. Key Developments: 1. Trump’s … Read more
President Donald Trump has announced a dramatic expansion of U.S. tariffs, imposing a 10% baseline tax on all imports and significantly higher rates on key trade partners, including China (34%) and the European Union (20%). The move, framed as a bid to revive American manufacturing and correct trade imbalances, has sent shockwaves through global markets, … Read more
President Donald Trump has unleashed a sweeping new tariff plan—the most dramatic shakeup of global trade in decades—imposing steep import taxes on goods from China, the EU, and other nations he calls “economic offenders.” In a fiery White House announcement, Trump declared a 10% baseline tariff on all imports, with even higher rates for 60 … Read more