Summary
Donald Trump has announced plans to impose 25% tariffs on the European Union, claiming the bloc was “formed to screw the United States.”
While details are pending, he suggested the levies would target cars and other imports. The EU, a major U.S. trading partner, has vowed immediate retaliation, with potential tariffs impacting $29.3 billion in exports.
French President Emmanuel Macron had attempted to dissuade Trump, urging focus on China instead.
Critics, including economists and conservative media, warn the tariffs could harm the U.S. economy.
2 sides to that coin. You also only need presence/trade deal once and you’ve access to a very large market as a whole all at once. In the end, everyone loses with throttled trade for no other reason than “I don’t like them!!” Transatlantic trade has been very beneficial for both sides of the pond for many many decades…