Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Donald Trump threatens to impose 25% tariffs on EU items

by Index Investing News
February 26, 2025
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Unlock the White Home Watch e-newsletter without spending a dime

Your information to what the 2024 US election means for Washington and the world

Donald Trump has threatened to slap 25 per cent tariffs on imports from the EU, as he lashed out on the bloc, saying it “was shaped to screw america”.

The remarks got here throughout the first cupboard assembly of Trump’s second time period on Wednesday, which featured an look by Elon Musk, the billionaire whom the US president has charged with slashing authorities spending.

“We’ve got decided and we’ll be saying it very quickly,” Trump stated when questioned about his plans for EU tariffs. “It’ll be 25 per cent usually talking, and that shall be on vehicles and all different issues.”

Trump’s feedback increase the prospect of a broad transatlantic commerce battle that might harm each the US and European economies and inflict better harm on frayed diplomatic ties among the many western allies.

On Wednesday night, the European Fee appeared to threaten retaliation if Trump imposed the tariffs, saying the EU would “react firmly and instantly towards unjustified limitations to free and truthful commerce”.

Trump is individually making ready to implement 25 per cent tariffs on America’s neighbours Canada and Mexico because the White Home tries to rein in undocumented immigration and fentanyl trafficking throughout its borders.

Regardless of Trump’s guarantees to impose tariffs on these two international locations in addition to China from day one in every of his second time period, solely measures towards Beijing have taken impact.

Throughout his first time period, the president additionally threatened a number of tariffs that didn’t materialise.

On Wednesday, Trump stated the levies on Canada and Mexico would take impact on April 2, suggesting a potential delay within the tariffs, which have been scheduled to be imposed subsequent week.

However as Trump spoke, Howard Lutnick, the commerce secretary, intervened to notice that America’s neighbours nonetheless needed to fulfill the president’s calls for on fentanyl, suggesting the levies would possibly nonetheless take impact subsequent week.

“It’s going to be arduous to fulfill,” Trump stated after Lutnick jumped into the dialogue.

Trump’s broadside towards the EU comes simply two days after he hosted Emmanuel Macron, the French president, on the White Home for a gathering that included a dialogue about commerce along with the peace talks in Ukraine.

Sir Keir Starmer, prime minister of the UK, which has left the EU, will meet Trump in Washington on Thursday.

The president didn’t supply any new particulars of his proposed tariffs on the EU, together with what authority he would use, however renewed his fierce assaults on the bloc for what he has lengthy perceived as an unbalanced financial relationship.

“They’ve actually taken benefit of us differently. They don’t settle for our vehicles. They don’t settle for basically our farm merchandise, they use all types of explanation why not,” he stated.

“Let’s be sincere, the European Union was shaped to be able to screw america. That’s the aim of it. And so they’ve achieved an excellent job of it.”

The formation of the bloc was inspired by Washington within the aftermath of the second world battle to deepen financial integration and make battle much less probably.

The euro fell barely following Trump’s feedback, buying and selling 0.2 per cent decrease towards the greenback at $1.049.

Advisable

Auto teams, which might be closely affected by the proposed tariffs on US imports from Canada and Mexico in addition to the EU, have warned that car demand shall be harm as shoppers are pressured to pay greater costs if a 25 per cent tariff on imported vehicles is imposed. 

“Shoppers will be unable to soak up the rise in car costs and volumes will decline,” stated a chief government of an enormous European auto components provider. “The trade is already in a fragile place and this large uncertainty is already slowing down offers, investments and allocation of capital.” 

Throughout Wednesday’s cupboard assembly, Musk defended his efforts to chop federal authorities spending, saying that “America will go bankrupt” with out his staff’s interventions.



Source link

Tags: DonaldgoodsimposetariffsthreatensTrump
ShareTweetShareShare
Previous Post

The TJX Corporations, Inc. (TJX) This fall 2025 Earnings Name Transcript

Next Post

Trump plan to freeze funding stymies Biden-era vitality rebates for shoppers

Related Posts

SoftBank’s Masayoshi Son floats thought of US-Japan sovereign wealth fund

SoftBank’s Masayoshi Son floats thought of US-Japan sovereign wealth fund

by Index Investing News
May 25, 2025
0

Unlock the White Home Watch e-newsletter without costYour information to what Trump’s second time period means for Washington, enterprise and...

Donald Trump makes dangerous guess by rekindling his commerce conflict with the EU

Donald Trump makes dangerous guess by rekindling his commerce conflict with the EU

by Index Investing News
May 24, 2025
0

Donald Trump likes to make offers. And he could also be calculating that his sudden escalation of tariffs on the...

The Fed’s not making a revenue

The Fed’s not making a revenue

by Index Investing News
May 24, 2025
0

Unlock the Editor’s Digest free of chargeRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication.The...

Trump’s subsequent 100 days

Trump’s subsequent 100 days

by Index Investing News
May 24, 2025
0

This week, Swamp Notes goes to London for a dwell recording. Katie Martin, host of the Unhedged podcast, and Chris...

Greenback notches greatest weekly drop since tariffs sell-off over US debt fears

Greenback notches greatest weekly drop since tariffs sell-off over US debt fears

by Index Investing News
May 24, 2025
0

Unlock the Editor’s Digest totally freeRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter.Investor jitters...

Next Post
Trump plan to freeze funding stymies Biden-era vitality rebates for shoppers

Trump plan to freeze funding stymies Biden-era vitality rebates for shoppers

DOGE Takes Purpose at Part 8—Will Vouchers Lose Funding?

DOGE Takes Purpose at Part 8—Will Vouchers Lose Funding?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Explosion of Gang Violence Grips El Salvador, Setting Document

Explosion of Gang Violence Grips El Salvador, Setting Document

March 28, 2022
Enjin Coin Price Prediction for Today, February 11 – ENJ Technical Analysis

Enjin Coin Price Prediction for Today, February 11 – ENJ Technical Analysis

February 12, 2024
‘The Color Purple’s Danielle Brooks On Oscar Nomination & ‘Minecraft’ – Deadline

‘The Color Purple’s Danielle Brooks On Oscar Nomination & ‘Minecraft’ – Deadline

January 23, 2024
VW May Reduce Up To 30,000 Staff In Germany – FREEDOMBUNKER

VW May Reduce Up To 30,000 Staff In Germany – FREEDOMBUNKER

September 23, 2024
Properties That Bought for Round 0,000

Properties That Bought for Round $750,000

June 26, 2022
Vendor Financing, A Higher “BRRRR”, & Do You Want an LLC?

Vendor Financing, A Higher “BRRRR”, & Do You Want an LLC?

December 16, 2024
Julia Fox Reacts to Backlash Surrounding Her Nearly Naked NYFW Look: ‘It’s Just My Body’ (Exclusive)

Julia Fox Reacts to Backlash Surrounding Her Nearly Naked NYFW Look: ‘It’s Just My Body’ (Exclusive)

September 7, 2023
How Can Family Offices Leverage Artificial Intelligence? Four Applications

How Can Family Offices Leverage Artificial Intelligence? Four Applications

October 24, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In