Donald Trump, European Union
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21hon MSN
President Donald Trump has announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1.
President Donald Trump expanded his tariff threats over the weekend, calling for 30% levies on two of America’s largest trading partners: the European Union and Mexico.
Stocks were mixed in early trading on Monday after President Donald Trump over the weekend issued 30% tariffs on the European Union and Mexico, rekindling tensions with two of the largest U.S. trade partners and threatening to raise consumer prices.
U.S. President Donald Trump said he believed Britain would fight to defend the United States but suggested he could not say the same for the European Union, a factor in his decision not to sign a trade deal with the bloc.
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Stocktwits on MSNEU Looks For ‘Crystal Ball’ To Predict Trump's Intentions As It Awaits Tariff Letter From White HouseThe European Union is awaiting clarity on the approach that President Donald Trump wants to take with respect to tariffs. According to a Reuters report, the EU is bracing for a tariff letter from the White House on Friday,
Shelving the plan could help EU persuade the U.S. to give it a more favorable trade deal and comes just two months after the Commission suggested it.
The European Union braced on Friday to receive a letter from U.S. President Donald Trump, outlining planned duties on his largest trade and investment partner after a broadening of his tariff war in recent days.
U.S. stock indexes are edging mostly lower following President Donald Trump’s latest updates to his tariffs, but Wall Street is hanging near its record amid speculation about whether the president may ultimately back down.