05:00
German Chancellor Merz to visit Trump next week
German Chancellor Friedrich Merz will travel to Washington next week to meet U.S. President Donald Trump.
Trump vows to take action in response to EU counter-tariffs
reuters
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
U.S. President Donald Trump has announced that the U.S. will respond to the European Union's counter-tariffs following the bloc's decision to impose retaliatory tariffs on American goods. The EU’s move came in response to U.S. steel and aluminum duties, which were introduced earlier as part of Trump’s trade policies aimed at protecting U.S. industries.
The European Union’s tariffs, which target a variety of U.S. products, have raised tensions between the two economic giants. Trump emphasized that the U.S. would take necessary actions to safeguard its interests, and stated that the situation could lead to further escalation if the EU did not back down.
The U.S. and EU have been engaged in a series of trade disputes over the past few years, with both sides imposing tariffs on each other's goods. This recent development signals that the trade tensions between the two are far from over, with both parties continuing to assert their positions on trade practices.
03:01
Trump to double steel tariffs to 50%
President Donald Trump announced that he will increase steel tariffs from 25% to 50%, a move that could push up costs for industries relying on steel, including housing and auto manufacturing.
02:15
Wall Street ends week mixed as Trump accuses China of trade deal breach
U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
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