Reported about 8 hours ago
US President Donald Trump's recent decision to impose tariffs on European goods could significantly disrupt the world's largest trade relationship, which saw a trade value of 1.7 trillion euros in 2024. As tensions rise over trade imbalances and regulatory disagreements, the EU is prepared to retaliate, potentially affecting prices for consumers on both sides of the Atlantic. Economists warn that higher tariffs could lead to increased costs for American consumers and impact economic stability in both the US and EU.
Source: YAHOO