Reported 1 day ago
As the Trump administration pushes its new tariff policy, which includes a broad 10% tariff on imports from various countries and a 20% tariff on European goods, EU officials are preparing retaliatory measures. This development has led markets to brace for volatility, with U.S. Treasury and Commerce officials advocating for the tariffs as necessary for recalibrating global trade. Various countries, including China and Canada, are also responding with their own tariffs, raising concerns about a potential global trade war. The situation is evolving rapidly as stakeholders assess the implications for international trade and economic stability.
Source: YAHOO