EU, Trump and tariffs
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12hon MSN
Trump has tariffs. Europe has a ‘trade bazooka.’ This Greenland standoff could get ugly, fast
President Donald Trump threatened Saturday to impose new 10% tariffs on imports from several European countries. It could unravel months of progress made during trade negotiations settled after Trump’s trade war last year.
Trump wrote on Truth Social Saturday that the U.S. would implement a 10 percent tariff on goods from eight European countries amid a clash about Greenland's sovereignty.
Gold and silver hit record highs on Monday while equity markets fell after Donald Trump revived trade war fears by threatening several European nations with tariffs over their opposition to the United States buying Greenland.