European Union Slaps 25% Tariffs On United States In Retaliation
Source: Meidas Touch
The European Commission has announced a new wave of counter-tariffs in retaliation to the United States' escalating protectionist measures under President Donald Trump. A document obtained by Reuters reveals that Europe will impose 25% tariffs on a broad range of American goods, with the first wave set to take effect on May 16, and a second round scheduled for December 1.
The move is a direct response to the Trump administration's earlier decision to slap 25% tariffs on imported steel and aluminum—policies that have already begun to ripple across global markets and strain diplomatic ties.
In a dramatic development, Donald Trump declared all talks with China "terminated" unless tariffs are fully repealed, signaling a hardening stance on trade and a potential derailment of already-stalled negotiations with Beijing.
Meanwhile, American consumers could soon feel the pinch at the dealership. A fresh analysis from Cox Automotive warns that both imported and domestically manufactured vehicles will see steep price hikes, as the administration’s 25% tariffs on auto imports—and soon, auto parts—take hold.
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