EU Proposes 25% Tariffs on U.S. Goods in Retaliation
The European Commission has proposed 25% tariffs on a range of U.S. goods in response to President Trump’s steel and aluminum tariffs.
The tariffs will take effect in two phases, starting May 16 and December 1, and will target products including diamonds, dental floss, sausages, nuts, and soybeans
Items like bourbon, wine, and dairy—initially targeted—have been removed from the list. A proposed 50% bourbon tariff had led Trump to threaten a 200% counter-tariff on EU alcohol.
Source: Reuters
The European Commission has proposed 25% tariffs on a range of U.S. goods in response to President Trump’s steel and aluminum tariffs.
The tariffs will take effect in two phases, starting May 16 and December 1, and will target products including diamonds, dental floss, sausages, nuts, and soybeans
Items like bourbon, wine, and dairy—initially targeted—have been removed from the list. A proposed 50% bourbon tariff had led Trump to threaten a 200% counter-tariff on EU alcohol.
Source: Reuters
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Trump pulls the chair out for Netenyahu at the White House, again.
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BlackRock CEO Larry Fink:
Most CEOs I talk to would say we are probably in a recession right now.
Most CEOs I talk to would say we are probably in a recession right now.
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Trump:
I had a great discussion on Iran and trade with Netanyahu.
I had a great discussion on Iran and trade with Netanyahu.
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Netanyahu at the White House:
We will eliminate trade barriers with the U.S.
We will eliminate trade barriers with the U.S.
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Netenyahu at the White House:
We don’t want Syria to be used by Türkiye.
We don’t want Syria to be used by Türkiye.
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BREAKING: Trump:
We are having direct talks with Iran and they have started; they’ll continue on Saturday.
We are having direct talks with Iran and they have started; they’ll continue on Saturday.
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Netanyahu:
We do not want to clash with Türkiye in Syria.
Türkiye has a good relationship with President Trump.
We discussed how to prevent this conflict with Türkiye.
I believe there’s no better mediator than Trump.
We do not want to clash with Türkiye in Syria.
Türkiye has a good relationship with President Trump.
We discussed how to prevent this conflict with Türkiye.
I believe there’s no better mediator than Trump.
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Trump, asked about a pause in tariffs, says:
We are not looking at that.
We are not looking at that.
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Trump:
Tariffs could be permanent, and there could also be talks.
Tariffs could be permanent, and there could also be talks.
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Trump:
Gaza war will stop in the not-too-distant future.
Gaza war will stop in the not-too-distant future.
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Trump:
Trade with the European Union has to be fair and reciprocal.
EU will have to buy energy from us.
Trade with the European Union has to be fair and reciprocal.
EU will have to buy energy from us.
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Trump:
We provide Israel with $4 billion annually and will continue to do so.
We provide Israel with $4 billion annually and will continue to do so.
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Trump:
I don't understand why Israel previously abandoned the Gaza Strip.
Other countries are ready to accept Palestinians from the Gaza Strip to spare them the killing and misery they are facing.
I don't understand why Israel previously abandoned the Gaza Strip.
Other countries are ready to accept Palestinians from the Gaza Strip to spare them the killing and misery they are facing.
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Netanyahu:
Gaza is a closed, besieged place, and we are not the ones besieging it.
All we seek is to enable the residents of Gaza to have the option of leaving for other countries.
Gaza is a closed, besieged place, and we are not the ones besieging it.
All we seek is to enable the residents of Gaza to have the option of leaving for other countries.
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Trump:
We’re not talking about tariffs on Russia because we’re not doing business with them.
We’re not talking about tariffs on Russia because we’re not doing business with them.
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Trump:
If talks with Iran aren’t successful, I think Iran will be in great danger.
If talks with Iran aren’t successful, I think Iran will be in great danger.
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