EU imposes new tariffs on US$23B in U.S. goods
Bloc responds to Trump’s steel and aluminum duties, urges negotiations to avoid further economic fallout
- By: The Associated Press
- April 9, 2025 April 9, 2025
- 10:44
Bloc responds to Trump’s steel and aluminum duties, urges negotiations to avoid further economic fallout
Tariff hikes, WTO suit and blacklisted U.S. firms mark latest retaliation in deepening U.S.-China trade standoff
Latest round of U.S. tariffs went into full effect at midnight Wednesday
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Powell said the tariffs are “significantly larger than expected” and that their inflationary effect could be "persistent”
Countries scramble to respond with countermeasures, negotiations and industry support amid sweeping U.S. trade restrictions
Biggest job decline since 2022 brought the unemployment rate for March to 6.7%
In a world where U.S. policy shifts like the wind, diversification is a must
In addition to a baseline 10% tariff on goods from most countries, about 60 nations will be subject to higher levies
Softer energy prices drive trend, as food, core inflation stable
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PM says he's working on a "framework" for auto producers to get relief from the countertariffs as Stellantis Windsor plant pauses production
Transport costs are a barrier to diversifying, while moving factories to the U.S. would add closure, labour costs