The European Union proposed a “zero-for-zero” tariff resolution to the Trump administration to remove recent 20% import levies on industrial goods. European Commission President Ursula von der Leyen expressed readiness for a deal and negotiation with the US, but warned of potential countermeasures.
- Targeted goods include chemicals, pharmaceuticals, rubber, plastic machinery, and cars.
- Retaliation for existing 25% tariffs on steel and aluminum remains possible.
Global stocks have fallen since the announcement of Trump’s tariffs, including a 10% global baseline and a 25% tariff on foreign-made cars.
Tags #Politics, #Government, #Elections
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