Trump, tariffs
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This lawsuit in court this week could throw a wrench in Trump's trade policy. Here's what to know.
The Trump administration's trade policy faces a critical test this week as a federal court weighs the legality of its sweeping tariffs.
The United States and the European Union agreed on a framework trade deal to end months of uncertainty for industries and consumers.
Tariffs, including the 15% rate for most imports from the EU, would raise consumer prices by 1.8% in the short run, according to the Yale Budget Lab.
A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.
The U.S. Secret Service made an announcement regarding President Trump's golf career on Monday. President Trump, 79, played a couple of rounds of golf over the weekend. The President of the United States was in Scotland, working on a deal with the European Union. President Trump played 18 holes of ...
The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.
Some European politicians are dismayed that the European Union did not drive a harder bargain, but facing the threat of a damaging trade war, officials say they had little choice.
Balancing economic interests and security concerns, European officials said they got the best deal possible with Trump, but critics said Brussels ceded to pressure.
The deal, announced Sunday by President Trump and European Commission President Ursula von der Leyen, imposes a 15% U.S. tariff on most EU imports, while American goods exported to the union's 27 member countries will face no tariffs. Previously, U.S. exports to the EU faced an average tariff of roughly 1%, according to Goldman Sachs analysts.
The European Union’s trade agreement with the Trump administration is getting mixed reviews. Failing to reach a deal by the Aug. 1 deadline would have meant a 30% tariff threatened by U.S. President Donald Trump,
European Commission President Ursula von der Leyen said Sunday that a framework deal imposing 15% tariffs on EU goods imported to the U.S. did not contain any decision regarding the wine and spirits industry, adding that an agreement for the sector would be examined in the coming weeks.
U.S. President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, U.S. Commerce chief Howard Lutnick said on Tuesday ahead of Trump's self-imposed Aug.
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