The president said he would impose the levies if the European Union did not walk back plans to place retaliatory tariffs on whiskey and other U.S. products.
Europe had been banking on a United States that wanted to make a deal on tariffs and trade. With little progress in that direction, it’s reluctantly starting to hit back.
President Trump at a business round table in Washington, this week. After American tariffs on steel and aluminum kicked in on Wednesday, Europe announced a sweeping package of retaliatory tariffs.
President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.
President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.
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