After Trump’s Pause on Tariffs, EU Delays Retaliation to Allow Talks
The bloc had voted to impose retaliatory measures just before President Trump made his last-minute U-turn. It has now announced a postponement.
The bloc had voted to impose retaliatory measures just before President Trump made his last-minute U-turn. It has now announced a postponement.
If sky-high U.S. tariffs hurt China’s exports, domestic spending will help make up for it, Beijing says. But shoppers were skittish even before the trade war.
The tariffs were slated to take effect starting on April 15, and to hit back at President Trump’s steel and aluminum levies.
Legions of ordinary Indians have gone into stock trading, lured by easy online access and a market boom. Now many of them are getting a rude shock.
Europe wants to negotiate, but it is also trying to project strength. As Trump warns nations against retaliation, that strategy could be perilous.
China sees little to gain in capitulating to President Trump’s tariff threats, labeling them “blackmail” and vowing to “fight to the end.”
Ms. Truss, Britain’s prime minister for 44 days, was forced out after her radical policies caused a market meltdown. But there are some key differences with President Trump.
European Union officials will vet and vote on a list of retaliatory tariffs this week, while contemplating what comes next.
Faced with economic disruption, Beijing is presenting itself as too powerful to succumb to U.S. pressure. It is also censoring criticism at home.
In recent years Vietnam has forged strategic and economic links with the United States, its former foe, making the steep tariff rate all the more of a shock.