Global Trade Tensions Escalate as Major Economies Respond to Trump Tariffs
The European Union is striving for unity in countering the tariffs imposed by former President Trump, which have affected international trade relationships. As negotiations unfold, various U.S. trading partners, including China and Canada, are implementing retaliatory measures, with China imposing a 34% tax on all U.S. imports. The EU is considering a $28 billion tariff on U.S. products, targeting industries such as Big Tech. French President Macron has urged European businesses to reconsider investments in the U.S. amid growing global backlash against these tariffs. Meanwhile, a significant majority of Europeans support retaliatory tariffs, reflecting widespread discontent. Leaders across the globe have voiced criticism of the tariffs, warning they could ignite a more extensive trade war affecting economies worldwide.
Reuters, CNN, AP News, BBC, The New York Times, NBC News, France 24, politico.eu, WSJ, Financial Times