Trump's 30% tariff threat would 'practically prohibit' trade
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President Donald Trump threw months of EU-US talks into disarray at the weekend by threatening a 30-percent levy on European goods from 1 August if the transatlantic allies don't strike a deal.
BRUSSELS, July 15 (Reuters) - The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model.
For more than 200 years, the São José Paquete d’Africa lay hidden off Cape Town’s shore. Its excavation in 2014 uncovered a tragic story of enslavement and commerce from the time of the trans-Atlantic slave trade.
German Finance Minister Lars Klingbeil warns the EU to act firmly if tariff negotiations with the US fail. Amid escalating trade tensions, President Trump's proposed tariffs on EU imports intensify. EU favors negotiation but is ready for countermeasures.
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inews.co.uk on MSNTrump has set the stage for a colossal trade war - and it could spiral out of controlThe President also threatened reciprocal tariffs on any countermeasures from the EU - the consequences could not be greater
The European Union and South Korea said on Monday they were working on trade deals with U.S. President Donald Trump that would soften the blow from looming tariffs as Washington threatens to impose hefty duties from August 1.