Donald Trump is getting ready to impose sweeping and immediate tariffs on all foreign goods, thereby unleashing a trade war and upending the multilateral trading system that the US helped to build after the second world war. The bourbon and blue jeans plan Imposing levies on emblematic US goods is the tried and tested European response to Trump tariffs. In theory, the EU could levy more tariffs over these plans, as well as the latest “liberation day” duties. The long-range economic strike The scale of Trump’s tariffs, which could return US duties to levels not seen since the 19th century, is intensifying calls to retaliate against US services. Make new friends Trump’s return to the White House has accelerated EU efforts to strike new trade deals and deepen existing ties with the rest of the world.

Source: The Guardian April 02, 2025 19:31 UTC