Europe to Slow Pace of Tariff Retaliation
The European Union is dialing back the pace of its planned retaliation against U.S. steel and aluminum tariffs, a senior official said Thursday. The move comes after U.S. Treasury Secretary Scott Bessent warned trading partners might risk still higher levies if they retaliate.
Stocks continue to fall sharply dison worries Trump has ignited a trade war that will lead to higher prices and recession.
"We have to hit Republican states and we have to hit Donald Trump's friends," a top European official told his colleagues.
Daily Wrap on MSN4h
EU ministers unite for strategy on Trump's tariff challenge: "We are still trying to understand the exact calculations and ideas behind the so-called retaliatory tariffs"Trade ministers from EU countries met at an extraordinary meeting in Luxembourg to discuss the EU's strategy regarding ...
The president said he would not quickly reverse last week’s steep tariffs, which have sparked pushback and roiled markets.
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