European Commission presented a list of items that can be affected by these new tariffs, which includes products such as diamonds, floss, sausages, walnuts and soy
A is preparing to implement 25% rates on United States products in response to the rates imposed by the president About aluminum and steel. During a meeting in Luxembourg, the EU ministers have decided that the priority will be to seek negotiations to eliminate these rates, although they are already elaborating retaliation measures. The European Commission has presented a list of items that can be affected by these new tariffs, which includes products such as diamonds, floss, sausages, nuts and soy. The plan is expected to be approved later this week and starts to apply from April 15, with most rates being applied by the end of May.
Japan Prime Minister Shigero Ishiba expressed his dissatisfaction with US tariff policies in a conversation with Trump, noting that high tariffs could discourage foreign investments. In response, Trump argued that his tariffs are intended to stimulate internal production in the United States. Leaders from various nations are trying to persuade Trump to review their tariff decisions as these measures may have an adverse effect on the global economy. Economics experts warn that total tariff implementation may result in a recession. To date, more than 50 countries have approached Trump to discuss the possibility of negotiations on these rates.
Posted by Sarah Paula
*Report produced with the aid of AI
