Trump’s Tariffs Threaten Phenomenal EU Trade Deal

Former President Donald Trump's proposed tariffs are causing ripples across the global economy, threatening a recently signed trade deal between the European Union and the United States. According to Axios, Trump's tariff plans have led to a significant drop in the stock market, as investors fear the potential disruption to international trade.

The New York Times opines that these tariffs could lead to a stronger dollar, impacting global currency markets. The BBC reports that the EU trade deal, hailed as a phenomenal achievement, is now at risk due to Trump's aggressive trade policies. Bloomberg's opinion piece further criticizes the tariffs, stating that they could 'smash' the hard-fought EU trade agreement.

Economists and policymakers are closely watching the situation, as the stability of international trade relations hangs in the balance. The potential fallout from Trump's tariffs could have far-reaching consequences for both the U.S. and global economies.

• Donald Trump
• European Union
• Stock Market
• United States

Detailed

Behind the Curtain: Trump's dark opening to Golden Age

10 hours ago

- axios

Stock Market Today: Dow, S&P 500 Swing Wildly; Trump Threatens More China Tariffs — Live Updates

6 hours ago

- wsj

Here’s one key thing you should know about Trump’s shock to the world economy: it could work | James Meadway

7 hours ago

- theguardian

Opinion | There’s a Method to Trump’s Tariff Madness

13 hours ago

- nytimes

Global stocks and U.S. futures plunge as Trump tariffs reverberate across the world

10 hours ago

- nbcnews

Related issues news

What is the US futures market?

Futures for the Russell 2000, which tracks the stocks of smaller companies, were off 2.1%. Futures markets, which are a way for traders to move stocks when the major exchanges are closed, are an implied measure for how stocks will act when markets open at 9:30 a.m. ET weekdays.

What is anti-Trump?

The Never Trump movement (also called the #nevertrump, Stop Trump, anti-Trump, or Dump Trump movement) is a conservative political movement that opposes Trumpism and U.S. president Donald Trump, and in general supports a return to a more rules-based internationalist, norm-following, ideologically conservative-oriented ...

What is Trump?

Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021. Donald Trump.

How are tariffs good?

For decades, Trump has argued that the US should use tariffs to boost its economy. He says they will encourage US consumers to buy more American-made goods, increase the amount of tax raised and lead to huge levels of investment in the country.