Trump, Mexico and European Union
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A senior German politician said on Sunday the European Union and Washington could negotiate further and postpone higher import duties after U.S. President Donald Trump ramped up the trade war by threatening a hike in tariffs on the bloc.
President Trump announced on social media that he is levying 30% tariffs against Mexico and the European Union. They are set to begin on August 1.
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Stocktwits on MSNEU Looks For ‘Crystal Ball’ To Predict Trump's Intentions As It Awaits Tariff Letter From White HouseThe European Union is awaiting clarity on the approach that President Donald Trump wants to take with respect to tariffs. According to a Reuters report, the EU is bracing for a tariff letter from the White House on Friday,
U.S. President Donald Trump announced on Saturday a 30% tariff rate for goods imported from the European Union and Mexico, starting on August 1. The EU had initially hoped to reach a comprehensive trade agreement with the U.
Shelving the plan could help EU persuade the U.S. to give it a more favorable trade deal and comes just two months after the Commission suggested it.