European Union, Trump
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EU, tariffs and Howard Lutnick
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Trading updates and corporate earnings from some of Europe’s auto giants show the extent to which Trump’s tariffs have started to take their toll.
April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.
TheJournal.ie on MSN4h
Government warns ‘deterioration in tariffs’ would result in ‘recalibration’ of €9.4b budget package
The Government warned that a ‘tit-for-tat escalation’ in tariffs between the EU and US would be ‘especially problematic for Ireland’.
The European Union is pushing to secure a trade deal with the U.S. ahead of President Donald Trump's Aug. 1 deadline.
The president's new tariffs on vehicles and auto parts have contributed to a slowdown in affordable car availability in the U.S., according to Cars.com.
3don MSN
‘30% is untenable’: From Irish whiskey to Italian cheese, Trump's tariff threat rattles EU exporters
European exporters say a 30% U.S. import tariff would drive prices unsustainably high and hammer their sales. While some manufacturers are shifting their supply chains stateside or elsewhere, not all businesses have the same flexibility — and can't easily replace the developed U.
The EU has reverted to offering the US tit-for-tat tariff reductions on cars, with negotiators abandoning the idea of a complex “netting mechanism” first proposed by German carmakers.
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