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Markets Insider |
European and Asian markets fell on Monday ahead of President Donald Trump's tariffs taking effect.
U.S. News & World Report |
President Donald Trump says Wednesday will be “Liberation Day" — a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods.
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Axios on MSNWhy Trump is taking aim at Europe's sales taxAt the heart of President Trump's latest round of tariffs is expected to be a double-digit tax on European imports, ostensibly justified by the existence of Europe's value-added tax (VAT), the continent's version of a sales tax.
World share markets were in a tailspin on Monday after U.S. President Donald Trump said tariffs would essentially cover all countries, stoking worries a global trade war could lead to recession.
European shares hit a two-month low in early trade on Monday, as cautious investors fled risky bets after U.S. President Donald Trump said that tariffs would target all countries, fuelling fears of a global economic slowdown.
The likely implementation of tariffs imposed by the United States on April 2 should mark the beginning of a march towards independence for Europe, European Central Bank (ECB) head Christine Lagarde said on Monday.
The levies could hurt European automakers when the industry is already struggling, especially in Germany, Europe’s biggest economy.
Wine and spirits can be markers of national and regional identity — which could make a coming trade fight between the U.S. and Europe much more emotional.
Each new crisis, whether over Ukraine or tariffs, has made the Italian prime minister’s balancing act that much harder.
Growers were already struggling from France to Italy when the US president threatened a 200% levy on the region's wine. Now, shipments have ground to a halt and producers don't even know how to price their bottles.