EU and US Trade Tensions Rise Over Proposed Tariffs
TL;DR Summary
The European Union is preparing a response plan as US trade negotiations with the EU stall over increasing tariffs and potential no-deal scenarios, with the EU considering retaliatory measures including tariffs and export controls if an agreement isn't reached before the August 1 deadline.
- EU to Prepare Retaliation Plan as US Trade Stance Seen to Harden Bloomberg.com
- S&P, Nasdaq end on subdued note after brief dip on latest Trump tariff rumbling Reuters
- Dow closes more than 100 points lower after report says Trump seeks at least 15% tariff on EU imports: Live updates CNBC
- EU warns that its trade with the US could be effectively wiped out if Trump follows through on his threat CNN
- Donald Trump pushes for 15%-20% minimum tariff on all EU goods Financial Times
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