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The EU has launched its first tariffs against the U.S., targeting over €20 billion in goods in response to President Trump’s trade policies. Items affected include soybeans, motorcycles, and beauty products.
Experts caution that U.S. ‘reciprocal tariffs’ may harm its own economy, raising prices and burdens for citizens and businesses, potentially backfiring on intended goals.
US trade groups express concern over proposed tariffs on China-made ships, fearing economic repercussions across multiple industries.
EU to impose $28 billion in tariffs on U.S. goods next month in response to U.S. steel and aluminum tariffs.
President Trump has signed a plan to impose ‘reciprocal’ tariffs on trading partners, aiming to match the tariffs they impose on U.S. goods.
The U.S. is escalating its use of tariffs, but could this strategy backfire? Explore the global impact of U.S. tariffs and the truths behind protectionism.