Trump’s Surprise EU Tariffs Trigger Market Slump, FEMA Denies North Carolina Hurricane Aid
Trump’s Surprise EU Tariffs Trigger Market Slump, FEMA Denies North Carolina Hurricane Aid President Donald J. Trump sparked global economic uncertainty yesterday with an abrupt announcement of a 50% tariff on European Union goods, effective June 1. The President also threatened a 25% tariff on Apple products unless manufacturing shifts to the U.S. These declarations, made without prior negotiation, led to immediate declines in major European and U.S. stock market indexes. The White House quickly attempted to mitigate the fallout,…