Browsed by
Tag: US-EU Trade

Trump-Era Pharmaceutical Tariff Exemptions for EU, Japan Recalled

Trump-Era Pharmaceutical Tariff Exemptions for EU, Japan Recalled

Trump-Era Pharmaceutical Tariff Exemptions for EU, Japan Recalled During his presidency, Donald Trump’s administration established new tariffs on pharmaceutical imports, though these duties were not uniformly applied across all nations. Countries with pre-existing trade agreements with the United States that included specific drug provisions, such as the European Union and Japan, were granted exemptions or reduced rates. White House officials at the time confirmed that duties on pharmaceuticals from the EU would be capped at 15% under their framework deal,…

Read More Read More

Wall Street Futures Rise as US-EU Trade Deal Ignites Busy Market Week

Wall Street Futures Rise as US-EU Trade Deal Ignites Busy Market Week

Wall Street Futures Rise as US-EU Trade Deal Ignites Busy Market Week U.S. equity futures climbed on Monday morning, signaling a positive start to an exceptionally busy week for financial markets. The uplift follows President Donald Trump’s Sunday announcement of a new agreement with the European Union to lower tariffs to 15%, easing previous threats of higher duties. This week is poised to be pivotal, with investors bracing for a flurry of critical economic events. The Federal Reserve’s two-day policy…

Read More Read More

Trump Imposes Sweeping 30% Tariffs on EU, Mexico Starting August 1, Escalating Global Trade Tensions

Trump Imposes Sweeping 30% Tariffs on EU, Mexico Starting August 1, Escalating Global Trade Tensions

Trump Imposes Sweeping 30% Tariffs on EU, Mexico Starting August 1, Escalating Global Trade Tensions President Donald Trump has announced the imposition of 30% tariffs on goods from the European Union and Mexico, effective August 1. This significant move, communicated via letters posted on his social media, marks a major escalation in global trade policy and aligns with his administration’s stated goal of rebalancing international commerce. The tariffs are a cornerstone of Trump’s economic agenda, which he claims will revitalize…

Read More Read More

US-EU Trade Standoff: Billions at Risk as Tariff Deadline Looms

US-EU Trade Standoff: Billions at Risk as Tariff Deadline Looms

US-EU Trade Standoff: Billions at Risk as Tariff Deadline Looms As of Sunday, July 6, the global economy is holding its breath as the United States and the European Union approach a critical deadline regarding potential new tariffs. US President Donald Trump is expected to announce a decision on Monday, July 7, with a final deadline for negotiations set for Wednesday, July 9. Economists and businesses on both sides of the Atlantic warn of severe repercussions if a resolution isn’t…

Read More Read More

US Threatens EU with Major 17% Tariff on Food Exports Amid Rising Trade Tensions

US Threatens EU with Major 17% Tariff on Food Exports Amid Rising Trade Tensions

US Threatens EU with Major 17% Tariff on Food Exports Amid Rising Trade Tensions The United States has delivered a significant warning to the European Union, threatening to impose a substantial 17% tariff on food exports originating from the bloc. This latest development marks a sharp escalation in ongoing trade disputes between the two major economic powers. The proposed tariff, if implemented, could have far-reaching consequences for transatlantic commerce, potentially impacting consumer prices and agricultural industries on both sides. While…

Read More Read More

US-EU Trade Deal at Brink: Tariffs Loom as July 9 Deadline Nears

US-EU Trade Deal at Brink: Tariffs Loom as July 9 Deadline Nears

US-EU Trade Deal at Brink: Tariffs Loom as July 9 Deadline Nears With just five days remaining until a critical July 9 deadline, the United States and the European Union are locked in intense negotiations to avert a potential trade war. Failure to reach an agreement could trigger the full implementation of U.S. President Donald Trump‘s ‘reciprocal tariffs,’ potentially hitting EU goods imported into the U.S. with duties as high as 50%. The looming deadline follows a 90-day reprieve on…

Read More Read More