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   Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 23:40:12 JST Nonilex

   in reply to

   The 27-nation bloc faces 25% import #tariffs on #steel & #aluminium & #cars as well as the new broader tariffs of 20% for almost all other goods under #Trump's policy to hit countries he says impose high barriers to US imports.

   The #EU will put in place duties mostly of 25% on a range of #US imports from next Tues in response specifically to the US #metals tariffs. The bloc is still assessing how to respond to the car & broader levies.

   #economy #inflation #recession #trumpcession #geopolitics

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 23:40:13 JST Nonilex

     The #EU will launch its first countermeasures against #Trump's tariffs next week, the bloc's members agreed on Wed, joining #China & #Canada in retaliating & escalating a global #trade conflict.

     The approval came on the day that Trump's "reciprocal" tariffs on the EU & dozens of countries took effect, including massive 104% duties on China, extending his tariff onslaught & spurring more widespread selling across #markets.

     #economy #inflation #recession #geopolitics
     https://www.reuters.com/markets/europe/eu-start-retaliating-against-us-tariffs-tuesday-2025-04-09/

     Mr. Bill repeated this.