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    Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 23:40:13 JSTNonilexNonilex

    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/

    In conversationabout 10 days ago from masto.aipermalink

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