The Irish Independent’s View: As Donald Trump lays siege to the global economy, EU prepares to fight fire with fire

The Irish Independent’s View: As Donald Trump lays siege to the global economy, EU prepares to fight fire with fire

Now we know Donald Trump has opted for the spurned divorcee’s “don’t get mad, get everything” line of attack, the EU can ill afford to stick with a “resistance is futile” line indefinitely.

Why Donald Trump has long-hated the EU... and now he's making them pay...

It has been called 'Liberation Day' for America - but for the rest of the world, global leaders stood with their breath held at the impact on the global economy.Across the EU, reactions flooded in fast to the news Trump would install 20% tariffs on the EU and 25% on all foreign-made cars. Ursula Von Der Leyen hit out at the moves which she said would be 'have consequences for the world.'Donald Trump's relationship with the European Union (EU) ha…

Donald Trump is swinging the customs hammer: In the future, at least ten percent surcharge will be due on all imports into the US - but depending on the country of origin, it can also be significantly more. He makes big promises to the US Americans. A trade war with the European Union seems to be imminent.

The consequences of the 31% customs duty on exports to the American market will not significantly affect the economy of the Republic of Moldova, since trade with the US represents 3% of total exports. Economic expert Mihaela Sirițanu explained to Moldova 1 that a greater impact will be had by the trade war between the US and the European Union (EU), our main trading partner, to which exports represent 65%. The increase in prices for European pro…

16:43 The United States is imposing a 20 percent import duty on European products because the European Union itself is said to be imposing a 39 percent tariff on products from the US. But that last point is not true...

On Wednesday, US President Donald Trump announced fines of 20 percent on exports from the EU. Trump wants to respond to "unfair" trading practices with counter-tariffs – a step that causes global market unrest.