EU Waits to Respond to New Trump Tariffs Until Call with US

US President Donald Trump has again raised the fear of trade war by imposing a new tariff of 50 percent on the European Union. After this new tariff imposed on the EU, the fear of trade war has once again deepened across the world and there has been a huge decline in the global market as well.

EU waits to respond to new Trump tariffs until call with US

BRUSSELS (ANP/RTR) – The American president unexpectedly announced on Friday import tariffs of 50 percent on European products. The EU and the US were negotiating overall import tariffs, which had been reduced from 20 to 10 percent for three months. The Commission also announced a ninety-day pause for a list of American products that would be subject to import duties. The pause would last until July 14, and it is still unclear whether it is stil…

As expected, Trump steps down.