Trump's tariffs won't push China and Europe
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Both China and the European Union may have a more strained relationship with the U.S. as President Donald Trump's tariff plans unfold.
From CNBC
The European Union will pause its first countermeasures against U.S. tariffs after President Donald Trump temporarily lowered the hefty duties he had just imposed on dozens of countries, European Com...
From Reuters
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Ursula von der Leyen is trying to ensure that if the international trading system is remade, the E.U. is at the center of what comes next.
President Donald Trump made a series of false claims in televised remarks Thursday at a meeting of his Cabinet, including inaccurate assertions about US relations with China, Japan and the European Union.
Though it offers a shorter link between China and Europe, it takes longer. More borders must be crossed. So must the Caspian Sea, where containers must be loaded onto ships, and optionally the Black Sea. Since the war in Ukraine, China has pushed for the route to be upgraded.
Several countries have issued or updated travel advisories for visiting the US. Canada warned its citizens to "expect scrutiny at ports of entry."
U.S. President Donald Trump is optimistic about reaching a trade deal with China, White House press secretary Karoline Leavitt said on Friday, amid an escalating trade war between the two economic giants that has battered markets.
It has been a choppy week for European and global markets as investors have been reacting to the frequent developments in global trade policy.