Trump Changes Strategy in Trade War. EU May Feel Relief
President Trump announced tariffs on goods from the European Union. These tariffs are between 10% and 12.5%. This action could give the EU some temporary help.
The United States is taking issue with the EU's trade policies. The White House is investigating the EU's actions. They are using threats to try and change the EU’s approach. This could lead to more problems between the US and the EU. Some products are not affected by the tariffs. Forty-six-five products will be excluded from the tariffs.
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Highlights
Trump Announces Tariffs on EU Goods
President Trump announced tariffs of 10% to 12.5% on goods from the EU.
EU May Feel Relief
The EU may experience temporary relief from this new strategy.
Trump's New Trade Strategy
Trump is using investigations, grievances, and threats against the EU.
Threats to Trade Disputes
This strategy could lead to increased tensions between the US and EU.
Exemptions for Products
465 products are exempt from the new tariffs.