European Union, Trump and Tariff
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Unlike the European Union, the Japanese government has made no indication it plans to impose any kind of reciprocal tariff on the U.S., even if the U.S. does move forward with its planned 25% tariffs on all Japanese exports.
European trade ministers are meeting in Brussels following U.S. President Donald Trump’s surprise announcement of 30% tariffs on the European Union.
If a 30 percent tariff on Mexico goes into affect on August 1, a wide variety of foods will be more expensive, experts warn.
US stocks are little changed as investors shrug off more tariff threats from Trump. Investors await inflation data and earnings for direction.
President Trump set a 50 day deadline for a ceasefire deal between Russia and Ukraine or else he will hit Russia with "severe" tariffs. Also, the U.S. is sending weapons to Ukraine through NATO. Politico Foreign Affairs Correspondent Eli Stokols and Puck Founding Partner Julia Ioffe join Katy Tur to react to Trump's change in tone on Russian President Putin.
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