EU Countries Back First Countermeasures To U.S. Tariffs From April 15
EU countries back first countermeasures to U.S. tariffs from April 15BRUSSELS, April 9 - The European Commission said on Wednesday it had secured backing from EU countries and would press ahead with a first set of countermeasures from April 15 against U.S. President Donald Trump's tariffs on steel and aluminium.The European Union is set to impose extra duties mostly of 25% on a range of U.S. imports in response specifically to the U.S. metals tariffs. It is still assessing how to respond to the car and broader levies.
China Trade Escalation Unfortunate, Loss For Them, US Treasury Secretary Says
China trade escalation unfortunate, loss for them, US Treasury secretary saysWASHINGTON, April 9 - China's move to impose 84% retaliatory tariffs against the United States is unfortunate and a losing proposition for Beijing, U.S. Treasury Secretary Scott Bessent said on Wednesday."I think it's unfortunate that the Chinese actually don't want to come and negotiate, because they are the worst offenders in the international trading system," Bessent said in an interview with Fox Business Network.
U.S. Chamber of Commerce Is Considering Suing the Trump Administration to Halt Global Tariff Assault
The largest lobbying force for corporate America is considering suing the Trump administration to block the implementation of the president’s new tariffs set to go into effect Wednesday, two sources w
China to Impose Tariffs of 34% on All US Goods from April 10
China to Impose 34% Tariff on All U.S. Imports Starting From April 10, 12:01 pm. US Stock Index Futures Extend Losses After China to Impose Additional 34% Tariffs of on U.S. Goods.U.S. S&P 500 E-Minis Down 1.52%, Nasdaq 100 E-Minis Down 1.56%, Dow E-Minis Down 1.66%.Big tech stocks sank in premarket trading. Tesla fell 4%; Apple fell 3%; Nvidia fell 2%.