U.S.-EU Trade War Escalates as Tariff Threats Intensify

With the EU planning retaliatory tariffs and Donald Trump standing firm on steel and aluminum duties, negotiations face a critical 15-day deadline.

• The EU has announced retaliatory tariffs on 1,700 U.S. goods, including bourbon, motorcycles, and boats, with some items facing up to 50% tariffs starting April 1.
• Donald Trump has threatened 200% tariffs on European wines and champagne if the EU does not withdraw its proposed measures on bourbon.
• French Prime Minister François Bayrou criticized the EU's tariff strategy, calling it outdated and potentially more harmful to European exporters than the U.S.
• The OECD warns that the escalating trade war could slow global economic growth and heighten inflationary pressures worldwide.
• Negotiations between the U.S. and the EU are ongoing, with a 15-day window to de-escalate the conflict, but no resolution has been reached yet.

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