Trump, Europe and tariff
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Trump, Xi Jinping and White House
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By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -Salzgitter, Germany's second-biggest steelmaker, warned on Monday that Washington's tariff policy was dealing a severe blow to European industry,
The Trump administration wants countries to provide their best offer on trade negotiations by June 4 as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners viewed by Reuters.
The European Union said it is preparing “countermeasures” against the U.S. following President Donald Trump’s unexpected announcement that he would increase his tariffs on steel. EU Commission President Ursula von der Leyen and Trump last week agreed to “rapidly” begin on a trade deal.
European shares retreated on Monday after rounding off monthly gains in May, as U.S. President Donald Trump's new tariff plans threatened to rekindle global trade tensions. The continent-wide STOXX 600 was down 0.
The dramatic shift has bewildered European officials, who note that the Trump administration itself has been accused of breaching democratic norms.
The right-wing Law and Justice party’s faith in Karol Nawrocki, a conservative historian and former boxer with little political experience, proved well-placed in this week’s Polish presidential elections.
European shares opened lower on Monday, after rounding off monthly gains in May, as U.S. President Donald Trump's new tariff plans threatened to rekindle global trade tensions. The continent-wide STOXX 600 was down 0.
The U.K. has been reassessing its defense spending since Russia's full-scale invasion of Ukraine in February 2022.
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