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Date: 07-apr-2025
In a strong signal of economic defiance, the European Union (EU) has begun preparing retaliatory measures against the sweeping new tariffs imposed by U.S. President Donald Trump. The EU’s initial plan targets up to $28 billion worth of American exports, escalating tensions in the transatlantic trade relationship.
According to officials in Brussels, the retaliatory package includes a proposed 25% tariff on U.S. steel, aluminum, and automobile imports. An additional 20% duty on a wide range of other goods is also expected to come into effect starting Wednesday, unless a negotiated resolution is reached.
This move follows the U.S. announcement of a universal 10% import tariff, with extra levies applied selectively to countries like China, India, Japan, and EU members.
The EU’s approach is designed to both maintain internal unity among its 27 member states and apply diplomatic pressure on Washington to reconsider its aggressive trade stance. EU officials have emphasized that any measures will be “proportionate, targeted, and in full compliance with WTO regulations.”
“We do not seek escalation, but we are prepared to defend European industry and workers,” said an EU Commission spokesperson during a press briefing on Monday.
The EU’s retaliation is likely to further disrupt international markets, adding uncertainty to global supply chains already strained by inflation and post-pandemic recovery. Analysts warn that a prolonged dispute between two of the world’s largest trading blocs could slow global economic momentum in 2025–2026.
Despite rising tensions, EU leaders have left the door open for diplomacy. Backchannel discussions are reportedly underway to establish a framework for mutual tariff reductions or exemptions.
For now, however, the EU is signaling it will not remain passive as its industries face targeted import penalties from the U.S. All eyes are now on the upcoming trade talks — and whether they can de-escalate the growing economic standoff.
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Date: 06-Apr-2025
The Bank of Japan has reduced its super-long bond purchases for the first time since its tapering program began, signaling a step away from its long-standing monetary stimulus strategy.
Date: 07-Apr-2025
The Bank of Japan has reduced its super-long bond purchases for the first time since its tapering program began, signaling a step away from its long-standing monetary stimulus strategy.
