Trump, European Union and tariffs
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U.S. Commerce Secretary Howard Lutnick downplayed the impact of legal uncertainty around U.S. tariffs on negotiations with the European Union during an interview on Sunday, saying talks were ongoing.
Stock market today: Dow, S&P 500, Nasdaq soar as Trump pauses EU tariff hikes for fast-tracked talks
The EU on Monday agreed to speed up tariff talks with the US, easing concerns about a trans-Atlantic trade war. The move followed Trump’s announcement on Sunday that the US woul
It came a day after a previous ruling temporarily blocked many of the administration's sweeping trade tariffs.
Trump's announcement comes days after he threatened the EU with a 50% tariff after having paused reciprocal tariffs on it and other nations in April.
Donald Trump's wide-ranging taxes on imports were briefly halted by a trade court this week before being allowed to continue, setting up a bigger legal showdown soon.
The "Make America Great Again" roadshow arrived in Europe this week with events in two nations where American conservatives see prime opportunities.
The White House called for the Supreme Court to overturn judicial rulings blocking most of the tariffs Trump has imposed to negotiate trade agreements.
For months, President Donald Trump has boasted that his most sweeping tariffs amount to powerful leverage to win trade concessions from Beijing to Brussels.