Related News

Sinn Fein will not attend White House for St Patrick’s Day celebration

Sinn Fein will not attend White House for St Patrick’s Day celebration

February 21, 2025
What do hidden documents tell us about Syria’s missing people?

What do hidden documents tell us about Syria’s missing people?

February 12, 2025
First victim of serial paedophile who spent 27 years on the run regrets not reporting assault at the time

First victim of serial paedophile who spent 27 years on the run regrets not reporting assault at the time

April 30, 2025

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto Market
  • Cryptocurrency
  • Entertainment
  • Health Care
  • Politics
  • Technology
  • UK News
  • US News
  • World

Related News

Sinn Fein will not attend White House for St Patrick’s Day celebration

Sinn Fein will not attend White House for St Patrick’s Day celebration

February 21, 2025
What do hidden documents tell us about Syria’s missing people?

What do hidden documents tell us about Syria’s missing people?

February 12, 2025
First victim of serial paedophile who spent 27 years on the run regrets not reporting assault at the time

First victim of serial paedophile who spent 27 years on the run regrets not reporting assault at the time

April 30, 2025

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto Market
  • Cryptocurrency
  • Entertainment
  • Health Care
  • Politics
  • Technology
  • UK News
  • US News
  • World
IIHS NEWS - AI Curated content
  • Home
  • UK News
  • Business
  • Entertainment
  • US News
  • World
  • Technology
  • Politics
  • Health Care
  • Crypto
No Result
View All Result
CONTRIBUTE
IIHS NEWS - AI Curated content
  • Home
  • UK News
  • Business
  • Entertainment
  • US News
  • World
  • Technology
  • Politics
  • Health Care
  • Crypto
No Result
View All Result
IIHS NEWS - AI Curated content
No Result
View All Result
Home Business

Trump’s latest phone negotiation tactic on tariffs likely to heighten EU retaliation threat

Sarah Taylor by Sarah Taylor
May 23, 2025
in Business
0
Trump’s latest phone negotiation tactic on tariffs likely to heighten EU retaliation threat
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

President Trump’s Friday flurry of pronouncements marks the return of negotiation by smartphone and may trigger another period of profound uncertainty for international trade and financial markets.

You might also like

Owner of Cote restaurant chain cooks up sale plan

UK economy remains fragile – and there are risks and traps lurking around the corner

UK economy unexpectedly shrinks for second month in a row

The threat of 50% tariffs against the European Union, issued hours before his trade representative met their European counterparts, is a show of presidential muscle surely designed to strongarm those on the other side of the table.

It is an escalation likely to heighten the threat of retaliation from Europe, and with a few keystrokes ends the brief period of calm that had returned to global trade and markets in recent days.

Money blog: Trump sends message to UK on energy bills

Talks in Switzerland between US and Chinese delegations a fortnight ago took the sting out of Sino-American hostility, negotiating three-figure tariffs that amounted to a mutual trade embargo down to manageable levels.

Financial markets had regained most of the losses sparked on ‘Liberation Day’ in April, when Donald Trump declared total trade war, and there was optimism that for all his bluster, there might be meaningful room for constructive compromise.

The UK even secured a deal of sorts, securing a reduction in auto tariffs in exchange for a reciprocal opening of agricultural markets.

Can Trump revoke international students’ visas?  

Investors descend on Trump’s golf club for $148m meme coin dinner amid protests

Harvard University sues Trump administration over ban on enrolling foreign students

There will be no such deal for the EU in a hurry. A 50% tariff on all exports to the US is not only higher than the original threatened blanket tariff of 20% and double Mr Trump’s proposed 25% on European cars, it’s higher even than China.

European stocks predictably ended the week in decline, with car manufacturers including BMW, Volkswagen and Stellantis all down.

Please use Chrome browser for a more accessible video player

It remains to be seen whether this threat will stick.

Read more:
Trump trade argument against UK doesn’t add up
Why Trump blinked in US-China trade war

Listen to The World with Richard Engel and Yalda Hakim every Wednesday

Mr Trump has repeatedly blinked first in the trade war he started, backing down on global reciprocal tariffs when bond markets rebelled before caving in Geneva to reach an accommodation with China.

His grievances with Europe appear to have an extra edge however, and the consequences of the uncertainty he’s sparked will be far-reaching.

If this was the only thing he had announced on ‘Liberation Day’ it would still have been huge.

Read Entire Article
Tags: BusinessSkynews
Share30Tweet19
Sarah Taylor

Sarah Taylor

Recommended For You

Owner of Cote restaurant chain cooks up sale plan

by Sarah Taylor
July 11, 2025
0
Owner of Cote restaurant chain cooks up sale plan

The private equity firm which took control of Cote, the French restaurant chain, at the height of the pandemic is kicking off an auction of the business

Read more

UK economy remains fragile – and there are risks and traps lurking around the corner

by Sarah Taylor
July 11, 2025
0
UK economy remains fragile – and there are risks and traps lurking around the corner

Monthly Gross Domestic Product (GDP) figures are volatile and, on their own, don't tell us much.

Read more

UK economy unexpectedly shrinks for second month in a row

by Sarah Taylor
July 11, 2025
0
UK economy unexpectedly shrinks for second month in a row

The UK economy unexpectedly shrank in May, even after the worst of Donald Trump's tariffs were paused, official figures showed.

Read more

Handbag sells for £7.4m at auction

by Sarah Taylor
July 10, 2025
0
Handbag sells for £7.4m at auction

A handbag has sold for €8.6m (£7.4m) - becoming the most valuable ever sold at auction.

Read more

All3Media owner RedBird IMI among suitors for Coulthard-owned TV firm

by Sarah Taylor
July 10, 2025
0
All3Media owner RedBird IMI among suitors for Coulthard-owned TV firm

The owner of the television producer behind Squid Game: The Challenge and Call The Midwife is among the suitors circling Whisper Group, the firm founded by broadcaster Jake...

Read more
Next Post
RFK Jr.’s report had a surprise target: your doctor

RFK Jr.’s report had a surprise target: your doctor

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Sinn Fein will not attend White House for St Patrick’s Day celebration

Sinn Fein will not attend White House for St Patrick’s Day celebration

February 21, 2025
What do hidden documents tell us about Syria’s missing people?

What do hidden documents tell us about Syria’s missing people?

February 12, 2025
First victim of serial paedophile who spent 27 years on the run regrets not reporting assault at the time

First victim of serial paedophile who spent 27 years on the run regrets not reporting assault at the time

April 30, 2025

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto Market
  • Cryptocurrency
  • Entertainment
  • Health Care
  • Politics
  • Technology
  • UK News
  • US News
  • World
IIHS NEWS – AI Curated content

IIHS.NEWS will be firmly committed to the public interest and democratic values.

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto Market
  • Cryptocurrency
  • Entertainment
  • Health Care
  • Politics
  • Technology
  • UK News
  • US News
  • World

BROWSE BY TAG

Blockchain Breaking News Business Entertainment Health Care Insidebitcoins newsbtc Politico Skynews Techcrunch Technology UK US USMagazine Variety World

© 2025 iihs.news - all rights reserved. YYC TECH CONSULTING.

No Result
View All Result
  • Home
  • UK News
  • Business
  • Entertainment
  • US News
  • World
  • Technology
  • Politics
  • Health Care
  • Crypto

© 2025 iihs.news - all rights reserved. YYC TECH CONSULTING.