Trump's tariffs on EU steel and aluminum have ignited a trade war, with the EU pledging 'firm and proportionate' retaliation. This action has raised inflation concerns, risking higher consumer prices in the US. Economists warn this could worsen the cost-of-living crisis that helped propel Trump to office. Despite the tensions, EU officials express a desire to reach a mutually beneficial resolution. The situation highlights the potential economic fallout for Ireland and the fragile nature of US-EU relations amid tariff escalations.
The EU was still committed to finding a mutually beneficial solution with the US 'as soon as possible', highlighting the importance of collaboration in trade.
Trump's imposition of tariffs has sparked a trade war, prompting firm EU retaliation and raising concerns about inflation affecting US consumers.
Collection
[
|
...
]