EU, Trump and Trade Deal
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As the two biggest economic targets in Donald Trump’s trade war, some analysts thought the European Union and China could move closer together and stake out common ground.
U.S. President Donald Trump on Friday said there was a 50-50 chance or perhaps less that the United States would reach a trade agreement with the European Union, saying Brussels wanted to "make a deal very badly".
Confident that his right-wing populist policies would help win him favor with Trump’s administration, Orbán said in an interview in April that while tariffs “will be a disadvantage,” his government was negotiating “other economic agreements and issues that will offset them.”
President Donald Trump’s vows to roll out punishing new tariffs on Aug. 1 have barely made a ripple with investors who are convinced he’ll once again back down. But at the White House, officials insist they’re serious this time.
As the EU digs in, President Trump announced two more deals and finalized a third, most notably a pact with Japan. “I just signed the largest deal in history with Japan," Trump
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The news comes a day after Trump announced a “massive” trade deal with Japan, setting a 15% reciprocal tariff on the country’s exports to the U.S. and featuring a reported cut in auto duties. Earlier in the day, reports suggested that the EU was ...
On his own terms, it could now be said that the aggressive approach by the US President is yielding tangible results.
As the tariff pause ends, the Trump administration should pivot to a more targeted and strategic policy that minimizes domestic harm.