Tag: Trump tariffs

US-EU Trade Deal: Europe Faces Sharp Tariffs as Trump Claims Victory
28Jul By 2newswireNo Comments
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US-EU Trade Deal: Europe Faces Sharp Tariffs as Trump Claims Victory

What’s in the Deal?  Averted Trade War, But At What Cost? The deal, signed just days ahead of Trump’s self-imposed August 1 deadline, avoided the imposition of a crippling 30% blanket tariff on EU goods. Instead, a uniform 15% tariff will now apply to most exports from Europe to the US. The agreement leaves open continued negotiations on critical sectors such as: Steel and aluminium (currently under a 50% tariff) Pharmaceuticals, with no current exemptions Aerospace and aviation Automotive exports, now subject to 25% levies European Commission President Ursula von der Leyen described the outcome as “the best we could get” under the circumstances, noting that retaliatory measures planned by the EU totaling €94 billion were suspended in the interest of ma...
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Mall Meltdown: How Trump’s Tariffs Are Hitting US Shoppers Where It Hurts—Their Wallets
10Jul By 2newswireNo Comments
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Mall Meltdown: How Trump’s Tariffs Are Hitting US Shoppers Where It Hurts—Their Wallets

Rising Heat and Rising Prices As the summer heat scorches New York City, the economic temperature inside America’s shopping malls is rising just as fast. In Queens’ bustling Queens Center Mall, shoppers aren’t just sweating the weather—they’re feeling the pinch of a new round of Trump-era tariffs. From Macy’s to Best Buy, department stores are being forced to pass increasing import costs onto consumers, particularly for everyday staples like t-shirts, shoes, and bags. Basic goods are becoming luxuries for many Americans. “T-shirts, basic t-shirts, underwear—the prices are going up,” said Clarence Johnson, 48, outside Macy’s. Retailers Brace for Tariff Shock Under President Donald Trump’s renewed trade offensive, tariffs are once again being deployed as a central weapon. Beginnin...
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