Dow skids more than 200 points in morning action amid Trumps European tariff threat

trump tariff


5% at 2 while the technology laden Nasdaq Composite Index COMP retreated 0. President Donald Trump Tuesday morning tweeted that the EU has taken advantage of the U. Trade Representative proposed targeting a list of EU products for tariffs as retaliation for European aircraft subsidies. Analysts were divided over whether the ramped up dispute would lead to greater global trade issues. The United States is a major market for Volkswagen Mercedes maker Daimler and BMW. Canada will impose a new round of tariffs on US products in retaliation to President Trumps tariffs on Canadian steel and aluminum Reuters reports. Foreign Minister Chrystia Freeland said that the government will announce new tariffs targeting American products that may have the biggest impact on the United States as Trump refuses to lift his steel and aluminum tariffs despite ongoing negotiations. 5 billion worth of tariffs on US goods in its initial response to Trumps tariffs. producers responded to reduced import competition by raising their prices. That provision may raise the price of a large number of cars by up to $2 the report said

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