Trump reignites trade war with EU
Digest more
7hon MSN
President Donald Trump is threatening a 50% tax on all imports from the European Union as well as a 25% tariff on smartphones unless the products are made in America.
Stock investors are starting to tune out President Donald Trump’s trade war. After frantically pushing share prices higher and lower for weeks on each twist and turn in Trump’s tariff negotiations, investors are now largely ignoring new announcements.
President Donald Trump and U.S. Attorney General Pam Bondi gesture as Sen. Ashley Moody (R-FL) looks on during a ceremony honoring the 2025 NCAA men’s basketball champion Florida Gators at the White House, May 21, 2025, in Washington, D.C.
Recent polling shows a significant decline in the United States’ global reputation, and that’s showing up in how people outside the U.S. are shopping. This is especially true in Canada, where anti-American backlash is changing consumer and business behavior.
Canada’s economy is likely in the early stages of a recession, according to forecasters, as unemployment rises and exports fall because of a trade war with the US.
Explore more
Why is Porsche’s stock down 21% so far this year, while Ferrari’s is up? Because 61% of the cars Porsche delivered in the first quarter were sport-utility vehicles, not sports cars. It is a trend that
Tesla's stock took a dive into the red, amid worries that Trump's escalation of the trade war with the EU will further hurt the EV giant's sales in Europe. The stock was up more than 1% before Trump's threat of a 50% tariff on EU imports,
Washington warned that using Huawei's chips could violate export controls. Beijing thinks that undermines "consensus" from the Geneva trade talks.