© Chip Somodevilla/Getty Images / Getty ImagesPresident Donald Trump speaks during a "Make America Wealthy Again" trade announcement event in the Rose Garden at the White House on April 2, 2025, in Washington, DC.
The European Commission on Monday proposed counter-tariffs of 25% on a range of American goods in response to President Donald Trump's tariffs on steel and aluminum, according to media reports.
The tariffs on some goods will go into effect on May 16, while others will begin later this year, according to a document viewed by Reuters.
Maros Sefcovic, the European Union trade chief, said the counter-tariffs would impact less than the previously announced 26 billion euros.
National Economic Council Director Kevin Hassett joins 'Fox & Friends' to discuss President Donald Trump's tariff push despite a call from hedge fund billionaire Bill Ackman to pause tariffs in order to resolve 'unfair asymmetric' deals:
Goods such as bourbon, wine and dairy have been removed from the original list the Commission was weighing in March. The Commission had earmarked a 50% tariff on bourbon, which had prompted Trump to threaten a 200% counter-tariff on EU alcoholic drinks if the bloc goes ahead.
FOX Business has reached out to the White House.
The European Union also floated a "zero-for-zero" tariff resolution with the Trump administration after 20% import levies were imposed by Washington last week, the New York Post reported.
"We have offered zero-for-zero tariffs for industrial goods as we have successfully done with many other trading partners," European Commission President Ursula von der Leyen said Monday.
"Because Europe is always ready for a good deal. So we keep it on the table," she said at a press conference.
© Alex Edelman/Bloomberg via Getty Images / Getty ImagesReciprocal tariffs on some U.S. trade partners is set to go into effect on April 2. 2025
Over the weekend, Trump's unilateral 10% tariff on all imports from many countries went into effect, with U.S. customs agents beginning to collect.
The initial 10% "baseline" tariff took effect at U.S. seaports, airports and customs warehouses at 12:01 a.m. ET. Higher taxes on goods from 57 larger trading partners are set to start next week.
Trump's announcement of the tariff on Wednesday shook global stock markets, cutting $5 trillion in stock market value for S&P 500 companies by Friday's close, which marks a record two-day drop. Prices of oil and commodities also took a nosedive.
Reader Comments
And it's not the "Evil Orange Man" ...
[Link]
the Iran threats are to deter China with brics.
tariffs are not to help the working Americans. It's to screw China and coax them to fight.
trying to sway Russia, which is not working or going too.
and seeing someone on another thread here say they can't trust each other
what country is known for breaking treaties and are known liars.
looks like by October we will see what's what and who is holding what
Remaining as vague as possible increases the chances of being perceived as correct.
It will stay in the first sign of the zodiac until October 22, 2025, when it will retrograde back into the sign of Pisces before reentering Aries on January 26, 2025. It will linger here until March 2039.
If the tariffs are imposed in real time, why aren't my federal taxes being repealed in real time?
Is this qualified as double-dipping?
As ABOVE so BELOW. Humanity is in for a major facelift, thank God for the rot pus & zitt-zappers.
[Link]
May interest?
WWIII April 27 can show the way.
1785 URANUS was in Aries as Neptune now.
[Link]
Off to read your link. Thank you
Cheers
In the link you shared, the author mentions several times an 80 year period. That is interesting. Eight is often symbolic of renewal or rebirth and 10 symbolic of the flesh/carnal man or as you put it, the monkey mind.
I fixed door at foundries, when they still existed in the area. Many times a plug is used to maintain the mould and burns up when the molten metal is poured. I seems to point toward our transformation as the first was never the intended end.
[Link]
There was an earlier quote about removing dross. Personally, the inner furnace fired by judgement, is a blessing to continue removing dross, of which I have an abundance. As we share, the tranformation must come from within.
In other words, correlation is not causation .
Star and planet constellation are as much responsible for historical events as firefighters are responsible for fires, and icecream sales are for shark attacks. Anybody claiming causation is either ignorant or a fraud.
Does that mean that a shadow isn't a sign of what is causing?
25 And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring;
If you cannot and claim otherwise, you are defrauding people and commit a crime. No matter if you are a MD pushing toxic injections against imaginary viruses, or selling astrological forecasts.
Rationality is not your thing, you prefer emotional a.k.a wishful thinking. Linda is your girl, then.
We all share theories here at one time or another.
I try to respect all. Have read and agreed with many of your comments.
I have fond memories of learning to ski in Elmau Austria as a child.
Well said lifttveil, best we speak assuredly on what we know not patronizing using manipulative suppositions on subjects we know not. Anyone ignorant enough to try to sell opinions as intelligence, well.... projecting oppressive frauds.
wbb
John Wayne quipped, "Life is hard, it is even harder when you are stupid." [Link] 🤣🤣🤣🧐🐒🤯🙈🙄👶🍼🐣
The astro talk is informative, facts + previsions, not predictions as our opossom codis likes to state bully kick-down & throw suppositions + words in our mouths -- typical neurosis of any novice without knowledge or know-how.
Sailors listen to the weather forecast before setting sail for a reason.... Sad that angry pretentious hotheads prefer to be blown about by the cyclones of dramatic living. 🤷🏻♀️
Wasn't worries about code is scare tactics
Able to form my own opinions. I found it hilarious since prognostication is so prevelant here.
[Link]