President Trump defends economic policies as EU announces retaliation against U.S. tariffs

The European Union announced retaliatory measures on about $28 billion in U.S. industrial and agricultural goods in response to President Trump's 25% increase in tariffs on steel and aluminum imports. Despite Wall Street's reaction to the trade tensions, Mr. Trump said he does not think there will be a recession.

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Trump 25% tariffs on steel and aluminum take effect, EU announces retaliation

Trump's tariff policies have rattled the stock market and raised fears of an economic slowdown, increased inflation and a global trade war.
CBS News - 2d
Counter-counter-tariffs? Trump threatens to hit back against EU's retaliation

U.S. President Donald Trump threatened Wednesday to hit back against Europe's own retaliatory move against the U.S.' 25% tariffs on steel and aluminum imports.
CNBC - 1d
President Trump defends tariffs against allies and threatens more amid volatility in markets

President Trump is threatening a 200% tariff on alcohol from Europe in response to the EU tariff on American-made whiskey. Mr. Trump has defended the current tariffs against allies and downplayed ...
CBS News - 20h
EU retaliates as Trump steel, aluminum tariffs take effect

The European Union (EU) retaliated swiftly with a two-step approach in response to President Trump’s fresh 25 percent tariffs on steel and aluminum that took effect Wednesday. First, the European ...
The Hill - 2d
Johnson, House GOP dismiss market turmoil in defending Trump tariff policies

House Speaker Mike Johnson and other Republicans are dismissing stock market turmoil and recession concerns as they defend President Donald Trump's tariff policies.
ABC News - 3d
Europe and Canada retaliate against Trump’s steel and aluminum tariffs

President Trump touted better-than-expected inflation numbers Wednesday, as the trade war is escalating. Canada and the European Union announced new tariffs on U.S. goods after Trump’s sweeping ...
NBC News - 2d
Trump pledges to match EU and Canada's retaliatory tariffs

Trump repeated trade threats after the European Union and Canada retaliated to US steel and aluminium tariffs.
BBC News - 2d
Donald Trump threatens 200% tariff on EU wine and champagne

US president says levy on alcohol imports would be retaliation for ‘nasty’ 50% tariff imposed on bourbon whiskey. US politics live – latest updates Donald Trump has threatened a 200% ...
The Guardian - 1d
Why the UK Has Not Retaliated Against Trump’s Tariffs

Prime Minister Keir Starmer wants to stay close to the United States, even as the uncertainty unleashed by President Trump offers a chance to build ties with the European Union.
The New York Times - 2d
Live Updates: Trade Fight Widens as Europe and Canada Retaliate Against Trump Tariffs

As President Trump’s global tariffs on metals took effect, the European Union and Canada announced billions of dollars in levies on American goods. Economists worried that the trade war could over ...
The New York Times - 2d
EU and Canada retaliate after Trump’s metals tariffs take effect

Brussels and Ottawa hit tens of billions of dollars' worth of US imports with levies
Financial Times - 2d
Lutnick says Trump's policies are "worth it" even if they lead to recession

The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.
CBS News - 3d
Australia won't retaliate against 'unjustified' US tariffs on steel and aluminum

Australian Prime Minister Anthony Albanese says U.S. tariffs on Australian steel and aluminum are unjustified, but his government will not retaliate with its own tariffs
ABC News - 3d
President Trump doesn't rule out a recession amid tariffs against allies

President Trump on Sunday defended his tariffs against some of the United States' allies. However, the continental trade war has rattled global markets and sparked concerns about a possible ...
CBS News - 4d
Europe, Canada retaliate as Trump tariffs on metals take effect

Ursula von der Leyen, president of the European Commission, said in a statement that the EU "must act to protect consumers and business."
ABC News - 2d
Trump’s 25% tariffs on steel and aluminum imports take effect, Europe retaliates

The European Union announced countermeasures targeting the U.S. after President Donald Trump's 25% tariffs on steel and aluminum imports came into effect.
CNBC - 3d
Trump threatens 200% tariff on alcohol from EU

Wine and spirits will be taxed, Trump says, if the EU does not remove tariffs on US whiskey.
BBC News - 1d
Markets open down again, Trump announces more tariffs against Canada

Traders on Wall Street hoping to rally back after Monday's major selloff are starting Tuesday with another dip. Meanwhile, President Trump has announced additional tariffs for Canada. CBS News' ...
CBS News - 3d
Trump threatens 200% tariffs on EU alcohol imports

US president demands bloc scraps proposed duty on US whiskey
Financial Times - 1d
White House defends Trump's tariffs amid plunging stock markets

The White House is defending President Donald Trump's tariffs against the country's top trading partners after the stock market experienced its worst day in 2025 with a sell off that left the Dow ...
NBC News - 3d
EU must brace for impact of Trump wrecking ball on global trading system | Heather Stewart

UK appears to be out of US eyeline for now but it would not be immune to slowdown triggered by rising tariffs. Forget the “Trump put”, as financial analysts called the bet that the US president’s ...
The Guardian - 5d
Trump threatens 200% tariff on EU liquor; US stocks continue to fall

Recession fears are growing as President Donald Trump is threatening to impose 200 percent tariffs on alcohol from the European Union, sending stocks plunging yet again. "I'm not going to bend at ...
NBC News - 22h
Trump threatens additional tariffs against European Union, Canada

President Trump is considering additional tariffs against the European Union and Canada after both announced retaliatory tariffs on the U.S. CBS News correspondent Natalie Brand reports.
CBS News - 1d
Why Trump's rapidly changing economic policies are raising stagflation alarms

If there was one thing President Donald Trump was supposed to represent to many voters, it was the prospect of an upturn in their economic fortunes.
NBC News - 3d
Europe Retaliates Against Trump’s Tariffs as Trade Fight Widens

The European Union responded to American steel and aluminum tariffs with its own tariffs on boats and bourbon — and pledges of more to come.
The New York Times - 1d
Trump’s Policies Have Shaken a Once-Solid Economic Outlook

Economic forecasts have deteriorated in recent weeks, reflecting the upheaval from federal layoffs, tariff moves and immigration roundups.
The New York Times - 5d
FirstFT: EU retaliates to US tariffs on steel and aluminium imports

Also in today’s newsletter, Ukraine agrees immediate 30-day ceasefire and Palantir boss becomes one of highest paid tech bosses
Financial Times - 2d
Trump makes new Mexico, Canada tariffs threat as UAW leader backs his policy

Shawn Fain, the president of the United Auto Workers union, is backing President Trump's tariffs strategy. This comes as President Trump says tariffs against Canada and Mexico could rise in the ...
CBS News - 4d
President Trump threatens additional tariffs on Canada, European Union

The trade war is escalating as President Trump says he may impose additional tariffs on Canada and the EU. Canada has put 25% reciprocal tariffs on nearly $21 billion worth of American imports, ...
CBS News - 1d
Tariff timeline: How Trump turned global trade into an economic battlefield

Trump has praised tariffs as a fix for economic issues, but their erratic rollout and shifting reasons have worried investors. See a timeline of the president’s trade rhetoric.
NBC News - 15h
Trump continues tariff tumult amid economic uncertainty

President Trump told reporters there could be some economic disturbance amid tweaks to tariffs at the end of a tumultuous week in the markets. NBC News Correspondents Aaron Gilchrist, Brian Cheung ...
NBC News - Mar. 7
The Guardian view on US-Europe relations: Britain is coming to a fork in the road | Editorial

For now Keir Starmer can say there is a middle way, but Donald Trump will soon force Britain to pick a side. No country can avoid the economic impact of Donald Trump’s aggressive trade policy. ...
The Guardian - 2d
House Republican: Trump is 'right over the target' with EU wine tariff threat

Rep. Warren Davidson (R-Ohio) applauded President Trump’s threat to put a 200 percent tariff on wine, Champagne and other alcohol imported from the European Union (EU) if the bloc does not remove a ...
The Hill - 1d
Morning Report — Trump stirs economic uncertainty

In today’s issue: President Trump marked 50 days in office Monday confronting a grim report card that raised new doubts about his tariff policy and his theory that chaos improves leadership ...
The Hill - 3d
US tariffs could extend Germany's recession, says bank

Germany's central bank president says US tariffs and retaliation to them could tip Europe's largest economy into recession again.
BBC News - 2d
Lutnick defends Trump tariffs: ‘This is the way you run the country’

Commerce Sec. Howard Lutnick defended President Trump’s approach to tariffs, saying on Sunday the president is focused on stopping fentanyl from entering the country and is actively engaging with ...
The Hill - 5d
A Tariff Tantrum: the Upheaval from Trump’s Trade Policies

Corporate chiefs see “chaos,” and investors see red as the effect of President Trump’s shifting trade policy begins to weigh on board rooms and trading rooms.
The New York Times - Mar. 7
Starmer says 'all options on table' on US tariffs

Canada and the EU have announced retaliatory tariffs but UK will take a "pragmatic" approach, the prime minister said.
BBC News - 2d
Drug policy expert on fentanyl crisis and tariffs

Drug policy expert Sheila Vakharia joins to discuss the Trump administration's tariffs and their connection to fentanyl, the latest CDC data on overdose rates, and what's actually helping in the ...
CBS News - 4d