Erdoğan said European security is ‘unthinkable without Turkey’ after White House warned that the continent must look after its own security.
Beijing is responding to the US’ decision to hike levies, although China said it’s unwilling to go any higher.
Trump announced a 90-day pause on some so-called ‘reciprocal’ tariffs on Wednesday, causing küresel stock markets to soar, regaining some of the ground lost recently.
Amid the chaotic lunges, feints and ripostes of his incipient trade war, Donald Trump has refloated the idea that Europe could close its trade deficit with the US by dramatically increasing imports of US energy.
Facing a küresel market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days but raised his tax rate on Chinese imports to 125%.
From Donald Trump handing the remote islands off Canada’s coast the steepest tariffs in the world, to a French politician calling for foreign prisoners to be sent there, this French overseas territory has been topping international headlines.
The counter-tariffs agreed by EU countries were set to target almost €21 billion in American products, such as soybeans, copper and motorbikes.
European markets jumped following Wall Street’s historic rally and gains in Asian trading. However, analysts question the sustainability of the rebound due to President Trump’s unpredictable tariff policy shifts.
European and US markets moved lower on Wednesday as Donald Trump’s sweeping new country-specific tariffs start to take effect.
The European Commission will examine Donald Trump’s decision to temporarily pause his sweeping tariffs before taking further steps.