EU Plans Countermeasures to New US tariffs, Says EU Chief

European Commission President Ursula von der Leyen described U.S. President Donald Trump’s universal tariffs as a major blow to the world economy and said the European Union was prepared to respond with countermeasures if talks with Washington failed.   Von der Leyen said the EU was already finalising a first package of tariffs on up …

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Oil and Gas Got Off Easy on Trump’s Liberation Day

Summary Oil, gas exempt from Trump’s import tariffs US remains dominant in global energy markets Countries may increase US energy purchases to offset tariffs LONDON, April 3 – President Donald Trump’s reveal of sweeping import tariffs further darkened the outlook for the global economy and left many questions unanswered. But amid all the policy fog, …

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US Businesses Brace for More Pain as Trump Rolls Out Reciprocal Tariffs

U.S. President Donald Trump announced a slew of reciprocal tariffs on trading partners on Wednesday, the latest in a series of extensive duties imposed since his return to the White House earlier this year. The U.S. will now impose a 10% baseline tariff on all imports to the country effective April 5 and higher duties …

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