May 28th, 2025
Create an account or log in to unlock unlimited access!
European Union officials are working to stop the Trump administration from putting a 50% tax on imported goods. The U.S. President has often said he is unhappy that Europe sells more goods to the U.S. than it buys, which creates a trade imbalance. But the EU argues that if digital services are included, the U.S. actually sells more than it buys, making the trade even. To change the trade in goods, the EU could buy more liquefied natural gas from the U.S., spend more on defense with U.S. companies, or lower its 10% tax on foreign cars. However, it has been hard to solve problems related to European rules on food and farm products, and the sales taxes used by European governments. Experts believe that if these 50% taxes are put in place, the total economy of the eurozone countries could shrink by up to 1% next year, and business spending might go down by more than 6%.
May 28th, 2025
US Consumer Sentiment Recovers Despite Persistent Tariff Concerns
US Consumer Sentiment Recovers Despite Persistent Tariff Concerns
Salesforce Set to Acquire Informatica in Landmark $8 Billion Transaction
Salesforce Set to Acquire Informatica in Landmark $8 Billion Transaction
European Firms Reassess China Investments Amid Economic Deceleration
European Firms Reassess China Investments Amid Economic Deceleration
Tariff Pressures Force Walmart to Announce Price Increases
Tariff Pressures Force Walmart to Announce Price Increases
Starbucks Staff Strike Over Dress Code, Sparking Major Labor Dispute
Starbucks Staff Strike Over Dress Code, Sparking Major Labor Dispute
Japan's Economic Contraction: Trade Tensions and Confidence Erosion Impact Exports
Japan's Economic Contraction: Trade Tensions and Confidence Erosion Impact Exports
Asian Stocks See Mixed Results as US-China Trade Optimism Wanes
Asian Stocks See Mixed Results as US-China Trade Optimism Wanes
Stocks Fluctuate as Fed Flags Economic Risks and Sustains Rates
Stocks Fluctuate as Fed Flags Economic Risks and Sustains Rates
Trump's Trade Talk: Increasing Tariff Ambiguity
Trump's Trade Talk: Increasing Tariff Ambiguity
Create an account or log in to continue reading and join the Lingo Times community!