May 28th, 2025
Create an account or log in to unlock unlimited access!
European Union officials are working to prevent 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, creating a trade imbalance. 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. Economists predict that if these 50% tariffs are put in place, the combined economy of the eurozone countries could shrink by up to 1% next year, and business investment could drop by more than 6%.
May 28th, 2025
US Consumer Morale Recovers Despite Persistent Tariff Concerns
US Consumer Morale Recovers Despite Persistent Tariff Concerns
Salesforce Set to Acquire Informatica in Landmark $8 Billion Agreement
Salesforce Set to Acquire Informatica in Landmark $8 Billion Agreement
European Firms Retreat: Cost Cuts and Investment Slowdown Amidst China's Economic Deceleration
European Firms Retreat: Cost Cuts and Investment Slowdown Amidst China's Economic Deceleration
Tariff Pressures Force Walmart to Announce Impending Price Increases
Tariff Pressures Force Walmart to Announce Impending Price Increases
Starbucks Staff Stage Mass Walkout Over Contentious Dress Code Changes
Starbucks Staff Stage Mass Walkout Over Contentious Dress Code Changes
Japan's Economic Downturn: Export Decline and Confidence Erosion Linked to Trade Tensions
Japan's Economic Downturn: Export Decline and Confidence Erosion Linked to Trade Tensions
Stocks Fluctuate Following Fed's Economic Warning and Rate Decision
Stocks Fluctuate Following Fed's Economic Warning and Rate Decision
Trump's Trade Talk Confuses Tariff Outlook
Trump's Trade Talk Confuses Tariff Outlook
Seoul Unfazed by Czech Court's Halt to $18 Billion Nuclear Agreement
Seoul Unfazed by Czech Court's Halt to $18 Billion Nuclear Agreement
Create an account or log in to continue reading and join the Lingo Times community!