The tariffs, some as high as 45 percent, are intended to to protect Europe’s automotive sector, but they could escalate a trade war with China.
Related Posts
Judge Rules Fed Governor Can Remain in Role, for Now
The decision is a win for Lisa Cook, the Federal Reserve governor that President Trump sought to dismiss over allegations of mortgage fraud.
Weak Jobs Report Raises Chances of a September Interest Rate Cut
The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market fragility.
Some Calm Returns to Asian Markets Even as Trade Tensions Escalate
Stocks rise in China after Beijing announces support measures a day after market plunges triggered by tariffs imposed by President Trump.