EU vs. US: Trade War Heats Up!

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The European Commission's latest initiative aims to fortify trade relations with the United States by proposing the elimination of tariffs, benefiting both economies immensely. This groundbreaking proposal could have a significant impact on various industrial sectors and consumers across both regions. European Commission President Ursula von der Leyen is prepared to counter President Trump's announced twenty percent tariff on EU imports, including a hefty twenty-five percent on steel, aluminum, and cars, affecting over €380 billion in EU products. While some industries are exempt, Europe is ready to defend its interests with countermeasures if necessary. This video delves into the potential consequences of these tariffs on the global economy, especially Asia, and introduces a new task force to monitor global trade.

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