Watch: ARTE Europe Weekly: Should Europe fear U.S. tariffs?
Trump administration claims tariffs aimed to 'drive bilateral trade deficits to zero'
On April 2nd, Donald Trump declared what he’s hailing 'Liberation Day', a move aimed at freeing America from what he sees as unfair trade practices – not just from rivals but also longtime allies.
With a minimum 10 per cent tariff on all foreign imports – and a hefty 20% on European goods – the White House is sending shockwaves through global trade.
The automobile sector is taking a major hit, and Europe now faces tough decisions. What’s behind Trump’s strategy, and how will the EU respond?