Trump, European Union and tariffs
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Donald Trump has accused European countries of not helping with the HIV/Aids pandemic, as the UN warned sweeping US cuts to its HIV response programme will cost millions of lives.Speaking to The Independent as part of a new documentary on the impact of the cuts,
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French President Emmanuel Macron's Vietnam visit and Swedish automaker Volvo Cars' layoffs are both, in some ways, responses to Trump tariffs.
European shares have opened higher and U.S. futures also surged after U.S. President Donald Trump said he would delay a threatened 50% tariff on goods from the European Union to July 9. Oil prices rose while Asian shares were mostly lower.
The Trump administration sees tariff talks as a chance to pressure a rival into concessions. E.U. officials have acted as though they were dealing with an ally.
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President Donald Trump pulled back from threatening a larger trade war with Europe, again. On May 23, Trump said he would impose a 50% tariff on the EU starting on June 1. He later told reporters he felt no need to cut a deal.
The president said he would issue a 50% tariff on the EU and a 25% tax on Apple in a pair of Truth Social posts.