‘Lack of respect’<\/p>\n
While pausing his broader tariff initiative \u2014 though maintaining a 10 percent \u201creciprocal\u201d tariff on almost all countries, plus drastic measures targeting metals \u2014 Trump ratcheted up tariffs against China to 125 percent. <\/p>\n
That move, he posted on social media, was based “on the lack of respect that China has shown to the World\u2019s Markets.\u201d Beijing had retaliated against Trump, implementing its own massive tariffs on American imports.<\/p>\n
Polish Prime Minister Donald Tusk, German Chancellor-designate Friedrich Merz<\/a> and Spanish Prime Minister Pedro S\u00e1nchez also exhaled over Trump\u2019s climbdown.<\/p>\n \u201cLet\u2019s make the best of the next 90 days,\u201d\u00a0Tusk said<\/a> Wednesday. According to Merz<\/a>, the new measures announced by the U.S. showed the benefits of European unity, while S\u00e1nchez said<\/a> it “seems to open the door to negotiation and thus to an agreement between countries.”\u00a0<\/p>\n “The European Commission will now take the necessary time to assess this\u00a0latest\u00a0development, in close consultation with our Member States and industry, before deciding on next steps,” Olof Gill, Commission spokesperson on trade, said Thursday morning.<\/p>\n This story has been updated. <\/p>\n","protected":false},"excerpt":{"rendered":"‘Lack of respect’ While pausing his broader tariff initiative \u2014 though maintaining a 10 percent \u201creciprocal\u201d tariff on…\n","protected":false},"author":2,"featured_media":8931,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[1395,32,5898,2000,299,5187,1945,3055,2441,809,479,1201,1219,1771,49,1220],"class_list":{"0":"post-8930","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-china","9":"tag-donald-trump","10":"tag-donald-tusk","11":"tag-eu","12":"tag-europe","13":"tag-european","14":"tag-friedrich-merz","15":"tag-global-economy","16":"tag-markets","17":"tag-negotiations","18":"tag-tariffs","19":"tag-trade","20":"tag-trade-war","21":"tag-u-s-foreign-policy","22":"tag-united-states","23":"tag-ursula-von-der-leyen"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114315543450225854","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/8930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=8930"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/8930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/8931"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=8930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=8930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=8930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}