Trump delays tariff; German CEO uneasy over impact
President Trump announced a delay in implementing a 50% tariff on European Union goods until July—a move that has raised concerns among European companies. A German tech company’s CEO expressed anxieties over the potential financial fallout, highlighting the persistent uncertainties in transatlantic trade amid ongoing political friction.
Investors are being warned to "buckle up" for more volatility after U.S. President Donald Trump delayed the roll out of 50% tariffs on the European Union.
President Trump said the U.S. will delay a threatened 50% tariff on goods from the European Union from June 1 until July 9.
Germany is hoping to avoid a 50% tariff President Trump has proposed for the country. Barbara Humpton, president and CEO of Siemens USA, a German based tech company, spoke with Jericka Duncan about the impact.
Gold Slips as Haven Demand Eases After Trump Delays EU Tariffs Bloomberg.com
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