SLIGHTLY 40% 60% Monday, May 26, 2025, 8:21 pm
In an unexpected policy pirouette, President Trump halted tariffs on European Union goods after intensive negotiations. The move, hinting at a potential reset in trade relations, leaves observers questioning if tariffs were ever meant to be permanent—or just a temporary blip in the political arena.
President Trump's tariff pause aids China's economy amid deflation. But it also weakens our U.S. trade position as China maintains non-tariff barriers and unfair practices.
President Donald Trump and EU President Ursula von der Leyen agreed to fast-track trade talks, delaying further tariffs until at least July 9.
U.S. futures jumped as investors welcomed Trump's postponement of tariffs on imports from the European Union.
Trump pauses tariffs on European Union goods after negotiations;
Negotiators from the U.S. and the European Union met on Monday, saying they are committed to a deal. This comes after the EU president said she and President Trump had a "good call" before Mr. Trump announced a delay on the 50% tariffs on European Union goods. Willie James Inman reports.
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In Turkey, delegations from Ukraine and Russia met for peace negotiations amid pessimism over any substantive breakthrough. Complicating matters, drone strikes reportedly occurred ahead of the talks, adding an unexpected twist that has not only heightened tensions but also sparked wry commentary on the chaotic state of international diplomacy. More...
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