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Trump Retreats on Tariff Surcharges Following Call with Von Der Leyen
Trump Retreats on Tariff Surcharges Following Call with Von Der Leyen
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Donald Trump’s aggressive trade policy stance faced an unexpected reversal after a decisive phone call with European Commission President Ursula von der Leyen. The former president had previously vowed to impose 50% tariff surcharges on all European imports starting in June, framing it as a corrective measure for what he called America’s "exploited" economic position.
Europe had prepared retaliatory measures worth over 100 billion euros, signaling a potential trade war. Von der Leyen’s intervention secured a temporary delay, though the underlying tensions remain unresolved. The episode highlights the fragility of global trade relations and their Ripple effects across financial markets.
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