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The director of the National Economic Council, Kevin Hassett, joins “Fox & Friends” to discuss President Donald Trump’s tariff thrust despite a call from the billionaire from the Bill Ackman coverage fund to take a rate pause to resolve unfair asymmetric agreements.
The European Commission proposed on Monday contra-tariffs 25% in a range of North -American goods in response to President Donald Trump’s rates on steel and aluminum, according to media reports.
The rates of some products will come into force on May 16, while others will begin later this year, according to a document seen by Reuters.
Sefcovic sailors, the European Union The Chief of Commerce said that the counter-ariffs would affect less than those announced above of € 26 billion.
President Donald Trump speaks during a commercial announcement event “Make America Wealthy Again” in the Roses Garden of the White House on April 2, 2025 in Washington, DC. (Chip Somodevilla / Getty Images / Getty Images)
Goods such as the Bourbon, the wine and the dairy lactes that the Commission was weighing in March have been removed. The commission had allocated a 50% rate on the Bourbon, which had promoted Trump to threaten a 200% counter-tarifa on EU alcoholic beverages if the block is moving forward.
Fox Business has contacted the White House.
The European Union also floated a “zero zero” fare resolution with the Trump administration after Washington imposed 20% of imports last week last week, Post of New York reported.
“We have offered zero rates for zero for industrial goods as we have successfully done with many other commercial partners,” said the President of the European Commission on Monday, Ursula von der Leyen.
“Because Europe is always ready for a good agreement. So we keep it on the table,” he said at a press conference.
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The reciprocal rates in some commercial partners in the United States will come into force on April 2. (Alex Edelman / Bloomberg through Getty Images / Getty Images)
Sefcovic said the zero disposition for zero would apply to chemicals, pharmacists, rubber, plastic machinery and cars.
During the weekend, the Trump’s 10% unilateral rate in all imports from many countries came into force, and US customs agents began to pick up.
The 10% initial rate of “reference line” came into force in the United States Marine Marine Ports, Airports and Customs Warehouses at 12:01 AM. The highest taxes on the goods of 57 larger commercial members will begin next week.
The President of the European Commission, Ursula von der Leyen, looks at a press conference with the President of the European Council, Antonio Costa (not in the photo), on the day of a European Union summit in Brussels, Belgium on March 20, 2025. Reuters/Yves Herman/File PH. (Reuters / Reuters)
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Trump’s announcement From Wednesday’s rate he shook world market markets, reducing $ 5 trillion in exchange for S&P 500 companies at the end of Friday, which marks a two -day record drop. Oil prices and goods also took a nose.
Landon Mion by Fox Business contributed to this report.
