Trump threatens EU with 50% tariffs from June 1
The American president is getting tough with Brussels, deeming trade negotiations to be at an impasse. Europe retaliates by preparing taxes on 95 billion euros of American imports.
The American president is getting tough with Brussels, deeming trade negotiations to be at an impasse. Europe retaliates by preparing taxes on 95 billion euros of American imports.
Technology items (computers, smartphones, microprocessors, etc.) have been removed from the list of Chinese products taxed at 145% by the United States. A setback that will be followed by others. And heralds the decline of the dollar as the world’s reserve currency.
The new tariffs imposed by Trump, which came into force on Saturday, are causing a global shockwave on the world’s financial markets. Asian stock markets recorded spectacular falls of between 3% and 12% on Monday. The CAC lost 6.89% at the opening.
The American president has just announced a considerable increase in customs duties on imports, causing concern among his trading partners. The European Union is already preparing its response.
Washington is threatening to tax European, and therefore French, wines and spirits by up to 200% in retaliation for Brussels’ measures.
After two years of legal wrangling, the Toulouse Administrative Court ruled that the Toulouse-Castres freeway project was illegal, finding that there was no “imperative reason of overriding public interest”. Other complaints are pending.
The businessman king of transport continues his irresistible rise and invests in the European market.
Pascal Deshayes, President of the Coordination Rurale de Meurthe-et-Moselle, explains the reasons behind French farmers’ bloodbath: drought, floods, crop failures, epizootic diseases, unfair competition from foreign producers, and insane middlemen’s margins. “60% of farms have no cash flow”, he says. Interview.
In a spectacular test flight today, Elon Musk’s company succeeded in recovering the first stage of its mega rocket, taking a crucial step towards the reuse of this heavy launcher.
The United States is going to siphon off its European “colonies” to pay off its 35,000 billion debt, says Valérie Bugault, PhD, independent researcher and author of numerous books, including “The Hidden Reasons for World Disorder.”
The concomitance of the malicious acts committed last night on SNCF lines leaves no doubt as to the criminal organization set up to harm the Company, the Olympic Games and the country. A foreign initiative cannot be ruled out. And is eerily reminiscent of the Tarnac affair in 2008.
By 2023, the public deficit will have risen to 5.5% of GDP, and public debt to 110.6% of GDP, according to INSEE. This slippage is an embarrassment for the government.