US actions fell into early trade on Tuesday, only one day before the expected announcement of President Donald Trump to sweep new tariffs, which threaten to intensify a global commercial war.
The industrial average Dow Jones fell 250 points, or 0.6%, while the S& P 500 decreased 0.45%. The nasdaq technological heavy reduced 0.3%.
Trump told journalists at the Oval office on Monday that he had settled in a course of action for the new tariff round, although he refused to offer details.
The additional tariffs of the United States could cause countermeasures of commercial partners, exacerbating global commercial tensions that exploded in response to an earlier set of tariffs issued by the Trump administration last month.
Europe has a “strong plan” to retaliate against Trump’s planned rates, said Tuesday in a speech Ursula Von Leyen, president of the European Commission, in a speech.
The president of the European Commission, Ursula von der Leyen, speaks as part of a plenary session in the European Parliament on April 1, 2025 in Strasbourg, east of France.
Frederick Florin/AFP through Getty Images
“We will address these negotiations from a position of strength. Europe has many cards, from commerce to technology to the size of our market,” Von said.
Days before, Trump told journalists during the weekend that his tariffs could affect “all countries.”
“Tariffs will be much more generous than those countries for us, which means that they will be more friendly than those countries for the United States of America,” he said.
This is a development story. Consult the updates again.
