
From Click to Crisis: How Typosquatting Targets German Businesses Online
Section: Business
France is calling for a robust response from the European Union in reaction to the import tariffs imposed by U.S. President Donald Trump. The French Foreign Minister emphasized the urgency of defending national interests, indicating that the EU is prepared to respond to new tariffs, similar to actions taken during Trump's previous administration.
On Sunday, President Trump announced a 25% tariff on all imports of steel and aluminum, set to take effect immediately. However, specifics regarding these tariffs remain vague, raising questions about whether they will add to existing tariffs or apply uniformly to all imports in these categories.
During his first term, Trump also introduced tariffs on steel and aluminum, prompting the EU to retaliate with tariffs on select U.S. products, including jeans, whiskey, and motorcycles. In light of the recent tariff announcements, France's Foreign Minister pointed to the EU Commission as the authority responsible for deciding which sectors would be targeted in the EU's countermeasures.
Germany, during Trump's initial term, advocated for negotiations to resolve trade tensions. While an agreement was later reached with President Joe Biden, the tariffs and countermeasures were not eliminated but merely suspended. Recently, Chancellor Olaf Scholz expressed a willingness to consider countermeasures against potential U.S. tariffs while also prioritizing dialogue with the Biden administration.
According to U.S. trade data, Canada is the largest supplier of steel and aluminum products to the United States, followed by Brazil, Mexico, and South Korea. Nevertheless, the impact of U.S. tariffs on metal imports would be significant for the EU, particularly affecting German automobile manufacturers with production facilities in the U.S., Mexico, and Canada.
Section: Business
Section: Arts
Section: Arts
Section: News
Section: Arts
Section: Arts
Section: Arts
Section: News
Section: Arts
Section: Business
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