Trump defends aggressive tariffs; EU engages in foundational trade deal discussions.
Trump doubled down on steep tariffs today, including a 200% levy on pharmaceuticals and a 50% tariff on copper, calling them "vital" for protecting U.S. industry. The move drew market attention as copper prices hit record highs domestically.
EU negotiators, meanwhile, have responded with cautious optimism—noting preliminary agreements on autos, medical equipment, and steel. Brussels reportedly agreed to a 10% general tariff in exchange. However, key sectors remain unresolved.
Domestically, Trump also criticized Harvard University, subpoenaed information about foreign student admissions, and hinted at visiting Scotland for a golf course opening later this month. These moves underscore his broader strategy of high-profile, broad-ranging negotiations and announcements.
Market analysts note that the lack of definitive policy increases stock volatility. While futures markets largely steadied, the risk of new tariffs remains a growing concern among investors globally.
I’m Adedayo Obadina
Talksocialtalks
