💨 Abstract

The EU has proposed zero-for-zero tariffs on industrial goods to the US as part of ongoing trade negotiations. This offer comes after US President Donald Trump announced a 20% tariff on EU imports, affecting over €380 billion in goods. The EU is prepared to retaliate with countermeasures if necessary. Asian countries, whose economies depend on exports, may reroute their products to Europe due to higher US tariffs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖