The Stage is Set for an Economic Blitz The flags of the European Union and the United States might still hang side by side in conference rooms, but don’t let the decor fool you—those alliances are about to get torched. Last weekend, President Trump dropped a not-so-subtle threat: slap a 30% tariff on European imports by August 1st. That’s not a negotiation tactic—that’s a loaded gun pointed at $975 billion worth of trade, waiting for someone to flinch. Europe’s Warning: “Practically Prohibits Trade” Maroš Šefčovič, Europe’s trade commissioner and professional bureaucrat, tried to sound calm while warning the obvious: “It will be almost impossible to continue trading as we are used to in a transatlantic relationship.” Translation: the EU is…
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