If President Trump’s proposed tariffs on steel and aluminium go into effect, Europe could drag blue jeans and breakfast beverages into the ring, according to Joseph Sternberg, the Wall Street Journal’s Editorial Page Editor for Europe.
“The EU is going to focus on trying to find ways that they can retaliate without damaging the EU economy itself,” explained Sternberg.
Early on Wednesday, the European Union released a list of American goods that it could tax, including Levi’s jeans, orange juice, and motorboats.
“That list is worth about $3.5 billion each year,” Sternberg said. “The point here is to try to send this message that the U.S. isn’t the only trading country in town here.”
More broadly, the tariffs could also decrease foreign investment into the U.S., said Sternberg.
It could start “affecting the willingness of European companies to invest in the U.S. and those companies are creating a lot of American jobs too.”
For the full interview, [click here](https://cheddar.com/videos/starting-a-tariff-war).
Indiana's initial estimate for Medicaid expenses is nearly $1 billion short of its now-predicted need, state lawmakers learned in a report that ignited concern over the state's budget and access to the low-income healthcare program.
The IRS said Tuesday it is going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021.
Senate leaders announced Tuesday that there will not be a vote this year on a border security package that included funding for Ukraine and Israel.
Criticism is continuing to mount on former President Donald Trump for his comments over the weekend saying immigrants are "poisoning the blood" of the country.
A former Proud Boys organizer was sentenced to 40 months in prison yesterday for his involvement in the January 6, 2021 attack on the U.S. Capitol.
Israel reportedly delivered an offer with possible terms for a second week-long ceasefire.
A divided Colorado Supreme Court is removing former President Donald Trump from the state’s primary ballot, saying in a historic ruling that he is ineligible to be president after his role in the Jan. 6, 2021, attack on the U.S. Capitol.
The death of a 5-year-old migrant boy and reported illnesses in other children living at a warehouse retrofitted as a shelter has raised fresh concerns about the living conditions and medical care provided for asylum-seekers arriving in Chicago.
New York State will create a commission tasked with considering reparations to address the persistent, harmful effects of slavery in the state under a bill signed into law by Gov. Kathy Hochul on Tuesday.
The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States.
