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).
Fans will be banned from the Tokyo area’s stadiums and arenas when the Olympic Games begin in two weeks.
Federal Reserve officials began debating at their June meeting when and how they would reduce the monthly bond purchases that they have used to keep longer-term interest rates in check.
Former President Donald Trump has filed suit against three of the country's biggest tech companies, claiming he and other conservatives have been wrongfully censored.
Haitian President Jovenel Moïse was assassinated in an attack on his private residence early Wednesday, according to a statement from the country’s interim prime minister.
The Pentagon said it has canceled a cloud-computing contract with Microsoft that could eventually have been worth $10 billion and will instead pursue a deal with both Microsoft and Amazon.
Ukraine's defense minister is under pressure from members of the government over the decision to have female military cadets wear mid-heeled pumps in a parade
Conservative Supreme Court Justice Clarence Thomas took a surprising stand on cannabis.
After two months of lower than expected job gains, the June jobs data has brought some cheer to those looking for a faster economic recovery.
America’s employers added 850,000 jobs in June, well above the average of the previous three months and a sign that companies may be having an easier time finding enough workers to fill open jobs.
President Joe Biden has drawn on his own experiences with grief and loss to comfort families affected by the Florida condo collapse.
