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).
Andrew Wheeler, Administrator of the EPA, joined Cheddar to defend the Trump administration's stance on environmental protections and whether science is taken into account when regulations are put in place.
The Federal Reserve Chairman and Treasury Secretary expressed cautious optimism that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed.
The death toll in the U.S. from the coronavirus has topped 200,000, a figure unimaginable eight months ago when the scourge first reached the world’s richest nation.
Law enforcement officials have arrested 179 people and seized more than $6.5 million in a worldwide crackdown on opioid trafficking on the darknet.
The newly-formed Boutique Fitness Alliance allege the city has no proof fitness classes are more likely to spread coronavirus than typical gyms.
Fatima Goss Graves, president and CEO of the National Women's Law Center, joined Cheddar to discuss the history and legacy of Supreme Court Justice Ruth Bader Ginsberg and the impact the jurist has had on her own life.
Utah Republican Sen. Mitt Romney said Tuesday he supports voting to fill the late Justice Ruth Bader Ginsburg’s seat on the Supreme Court
Following the death of Supreme Court Justice, Ruth Bader Ginsberg, President Donald Trump has pledged to nominate another judge to the SCOTUS. Rep. Matt Gaetz joined Cheddar to discuss the process and whether or not a new Justice should be named.
Facebook has helped 2.5 million people to register to vote. The social platform has rolled out a voting information center that users can go for everything voting related.
President Donald Trump says he expects to announce his pick for the Supreme Court on Friday or Saturday.
Load More