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).
Kamala Harris is poised to make history as the first Black woman to accept a spot on a major party’s presidential ticket.
Hedge fund manager and former White House Communications Director Anthony Scaramucci joined Cheddar’s News Wrap Thursday evening with a warning about the current state of the S&P 500 index.
Democrats have formally nominated Joe Biden as their 2020 presidential nominee.
While Postmaster General Louis DeJoy halted operational changes at the USPS, California Rep. John Garamendi claims the concerted effort to destroy the post office was orchestrated by the Trump administration in order to steal the November election.
A day after Michelle Obama’s passion wowed Democrats on the opening night of the party's national convention, Joe Biden will draw on a collection of his party’s most experienced leaders.
The Postmaster general says he is halting some operational changes until after the November election.
President Donald Trump says he'll pardoned Susan B. Anthony, a leader in the women’s suffrage movement, who was arrested for voting in 1872 in violation of laws permitting only men to vote.
As the USPS rolls back its operational capacity, House Speaker, Nancy Pelosi, is calling ono the postal chief to testify in front of congress. Andrea Thomas Haile, CEO of Vote.org, talks steps states can take to work around USPS limitations.
There was no central meeting place or cheering throng during the all-virtual Democratic National Convention on Monday night. But it was an opportunity for Democrats — and some Republicans — to rally behind Joe Biden, the party's presidential nominee.
As eviction moratoriums are lifted and extra federal unemployment assistance dries up, there is a broad consensus among housing experts that an evictions crisis is inevitable.
