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).
The Democratic Party will convene, sort of, amid a pandemic that has upended the usual pomp-and-circumstance of presidential nominating conventions.
The Department of the Interior has approved an oil and gas leasing program within Alaska’s Arctic National Wildlife Refuge.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
A three-judge panel of the 9th U.S. Circuit Court of Appeals has thrown out California’s ban on high-capacity ammunition magazines.
Lee County, deep in the Appalachian Mountains, is one of many rural school districts around the country where the decision over whether to bring students back into classrooms is particularly fraught.
President Trump and economic adviser Larry Kudlow have been touting a capital gains tax cut as part of a Phase 4 stimulus package, but experts contend any gains from such a cut would be minimal and largely concentrated among the most wealthy citizens.
Facebook has launched the 'Voting Information Center' as a hub to provide users with accurate information regarding everything voting related. Emily Dalton, director of social impact product at Facebook, talks the company's new initiative and goals of the program.
Dodger Stadium will serve as a vote center for the presidential election in November, making the Dodgers the first Major League Baseball team to make their venue available for voting.
Joe Biden is calling for a nationwide mask mandate, citing health experts’ predictions that it could save 40,000 lives over the next three months.
Today, President Trump admitted to undermining the USPS in attempt to stall the mail-in voting process. California representative, Ami Bera, talks the November election and the stalled stimulus deal.
