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).
Stocks closed higher on Wall Street, extending the market's winning streak to a fourth day.
The Trump administration says it will block Chinese airlines from flying to the U.S. later this month.
Breaking with President Donald Trump, Defense Secretary Mark Esper said Wednesday he opposes using military forces for law enforcement in containing current street protests.
Rep. Maxine Waters (D-Calif. 83rd District) on Tuesday joined Cheddar to express her support for the protest movement rocking the nation and to officially endorse Joe Biden for president.
GOP Iowa Rep. Steve King lost his primary race , former CIA agent Valerie Plame, famously outed in a scandal involving the George W. Bush White House, lost her bid for a seat in New Mexico, and Joe Biden comes closer to the official Democratic nomination.
More than 4,000 people have been arrested over the last six days during sweeping protests across the country in response to the police killing of black Minneapolis resident, George Floyd. Cheddar's Megan Pratz takes a deep dive into the rights of protesters and how to protect yourself while demonstrating.
Stocks are closing higher on Wall Street for the third day in a row, continuing a stretch of gains for the market.
The state of Minnesota has filed a human rights complaint against the Minneapolis Police Department in the death of George Floyd who died after an officer pressed his knee into Floyd’s neck for minutes, even after he stopped moving.
Nine states and the District of Columbia are voting. Tuesday's elections will be the largest slate of presidential primaries in almost three months.
Former NAACP President, Ben Jealous, sits with Cheddar's Jill Wagner to speak on nation's unrest and President Trumps response.
