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).
Palestinians living in the heart of Gaza’s largest city said Wednesday they could see and hear Israeli ground forces closing in from multiple directions, accelerating the exodus of thousands of civilians as food and water become scarce and urban fighting between Israel and Hamas heats up.
Ivanka Trump began testifying Wednesday in the civil fraud trial that is publicly probing the Trump family business, making an appearance she tried to prevent.
Wednesday night is the third Republican presidential primary debate with five candidates set to take the stage. Columnist and political analyst Jonathan Harris spoke with Cheddar News to explain what to expect from a reduced field of candidates, what topics are on tap to discuss and which candidates have the momentum.
Treasury Secretary Janet Yellen is accusing the GOP of playing politics with IRS funding with a new round of budget cuts in a recent aid bill that would slash $14 billion from the agency in order to fund aid to Israel.
Democratic Kentucky Gov. Andy Beshear and Republican Mississippi Gov. Tate Reeves won reelection on Tuesday, while Ohio voters approved a constitutional amendment guaranteeing the right to an abortion and other forms of reproductive health care. In Virginia, Democrats swept legislative elections in a blow to GOP Gov. Glenn Youngkin.
