President Donald Trump has rejected the European Union’s "zero-for-zero" tariff proposal for industrial goods, calling it "very, very bad." Trump argued that the EU restricts U.S. cars and agriculture, and retaliated by imposing a 20% tariff on European exports.
European Commission President Ursula von der Leyen warned of countermeasures if talks collapse.
As tensions escalate, EU stock markets tumbled, with Germany’s DAX and the UK’s FTSE 100 suffering heavy losses.
The standoff risks disrupting transatlantic trade worth over €1 trillion annually, threatening global economic stability.
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