Stock market reacts to new EU tariff proposal
The trade war with the EU has taken a turn.
Assurances from European Union leaders prompted the latest extension of U.S. tariffs to that region after President Donald Trump said there appeared to be goodwill from all parties to work on a less-extreme agreement with a shortened timeline.
But the whipsaw trade policies that the Trump Administration has launched since his inauguration have reaped dizzying prices on the markets and an unstable bond market as proposed tariffs on everything from French chocolates to Scandinavian pharmaceuticals close down supply chains and consumer wallets.
Small businesses and their advocates have been especially vocal about the tariff situation, claiming that the harsh policy is not only squeezing margins but may lead to shutting down their firms completely.
