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Trump Tariffs Put GOP Future Majority into Question - Bloomberg News
Jul 14, 2025 Featured Videos
Henrietta Treyz, co-founder at Veda Partners, breaks down what we now know about President Trump's tariff strategy following a slew of new tariff threats to the EU.
The European Union is preparing to step up engagement with other countries hit by President Donald Trump’s tariffs following a slew of new threats to the bloc and other US trading partners.
While there’s always regular contact with other countries, particularly among the Group of Seven, the risk of wider trade wars means “there is this new sense of urgency,” EU chief trade negotiator Maros Sefcovic told reporters Monday as he entered a meeting of trade ministers.
The contacts with nations including Canada and Japan could include the potential for coordination, Bloomberg News reported earlier. European Commission President Ursula von der Leyen plans to speak later Monday with Canadian Prime Minister Mark Carney, an EU official said.
The outreach comes as Canada and the EU’s trade talks with the US have dragged on and continue to be stuck on several issues ranging from autos to agriculture.
With punishing tariffs just two weeks away, and few countries able to sign a deal with Trump, some of America’s economic allies are rethinking their long-standing dependence on low trade barriers to the world’s biggest economy.
“We need to explore how far, how deep we can go in the Pacific area with other countries,” EU competition chief Teresa Ribera told Bloomberg TV on Monday from Beijing, where she is visiting for climate-focused talks with Chinese officials. She highlighted the EU’s continuing trade talks with India, which are expected to be completed by year’s end.
Henrietta Treyz, co-founder at Veda Partners, breaks down what we now know about President Trump's tariff strategy following a slew of new tariff threats to the EU.
The European Union is preparing to step up engagement with other countries hit by President Donald Trump’s tariffs following a slew of new threats to the bloc and other US trading partners.
While there’s always regular contact with other countries, particularly among the Group of Seven, the risk of wider trade wars means “there is this new sense of urgency,” EU chief trade negotiator Maros Sefcovic told reporters Monday as he entered a meeting of trade ministers.
The contacts with nations including Canada and Japan could include the potential for coordination, Bloomberg News reported earlier. European Commission President Ursula von der Leyen plans to speak later Monday with Canadian Prime Minister Mark Carney, an EU official said.
The outreach comes as Canada and the EU’s trade talks with the US have dragged on and continue to be stuck on several issues ranging from autos to agriculture.
With punishing tariffs just two weeks away, and few countries able to sign a deal with Trump, some of America’s economic allies are rethinking their long-standing dependence on low trade barriers to the world’s biggest economy.
“We need to explore how far, how deep we can go in the Pacific area with other countries,” EU competition chief Teresa Ribera told Bloomberg TV on Monday from Beijing, where she is visiting for climate-focused talks with Chinese officials. She highlighted the EU’s continuing trade talks with India, which are expected to be completed by year’s end.