President Trump will sit down with European Commission President Jean-Claude Juncker on Wednesday to discuss trade with the European Union, and it's not likely to be an easy meeting.
Trump's refusal to back down from his tariffs on European steel and aluminum will make the meeting a tense one, reports Fortune, as Juncker, representing all EU nations, tries to convince him not to additionally impose steep tariffs on European cars. "The relations are very tense, are at a very low point," economist Danae Kyriakopoulou told CNBC. Trump earlier this month called the EU a "foe," criticizing "what they do to us in trade."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Hôtel du Couvent: a tranquil hideaway in the French RivieraThe Week Recommends Find pared-back luxury in the heart of Nice within the walls of a beautifully restored former nunnery
-
Introducing our new appThe Week has launched a newly redesigned mobile app to deliver a smarter, faster and more personal experience
-
Angela Rayner: Labour's next leader?Today's Big Question A leaked memo has sparked speculation that the deputy PM is positioning herself as the left-of-centre alternative to Keir Starmer
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
