Start Here Ciao for Now: Trump Delays European Tariffs
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May 27, 2025 Tom Sufi Burridge, ABC's foreign correspondent, dives into the complex dynamics of global trade and conflict. He discusses President Trump's surprising reversal on European tariffs and the ripple effects on American consumers and businesses. The conversation shifts to the escalating violence in Ukraine, highlighting Russia's drone attacks and the implications for U.S. military aid. Burridge also touches on a tragic incident at a Liverpool celebration, bringing attention to public safety amid chaotic events.
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Tariff Threat Whiplash Insight
- President Trump has repeatedly threatened tariffs then delayed or paused them, especially on Europe and China.
- This pattern creates ongoing uncertainty for markets and trade partners, reflecting his negotiation strategy.
Impact of EU Tariffs
- European imports to the U.S. include diverse products like wine, cars, tech, totaling over $600 billion.
- Tariffs on these goods would raise prices widely, impacting many sectors and consumers.
Apple Tariff Threats Unrealistic
- President Trump threatened 25% tariffs on Apple if it doesn't make iPhones entirely in the U.S.
- Experts say relocating production here is nearly impossible and would drastically increase costs.