Markets have responded negatively to Trump’s trade actions.
Photo by Chip Somodevilla/Getty ImagesDespite hopes Trump would hold off on more tariffs before next year’s presidential election, the president took aim at France, the EU and two South American countries within one 24 hour period, potentially upending any China trade talk progress and leading to market declines at the start of the month.
on French goods, including Champagne, yogurt and other luxury goods were floated by the U.S. Monday as retaliation for France’s digital tax, which the U.S. says unfairly targets American tech companies such as Apple, Facebook and Amazon.rival Boeing, the U.S. responded by threatening more tariffs on a wide range of EU goods.and announced an immediate reinstatement of tariffs on steel and aluminum produced by Brazil and Argentina.
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