Markets Plunge as US-EU Tariff Talks Stall | India’s Debt Crisis | Canada-US Trade War

🇪🇺 Tariff Tensions Flare as EU-US Talks Stall

📅 April 16, 2024 | Source: Market Update Channel

Despite a temporary freeze, most Trump-era tariffs on EU goods remain in place—stalling progress on a transatlantic trade reset.

📌 At A Glance:

• EU-U.S. trade negotiations hit an impasse over unresolved Trump-era tariffs.
• Brussels is frustrated by Washington’s lack of movement on core trade issues.
• Talks continue at a technical level with no breakthrough in sight.
• Disputes include automotive tariffs, digital taxes, and pharmaceutical supply chains.
• Canada, meanwhile, offers tariff relief to automakers, adding competitive pressure.

Why It Matters:

The lack of resolution in EU-U.S. trade talks keeps billions in tariffs alive, straining key sectors like autos and pharmaceuticals. This adds uncertainty and cost for small businesses that rely on cross-border supply chains or import/export with the EU. Ongoing technical-level talks show willingness but little momentum, leaving many industries in limbo just as global supply chains stabilize post-COVID. Meanwhile, Canada’s tariff reprieve for automakers could shift trade dynamics and pressure U.S. competitiveness.

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TAGS: #Market Updates #Trade Tensions #Tariff Talks #EU US Trade  #Auto Industry #Pharma Supply Chain #Global Economy #Business Diplomacy