Tariff crisis Trump's tariff policy

Macron on the agreement: EU was not feared enough

The reason the EU agreed to an unfavorable agreement with the US is because the Union does not see itself as a power factor. That is what French President Emmanuel Macron says, writes Bloomberg.

- To be free, you have to be feared. We have not been feared enough.

At the same time, he emphasizes that the agreement is not the end of the tariff story and that continued negotiations are to be expected.

The agreement in which the EU agrees to pay 15 percent tariffs has been heavily criticized by the French side.

"The trade agreement that Ursula von der Leyen concluded with Donald Trump is a political, economic and moral fiasco," wrote Marine Le Pen, leader of the French National Rally, on social media.

Trump introduces new copper tariff - price falls

US President Donald Trump has introduced a new tariff of 50 percent on certain copper products. At the same time, copper is exempted from a number of other tariffs and the price of copper in the US falls around 16 percent after the announcement, Reuters reports.

The new tariff announcement is the result of an investigation that Trump ordered. Citing US national security, copper is exempted from tariffs as part of a package of measures to secure the US copper supply. This also includes a new requirement that 25 percent of all high-quality recycled copper be sold within the US.

Trump raises tariffs on Brazil to 50 percent

US President Donald Trump has signed several new presidential decrees on tariffs. Among other things, US tariffs on Brazilian goods imports are being raised to 50 percent from the current level of 10 percent.

Trump has previously threatened Brazil with high tariffs if the country does not drop the legal process against Brazilian ex-president Jair Bolsonaro, who is accused of an attempted coup.

In connection with Trump's tariff announcement, sanctions were also announced against a judge in Brazil's Supreme Court. The judge, Alexandre de Moraes, is one of five judges who were part of a special panel within the framework of the process against Bolsonaro.