The US president had threatened to bring in 50% tariffs from 1 June on goods coming from the EU, but that date has now been put back until 9 July to allow more time for negotiations with the bloc.
It is bad all around, because the uncertainty freezes everything, even the goal trump claims that he is trying to accomplish, which is bringing factories to America[1]. Who sane would be start building a factory when a policy could change even the same day.
[1] side note: Majority of Americans say we should bring manufacturing to America, but when asked if they would want to work in a factory almost no one wants to.
It is bad all around, because the uncertainty freezes everything, even the goal trump claims that he is trying to accomplish, which is bringing factories to America[1]. Who sane would be start building a factory when a policy could change even the same day.
[1] side note: Majority of Americans say we should bring manufacturing to America, but when asked if they would want to work in a factory almost no one wants to.