BREAKING: European Union Slaps 25% Tariffs On United States In Retaliation

Only Zimbabwe and Penguin Island are willing to negotiate with Trump

The European Commission has announced a new wave of counter-tariffs in retaliation to the United States' escalating protectionist measures under President Donald Trump. A document obtained by Reuters reveals that Europe will impose 25% tariffs on a broad range of American goods, with the first wave set to take effect on May 16, and a second round scheduled for December 1.

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The move is a direct response to the Trump administration's earlier decision to slap 25% tariffs on imported steel and aluminum—policies that have already begun to ripple across global markets and strain diplomatic ties.

In a dramatic development, Donald Trump declared all talks with China "terminated" unless tariffs are fully repealed, signaling a hardening stance on trade and a potential derailment of already-stalled negotiations with Beijing.

Amid rising tensions, the Chinese Embassy in Washington released a symbolic video of former President Ronald Reagan speaking out against tariffs, a pointed reminder of past Republican free-market orthodoxy now turned on its head.

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Consumers Face Higher Prices as Auto Tariffs Bite

Meanwhile, American consumers could soon feel the pinch at the dealership. A fresh analysis from Cox Automotive warns that both imported and domestically manufactured vehicles will see steep price hikes, as the administration’s 25% tariffs on auto imports—and soon, auto parts—take hold.

“We expect to see declining discounting and then accelerated price increases as the tariffs are passed through and supply tightens,” said Jonathan Smoke, Chief Economist at Cox Automotive. “This will lead to price increases on all types of most new vehicles.”

According to the report, car prices may rise by several thousand dollars—an increase that could reverberate across the entire auto industry. The expected fallout includes:

• Reduced vehicle production

• Falling new vehicle sales

• Rising prices for used vehicles

• Elimination of certain car models

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Global Repercussions Loom

As Europe retaliates and China signals resistance, fears are mounting of a prolonged and unpredictable global trade war. Economists warn that tit-for-tat tariff battles could undermine economic stability, disrupt supply chains, and burden consumers on both sides of the Atlantic.

The European Commission has not yet released the full list of U.S. goods to be targeted, but sources say it includes agricultural products, industrial goods, and consumer electronics—sectors where American exporters stand to lose billions.

With both diplomacy and economic cooperation hanging by a thread, the coming months could prove decisive in reshaping not just international trade policy, but the very structure of the global economy.