Live updates: Trump news, tariffs rattle stock market, US-China trade war | CNN Politics

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Key Developments

The European Union's trade commissioner, Maros Sefcovic, will travel to Washington, D.C. to negotiate a trade deal with the United States, following the announcement of a 90-day pause on reciprocal tariffs by President Trump. This pause, however, is viewed as fragile by some European leaders, who point out that other tariffs on steel, aluminum, automobiles, and a 10% levy on most US imports remain in place.

European Concerns

French President Emmanuel Macron described the 90-day pause as β€œfragile” and highlighted the continued uncertainty for businesses on both sides of the Atlantic. The EU's economy minister, Valdis Dombrovskis, while welcoming the pause on reciprocal tariffs, noted that Trump's trade policy has created greater unpredictability in the global economic outlook, calling the remaining 10% tariff a significant blow to the global economy. Dombrovskis emphasized Europe's unwillingness to continue the trade confrontation.

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