The EU has just approved a 25% retaliatory tariff on American products, and Trump has turned to... who changed his mind?

According to Bloomberg reported yesterday (9) evening, the European Union, as another largest economy in the world, also took formal action last night after China retaliated against the United States, approving tariffs on about 21 billion euros (about $23 billion) worth of American goods in retaliation for the 25% tariffs imposed by the United States on EU steel and aluminum products last month. (Synopsis: Trump shouted again to introduce "global equivalent tariffs" in April: the United States will win the trade war, and the European Union and Canada will sacrifice 40 billion magnesium to retaliate with tariffs) (Background supplement: Trump threatened to impose a 25% tariff on the EU, bitcoin pin $82,200!) The panic greed index fell to 10, a two-and-a-half-year low) In the face of Trump's tariff knife, in addition to China's retaliatory tariffs of up to 84% on US imports last night and sanctions on 18 US companies. The European Union, the world's other largest economy, also took formal action last night to approve tariffs on about 21 billion euros ($23 billion) worth of U.S. goods in retaliation for the 25 percent tariff the U.S. imposed last month on EU steel and aluminum. EU still wants to negotiate with the U.S. According to Bloomberg, the EU's counter-tariffs were passed on April 9 after a vote by 27 member states, affecting U.S. goods such as soybeans, poultry, agricultural products, motorcycles, dental floss, etc., with a scale of 21 billion euros. Some of these tariffs will take effect on April 15, while the rest are planned to be phased in in May and December. It is worth noting that these measures specifically target politically sensitive areas of the United States, such as agricultural products in Louisiana (home of Speaker of the U.S. House of Representatives Michael Johnson), cheese in Wisconsin, and Bourbon Whiskey in Kentucky, intended to exert political pressure within the United States. While the countermeasures added another fire to an already tense global economy, the European Commission also said in a statement that they could be suspended at any time if the United States was willing to reach a fair deal. EU Trade Commissioner Stéphane Séjourné also stressed: We hope that the United States will reconsider its position and return to the negotiating table. There are no winners in a trade war. But just hours later, Trump abruptly announced that he would suspend reciprocal tariffs on most trading partners for 90 days, and perhaps a new deal soon. Foreign media: Trump's decision surprised even his staff According to the Washington Post, Trump's policy of reversing reciprocal tariffs was actually surprising even within the White House, and within 18 hours of his decision, he spoke with a number of Republican senators (such as John Neely Kennedy, Lindsey Graham, John Thune), all of whom expressed concern about market shocks and recession risks and urged Trump to take action. At the same time, U.S. Commerce Secretary Lutnick received a call from Maros Sefcovic, a senior trade official in the European Union, who had just approved a set of measures to counter U.S. steel and aluminum tariffs, specifically targeting Trump supporters, including soybean farmers and plastics manufacturers. According to people familiar with the matter, at noon on the 9th Eastern time, the current US Secretary of Commerce Lutnick and Secretary of the Treasury Benson entered the Oval Office to discuss with Trump, and then announced the suspension of reciprocal tariffs through a community article, a decision that even caught some White House staff off guard. Trump told reporters later in the White House office that the final decision was probably made very early this morning, quite early. Just wrote a statement out. We didn't contact a lawyer at the time, "This is what we wrote from the heart." Review of Trump's first term and the EU tariff war Looking back at history, Trump engaged in a fierce trade confrontation with the EU in his first term (2017-2021). In 2018, he imposed 25% and 10% tariffs on EU steel and aluminum, prompting a swift response from the bloc, which imposed retaliatory tariffs on 6.4 billion euros worth of U.S. goods, including motorcycles, whiskey and peanut butter, focusing on Republican MP districts. Tensions between the two sides did not ease until Biden took office in 2021, when the United States and the European Union reached an agreement to suspend some tariffs and launch negotiations on the Global Steel and Aluminum Perpetuation Agreement (GASSA), which has so far failed. Now that Trump is back in the White House, his tougher trade policy has reignited the US-Europe tariff war. Related reports Musk scolded Trump tariff adviser: The head is stupider than a brick, Tesla's stock price has fallen 40% this year Trump sacrifices 104% tariffs on China! Bitcoin killed 75,000, the Dow Jones opened 1400 points higher and then fell, and the S&P lost the 5000 mark Who pushed the tariffs behind Trump: "The belligerent corner in the middle" economist Navarro "The European Union just approved a 25% retaliatory tariff on US products, Trump turned to... Who changed his mind? This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".