Author: Al Jazeera Staff
Published on: 09/04/2025 | 00:00:00
AI Summary:
European Union countries set to approve set of retaliatory levies on the United States on Wednesday. The expected tit-for-tat comes as China also retiated against Trump's tariffs this week. Trump’s latest tariffs put a 20 percent levy on all EU goods. China, which imports $15bn of US soybeans, is by far the most important market. China and the EU are now at the heart of a global pushback against Trump’s tariffs. Both entities appear to be targeting US soy, a soft spot for Washington. China placed an additional 34 percent on all US goods, bringing the surcharge on soy to 44 percent. American soybeans will now face 94 percent tariffs in China. China can afford to gamble with soy because it has increasingly turned to Brazil for its soy imports. Trump has issued the policies as executive decrees, denying Congress the right to weigh in on the matter. But Republican Congressman Don Bacon, Republican Senator Chuck Grassley and Democrat Senator Maria Cantwell are preparing to introduce legislation that would force Trump to notify Congress of any new tariffs. Nearly all of the American soybean exports to the EU come from Louisiana alone, the home state of Republican House Speaker Mike Johnson.
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Fucking aljazira keep changing their RSS feed format so it summarising video captions. If u wanna submit a pull request I would be greatful