EU prepared to act if US tariff talks fail
By: bitcoin ethereum news|2025/05/15 16:00:15
0
Share
German Finance Minister Lars Klingbeil told the parliament on Thursday, “we must respond to the US tariffs with unity and determination.” “We expect that the negotiations ... will lead to a good result, but I would also like to make it very clear that we are prepared to act if this does not succeed,” he said. Market reaction At the time of writing, EUR/USD is trading 0.32% higher on the day near 1.1210. Tariffs FAQs Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas. Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers. There are two schools of thought among economists regarding the usage of tariffs. While some argue that tariffs are necessary to protect domestic industries and address trade imbalances, others see them as a harmful tool that could potentially drive prices higher over the long term and lead to a damaging trade war by encouraging tit-for-tat tariffs. During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariffs. He also plans to use the revenue generated through tariffs to lower personal income taxes. Source: https://www.fxstreet.com/news/germanys-klingbeil-eu-prepared-to-act-if-us-tariff-talks-fail-202505150729
You may also like

AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition
When Bezos starts using AI to buy factories instead of building data centers, it shows that he believes the next wave of AI's value is not inside the box.

When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer
Hardness is a protocol-level commitment to Ethereum core properties, including censorship resistance, privacy, security, and permissionlessness.

Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1
The real enemy is no longer each other, but zero cost itself

$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor
Bezos doesn't invest in a new model; he invests in a supply chain.

Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.
No brand, no marketing, let developers vote with their feet in 8 days

Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.
During a weekend of relentless volatility, while traditional financial markets were closed, another wave of investors was busy trading gold, oil, and silver on a blockchain platform.

Is the Market Slump Still Making Millions a Day? Is pump.fun's Revenue Real?
If it's really that profitable, what's keeping $PUMP's price down?

Understanding x402 and MPP in One Article: The Two Paths of Agent Payments
x402 for in-protocol payments, MPP for off-chain payments

Quick Look at the Latest 18 Graduation Projects from Alliance: Who's the Next Pump.fun?
The project's core innovation areas include stablecoin payments, AI applications, prediction markets, and RWA tokenization.

It's not just the prediction market that profits from the Iraq War
Always maintaining the ambiguity of regulation with "offshore" may be the consensus of the perp DEX.

The "bank card" of AI has caught the attention of the giants
AI has not learned how to spend money yet, and the people who fix banks for it have already arrived.

Morning News | U.S. SEC approves tokenized trading on Nasdaq; Animoca Brands announces investment in AVAX tokens; Algorand Foundation completes strategic integration
Overview of Important Market Events on March 19

$70 trillion wealth transfer, the financial gateway is being rewritten | Interview with Robinhood CEO Vlad Tenev
The next key competition in the financial sector may revolve around where the "intergenerational wealth transfer" of up to $90 trillion will ultimately flow.

Whale Opens 20x Oil Short on Hyperliquid With 5.6M USDC at Risk
Key Takeaways A significant leveraged short position on crude oil has been initiated on Hyperliquid using 5.6 million…

Bitcoin: The Ultimate Hedge Against Chaos
Key Takeaways Michael Saylor, co-founder of Strategy, firmly believes Bitcoin is the ultimate hedge against macroeconomic chaos. Strategy…

“Set 10 Major Targets First,” Whale Reopens Long Positions in Bitcoin
Key Takeaways A prominent cryptocurrency whale known as @Jason60704294 has reopened a long position in Bitcoin. The whale…

Analysis: Despite Bitcoin’s Price Dip, Bullish Trends Persist
Key Takeaways Despite Bitcoin’s decline below $71,000, its bullish momentum remains strong, with significant buying activity from ETFs…

DeFi Protocol Neutrl Faces Potential Security Breach
Key Takeaways The DeFi protocol Neutrl has reported a suspected attack on its front-end interface, urging users to…
AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition
When Bezos starts using AI to buy factories instead of building data centers, it shows that he believes the next wave of AI's value is not inside the box.
When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer
Hardness is a protocol-level commitment to Ethereum core properties, including censorship resistance, privacy, security, and permissionlessness.
Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1
The real enemy is no longer each other, but zero cost itself
$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor
Bezos doesn't invest in a new model; he invests in a supply chain.
Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.
No brand, no marketing, let developers vote with their feet in 8 days
Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.
During a weekend of relentless volatility, while traditional financial markets were closed, another wave of investors was busy trading gold, oil, and silver on a blockchain platform.