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In an interview with CNBC on Tuesday morning, Trump boasted that tax revenues from China, the largest US trading partner, will jump from $100 billion to $250 billion or possibly $500 billion.
In its latest economic report released on Monday, the French central bank predicted that Europe’s economy would shrink by 0.4 percent in 202, and be in recession.
Germany and France are expected to fight add-ons ahead of a scheduled G-7 summit in Canada in June. Both countries are traditionally wary of Trump.
The US has among the lowest taxes on corporations among the developed world. The European Union is levying tariffs of 25 percent on U.S. steel and 10 percent on aluminum exports.
0] During this interval, a phase-out covering some items.
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