EU Planning Concessions to Avoid US President Trump's Tariffs
Amid what is ongoing geopolitical uncertainty, the European Union (EU) is reportedly planning concessions it is willing to make to US President Donald Trump to ensure the removal of his recent tariffs. Indeed, the union is planning a ‘term sheet’ of those concessions, according to a new Bloomberg report. Since his return to the White House, Trump has sought to balance trade for the country. Those import taxes have already hit the bloc and are poised to increase in early April. The move has gotten varied responses, with Jim Cramer recently coming to support the plan. Specifically, he said that the push for free trade has “cost us fortunes.” JUST IN: European Union to make trade concessions to avoid President Trump's reciprocal tariffs. pic.twitter.com/0zoi1bIQr6 — Watcher.Guru (@WatcherGuru) March 28, 2025 Also Read: De-Dollarization: 10 US Sectors Vulnerable To Tariffs & Dollar Decline EU Planning ‘Term Sheet’ of Concessions to Secure Trump Tariffs a...