Author: France 24

US President Donald Trump said that 25% duties on goods from Mexico and Canada will start on Tuesday, with “no room left” for a further delay.  His announcement sent Wall Street stocks tumbling, with the Dow Jones Industrial Average plunging as puch as 800 points. European defence stocks surged earlier on Monday as leaders pledged to boost military spending in the face of uncertainty over the US’s commitment to support Ukraine. 

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The EU’s trade chief has said the bloc was interested in having trade deals with the United States, but would react swiftly if the US went ahead with unilateral tariff hikes. Addressing a business meeting ahead of talks with officials, Commissioner Maros Sefcovic rejected President Donald Trump’s claim that US-EU trade ties were unfair, saying the overall picture was “very balanced”. Also on the show: Apple unveils a new, budget iPhone with AI features. 

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During his visit to Washington, French President Emmanuel Macron argued against US President Donald Trump’s protectionism, saying he couldn’t have a trade war with China and Europe at the same time, and adding that it would make Europe’s bid to be less reliant on US defence more complicated. Meanwhile, EU members are preparing their response to US tariffs. Also in this edition, we report on how young Indians are increasingly turning to cryptocurrency trading to complement incomes that aren’t keeping pace with the country’s booming growth rates.

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