In the debate about tariffs, the Europeans were united on at least one thing: nobody wants tariff tensions with the US to escalate into a trade war.
We live in a time of tariffs. In the wake of US tariffs on steel and aluminum, the EU has made several counter moves. The latest sees the bloc placing tariffs on steel imports which exceed quotas set at existing levels.
Global trade tensions have been brewing for months with tariffs and counter-tariffs flying between the US, China and several other countries. The US government has now challenged some of the tariffs at WTO level.
Despite reciprocal tariffs being imposed by the US, China and the EU, many economists think there is still only the threat of an all-out trade war. So what happens if tensions escalate further?
Airbnb has been handed an ultimatum by the European Union, who have instructed them to abide by their rules or risk financial penalties. According to the EU Commission, Airbnb's pricing is not sufficiently transparent.
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