Trump's tariff escalation triggers a chain reaction, the EU will implement retaliatory measures.

In the United States, President Trump has pushed for a new round of trade protection policies, reinstating tariffs on steel and aluminum. In response, the European Union announced retaliatory measures against the US tariff actions. At the same time, stocks of the Trump Media Technology Group (DJT.US) under Trump's personal brand surged against the trend due to a "buy" comment, becoming the focus of the market. EU approves retaliatory measures against US steel and aluminum tariffs The EU Commission voted on Tuesday to impose equal retaliatory tariffs of 25% on the US steel and aluminum tariffs. According to a statement from the EU's executive body, these retaliatory tariffs will officially take effect on April 15. Although the final list has not been released, a leaked draft document from March showed that the EU's retaliatory tariffs will cover a wide range of US products, including poultry, cereals, clothing, and metal products. However, the EU has declined to comment further on the specific items involved. Furthermore, the US has imposed tariffs of up to 20% on almost all imports from the EU, further exacerbating the tensions in transatlantic trade friction. DJT stock surges due to Trump's "buy" call Despite the market falling for four consecutive trading days, Trump posted a strong "buy" recommendation on his own social platform, Truth Social, with the signature abbreviation "DJT," attracting market attention. It is worth noting that DJT is not only Trump's signature abbreviation but also the stock code of his media company, the Trump Media Technology Group. The company owns the Truth Social platform used by Trump. Just three minutes after the announcement, despite the market opening lower again, DJT's stock price rose against the trend, up more than 4% to $17.34. Advancing the "tax cut + spending cut" plan, Trump intensifies economic agenda While calling for the market to "calm down," Trump continues to pressure Congress to advance his economic agenda. He urged House Republicans to quickly pass a budget reconciliation bill involving massive tax cuts and fiscal spending cuts. "The House must pass the tax cut bill immediately, our country will usher in prosperity!" Trump wrote on the social platform, emphasizing once again the crucial importance of the "big and beautiful bill" he is promoting for the future of the US economy. It is reported that Senate Republicans approved the framework of the bill last weekend, with further review and approval required by the House. Under the shadow of tariffs, Christmas orders sharply decline On the trade front with China, Trump's tariffs have already affected the procurement of Christmas products for 2025. According to Reuters, about 87% of Christmas products imported into the United States last year came from China, with a total value of approximately $4 billion. However, as most orders usually need to be finalized before mid-April, several Chinese manufacturers have indicated that orders from the US this year have seen a rare "zero order" phenomenon.