The founder, president and chief executive officer of Altimeter Capital, Brad Gerstner, gives his reaction to the price announcement of President Donald Trump and the prospects for recession.
The president of the European Commission, Ursula, von der Leyen European Union is “ready to negotiate” with President Donald Trump on prices, noting that “we have offered zero prices for zero for industrial goods”.
Speaking on Monday in Brussels, the head of the EU executive branch called Trump’s economic policy A “major turning point for the United States”.
“These prices come above all to immense costs for American consumers and businesses, but at the same time, they have a massive impact on the world economy. In particular developing countries,” she said.
“Nevertheless, we are ready to negotiate with the United States. Indeed, we have offered zero-zero prices for industrial goods, as we have done with many other business partners, because Europe is still ready for a good deal. We therefore keep it on the table,” she added.
Trump threatens to add 50% prices to China if the reprisal prices are not abandoned
President of the European Commission Ursula von der Leyen and President Donald Trump (Thierry Monasse / Andrew Harnik / Getty Images)
Von der Leyen also declared “in parallel, we prepare a potential list for reprisals and other reprisals if necessary” and that “we prefer to have a negotiated solution”.
“We are going to create a working group on importing of imports. We will work with industry to ensure that we have this basis of evidence necessary for our political measures,” she also said. “And we will stay in very narrow contact to minimize the effects of our actions on each other.”
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President Donald Trump is organizing a painting during a “Make America Riche America” event in the White House on April 2. (SOMODEVILLA / GETTY Images)
His remarks come after Trump announced new 20% prices on EU imports last week.
“Prices are taxes that will be paid by the people. Prices are taxes for Americans on their grocery store and medication.
President Donald Trump speaks at a meeting of the cabinet at the White House on March 24, 2025. (Win McNamee / Getty images)
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Trump said Sunday That “we have massive financial deficits with China, the European Union and many others. The only way that this problem can be cured of the prices, which now bring tens of billions of dollars in the United States, they are already in force, and a good thing to see”.
Anders Hagstrom de Fox Business contributed to this report.
