“Even as European Union negotiators redoubled efforts to secure a trade deal with the United States, businesses in Europe face prolonged uncertainty that makes it difficult — and costly — for them to come up with plans,” the New York Times reports.
“The threat on Saturday from President Trump of a 30 percent tax on goods imported from the European Union leaves businesses facing tariff levels not seen since the end of the 19th century.
Worse, many say, is that they find themselves in limbo, unable to make decisions on strategy, hiring and investments.”