The Full Story

March 12, 2025: The EU’s Tariff Tantrum: Can They Afford It?


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Join us as we break down the impact of Trump’s 25% tariffs on aluminum and steel, now officially in effect, and what they could mean for U.S. businesses. We also dive into the EU’s counter-tariffs, analyzing how they could play out in a region with an economy one-third smaller than the U.S.—and whether they’ll be forced to turn to alternative suppliers or rely on their longtime adversary, Russia.

We also explore the broader geopolitical stakes, including whether these tariffs could affect U.S. military aid to Europe. If EU nations want to tax American goods, should they still expect American security guarantees? With new tariffs reshaping the economic landscape, is it time for Europe to invest more in its own defense?

Finally, in "This Day in History," we take a look at March 12, 1894, when Coca-Cola was bottled for the first time in a small candy store in Vicksburg, Mississippi—a decision that helped turn it into one of the most recognizable brands in the world.

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The Full StoryBy Matthew Bishop