WASHINGTON, DC – Concerns about inflation from U.S. tariffs isn’t over yet. Europe is bracing for a potential trade showdown with the U.S., as an American tariff on Chinese imports takes effect today.

The President of the European Commission says she wants to start negotiations with the U.S. early.

Meanwhile talks with Beijing are expected soon. China is retaliating now that American companies must pay 10% extra on Chinese imports. Beijing is issuing tariffs on certain items from the U.S. and creating export controls.

President Trump did pause tariffs against Canada and Mexico for at least 30 days.