Trump threatens the EU with 50%tariffs: does the trade war come?

Trump threatens the EU with 50%tariffs: does the trade war come?

USA - President Donald Trump has announced that they can raise new tariffs of 50 percent from the European Union from June 1. This is a response to stagnant trade negotiations and, according to Trump, is intended to increase the pressure on the EU, from its "trade barriers" and "absurd corporate penalties". Trump emphasized that he was not looking for a "deal" because the United States had already set its own plan. This aggressive trade policy leads to concerned reactions in Europe.

In response to Trump's threat, Bernd Lange, the chairman of the trade committee in the EU Parliament, expressed that the EU was willing to take appropriate countermeasures. "The EU's economic strength remains undisputed," said long. Volker Treier from the German Chamber of Commerce and Industry also warned of the considerable negative consequences that the tariffs could have for the German economy.

negative effects on the financial markets

The Financial Markets were clearly concerned about Trump's announcements: the DAX fell by up to 3 percent, but easily recovered to the end of the trade. Economic Minister Katherina Reiche appealed to the need for a negotiating solution and pointed out the potential risks that tariffs would bring. Federal Foreign Minister Johann WadePhul also took a stand and explained that there would be no beneficiaries of these tariffs and that he would support the position of the EU Commission.

The international press also warns of the far -reaching negative effects on the global economy. Media reports, such as the Irish newspaper "The Irish Times", criticize the one-sided concessions that the United States expect from the EU, and see the introduction of 50 %tariffs as unrealistic, as this could also be difficult for the US economy. The British newspaper "The Telegraph" also warns of a possible trade war that would damage both sides.

trade conflicts and their global implications

Trade wars that are triggered by tariffs and trade restrictions have become more important in recent years. These conflicts lead to an increase in production costs for companies and can ultimately affect competitiveness. Consumers could also have to pay higher prices for imported goods, which limits their purchasing power. According to Nadr's report, such tensions have already negatively influenced the trade volume between countries such as the USA and China.

Overall, both the US and the European economy faces significant challenges. Forecasts indicate potential growth of -0.2 % in the USA, -0.3 % in Germany and -0.5 % in China. Experts recommend promoting the governments of bilaterally and multilaterally stronger trade agreements in order to counteract the consequences of trade conflicts.

The EU Commission has announced that they initially do not want to comment on Trump's threat and to wait for upcoming discussions between EU and US trade representatives. The Polish Minister of Commerce Michal Baranowski remained somewhat calm and referred to upcoming conversations, while EU trade commissioner Maroš Šefčovič emphasized the establishment of respectful trade relationships and hopes that a mutual deal will come about.

With the present developments, the trade conflict between the USA and the EU could result in far -reaching consequences for the markets and global economic stability.

op-online
T-Online
nadr