Customs war threatens: Trumps 30 percent could hit Europe strongly!
Customs war threatens: Trumps 30 percent could hit Europe strongly!
Frankfurt (Oder), Deutschland - The trade dispute between the USA and the EU is drawing ever larger circles and ensures concern on both sides of the Atlantic. US President Donald Trump has threatened with a 30 percent customs to European goods, the entry into force of which has been announced for August 1, 2025. This step could have serious effects on the German and European economy. Radioins reports that Federal Chancellor Merz warns of the possible consequences.
In the middle of this tense situation, the EU Commission chief Ursula von der Leyen continued the negotiations. Bernd Lange, chairman of the trade committee in the EU Parliament, calls for clear countermeasures to protect European industry. The pressure on Trump must be maintained in order to avert the impending tariffs, so long.economic threat from high tariffs
The discussions about the possible US tariffs are not just a theoretical construct. A maximum of 30 percent inches could make transatlantic trade almost impossible, warned EU trade commissioner Maros Sefcovic. Tagesspiegel reports that such increases are equivalent to a factual trade ban. Accordingly, the EU is preparing counter -tariffs for imports of American products worth 72 billion euros, should not be reached.
SEFCOVIC emphasizes that the EU continues to strive for a negotiating solution by the beginning of August. It is interpreted that the VR preparations for counter-tariffs also include a list of US products that could primarily be affected, such as planes, cars and bourbon whiskey. This list originally comprised imports worth 95 billion euros, but was revised without Sefcovic being able to reveal more details about the deletions.
The seriousness of the situation and its consequences
The possibility of massive customs increases makes many companies take notice in the EU. The risk of chaos and mass layoffs is in the room if the announced tariffs actually come into force. This not only means a threat to European industry, but could also put a lasting strain on relationships with one of the most important trading partners. ZDF reports on the effects of 30 percent on transatlantic trade.
In addition, the EU plans to introduce restrictions on certain exports of steel scrap and chemical products worth 4.4 billion euros to the USA. The new EU instrument that is directed against compulsory measures could affect the access of US companies to public orders in the EU, which would further burden the relevant trade relationships.
The global economic connections that reached a value of around 1.7 trillion euros in 2024 are on the brink. While the EU recorded a surplus of around 198 billion euros in goods trading, the service sector shows a different picture, which shows the trade deficit of 50 billion euros with the USA. The negotiation of a fair agreement before August 1st is not only in mutual interest, but also a necessity to protect the economic stability on both sides of the Atlantic.
| Details | |
|---|---|
| Ort | Frankfurt (Oder), Deutschland |
| Quellen | |
Kommentare (0)