Trump threatens 25% tariffs: EU is planning instant countermeasures!

Trump threatens 25% tariffs: EU is planning instant countermeasures!

In an exclusive appearance, US President Donald Trump has announced new tariffs on the import of cars and metal products that could significantly influence the international trade structure. During a press conference in his estate Mar-A-Lago in Florida, Trump said that the tariffs on cars may be 25 percent. This measure applies if companies do not produce in the United States. Trump plans to announce further details on these measures on April 2, he said. OE24 reported that also duties could not be specified on drugs, but the president could not be specified whether these measures would only apply to certain regions.

In addition, Trump imposed tariffs of 25 percent on steel and aluminum imports from all countries on Monday. When signing the corresponding decrees in the White House, he made it clear that there would be no exceptions, with a possible exception for Australia based on trade conditions. The EU Commission rightly responded immediately with the announcement of countermeasures. Ursula von der Leyen, President of the EU Commission, emphasized that the EU would react to these tariffs to defend its economic interests, as ZDF

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The new import tariffs ensure considerable tensions in the global steel market, which is already burdened by overproduction and fluctuating production capacities in Europe. The United States imports about a quarter of its steel used, with the main suppliers Mexico and Canada as well as Asian and European partners such as Japan and Germany. While the introduction of these tariffs is supposed to protect the American industry, it harbors the risk of commercial retaliation measures that Trump launched during his first term. The EU plans to react to the new specifications to the new requirements by reviving previously exposed tariffs to US products, such as Bourbon Whiskey and motorcycles.