EU exposes tariffs: Trump suggests trade!

EU exposes tariffs: Trump suggests trade!

Donald Trump surprisingly withdrawn the introduction of flat-rate 20 percent tariffs to numerous trading partners, including the EU. This withdrawal could have far -reaching effects on international trade relationships. In the immediate response to Trump's decision, the EU decided to suspend its own tariffs, which was only introduced on Wednesday as part of a response to the US tariffs of 25 percent on steel and aluminum. EU Commission chief Ursula von der Leyen announced this in a statement. The EU member states support this decision that was made in the context of joint votes.

from the Leyen made it clear that the EU would like to give the United States a chance, warned that countermeasures could be taken if the conversations were dissatisfied. She also emphasized that tariffs are considered to be harmful to companies and consumers and campaigned for a zero-for-zero customs agreement between the EU and the USA. A corresponding proposal was sent to Trump on Monday, but received a negative reaction. Vol.at reports that ...

Current customs regulations and their effects

Before Trump retired his tariffs, new tariffs from 20 percent were already on exports to the United States, which came into force on April 9, 2025 at 6:01 a.m. CEST. These tariffs affect numerous countries with a high trade deficit to the United States and were introduced to the US special tariffs. Despite the latest changes, there are still critical voices that consider the calculation basis of the country list to be incorrect. In addition, Trump may plan special tariffs on goods that were previously excluded from the tariffs, including steel, aluminum, cars and auto parts. zdf.de notes ...

The aggressive trade policy of the US government has already led to a worldwide stock market crash and there is concern that a persistent trade conflict could plunge the global economy into a crisis. This customs conflict could not only affect direct exporters, but also companies that deliver raw materials, components or services to these exporters. According to an analysis, EU exports in the USA could be reduced by up to 50 percent in the USA, which would result in significant effects on various key sectors such as pharmaceuticals and the automotive industry.

long -term economic consequences

The simulations show that a flat-rate customs set of 25 percent on EU goods could reduce the EU's real gross domestic product (GDP) by an average of 0.25 percent. A decline of around 0.33 percent is estimated for Germany. In order to compensate for this loss, the EU could deepen its trade relationships with free trade partners such as Canada, Mexico and Japan. This strategy includes the reduction of non -collective bargaining barriers and improving the transport infrastructure.