Trump announces Zölle: Is there a commitment to the EU?

Trump announces Zölle: Is there a commitment to the EU?

President Donald Trump announced an impending escalation in international trade, which could manifest itself in the form of new punitive tariffs. The implications of this decision are far -reaching because the United States is the central economic partner for Europe, especially for Austria, which is strongly dependent on export. Igor Sekardi from the industrial association underlined the importance of trade relationships and warned of the negative consequences that could have such tariffs on transatlantic trade, as reported.

The tariffs meet several purposes, including the pressure on Canada, Mexico and China, to take measures against the smuggling of drugs and the problem of illegal migration. For companies in Germany, especially for the auto industry, the new tariffs could mean considerable economic pressure. These companies, such as Volkswagen and BMW, produce some in Mexico and now have to expect increased costs. Industry expert Stefan Hecht from the management consultancy Advyce & Company pointed out that the auto industry could suffer from higher import costs, which endangers competitiveness, such as wdr reported.

The previous tariffs that Trump introduced as part of his office in office also hit European products hard. The US President threatens to expand the tariffs to EU goods, which would be particularly painful for European companies that are in direct competition with US producers. Trump justifies his decisions with the claim that the EU had treated the United States unfairly. The economic consequences could lead to immense faults and trigger a trade war between the United States and Europe, which would strongly influence both the US market and global trade.