Customs hammer from Trump: Trade war threatens-EU and China react!

Customs hammer from Trump: Trade war threatens-EU and China react!

Vienna, Österreich - On April 2, 2025, the US government under President Donald Trump plans to announce new tariffs on the so-called "Day of Liberation". This step was described by Trump as a measure against countries with trade surpluses compared to the United States. According to reports from vienna.at , the tariffs are laid out as "reciprocal Zölle", where oriented.

The estimated increase in tariffs is estimated to be around 20 percent, which could lead to additional income of over six trillion dollars that are to be used in perspective for tax refunds. However, this aggressive trade policy will not remain without reactions. The EU has already threatened with countermeasures and demands that they are in negotiations. China also expresses concerns and warns of the negative consequences of a potential trade war.

effects on the global economy

The upcoming customs hammer could have a significant impact on the global economic situation. Trade wars, such as those aroused between large trading partners, regularly lead to uncertainties in international markets. According to an analysis of nadr.de , such conflicts are often accompanied by higher import duties, trade restrictions and measures that are intended to promote domestic production. These developments can not only burden companies, but also drive up the prices for consumers, which ultimately reduces purchasing power.

The escalation of trade conflicts carries the risk that the economic situation at the global level is damaged. Forecasts indicate that growth in important economies could stagnate: China is expected for the year with a decrease of 0.5 percent, Germany with -0.3 percent and the USA with -0.2 percent. In order to alleviate these negative effects, a peaceful solution between the parties concerned is considered essential.

strategies for conflict coping

In the context of the upcoming customs increases, there are various approaches to manage trade conflicts. Experts advocate bilateral conversations for clarifying concerns and looking for compromises. It is also recommended to secure trade relationships by diversifying the trading partners and strengthen multilateral trade agreements. These steps could help reduce the uncertainty that bring the trade wars.

It is crucial for companies to diversify supply chains and invest in research and development in order to remain innovative and to counter the consequences of commercial wars. Governments in turn should create the framework conditions to promote bilateral and multilateral agreements to support economic stability.

It remains to be seen which specific measures the US government will announce on Wednesday and how the international partners will react to it. However, the forecasts are clear: trade wars can leave far -reaching damage not only for companies, but also on a global level.