EU is planning massive countermeasures against Trump-Zölle-what's coming now?
EU is planning massive countermeasures against Trump-Zölle-what's coming now?
The latest developments in international trade throw their shadows on the global economy. Vienna.at reports that the President of the European Commission, Ursula von der Leyen, on an EU Central Subject in Samarkand (Uzbekistan) announced the EU measures against the new US tariffs. These tariffs are classified as a severe blow for the global economy.
As part of these developments, the EU is working on a first package of countermeasures to protect the interests of the EU and the companies within the Union. The background of these countermeasures lies in the decision of the Trump administration to introduce a minimum tariff from 10% to most import goods, while 20% are due for goods from the EU.background of the trade conflict
The effects of these tariffs could not only burden the relationship between the EU countries and the USA, but also bring serious consequences for the global economy as a whole. The trade environment is increasingly shaped by high protective measures and trade policy tensions.
The EU faces the challenge of protecting its economic interests. A look at the trade data of the EU shows that in 2022 a trading deficit of 432 The billions of euros recorded, which is primarily due to the increasing energy prices. Nevertheless, the deficit could be reduced in the last quarters.
trading partner and their importance
The most important trading partners of the EU are France, Italy and Spain, with the United States the most common goal for EU goods exports. In 2022, the EU exported around 20% of its goods to the United States, followed by 13% to the United Kingdom and 9% to China. These numbers underline the importance of a stable trade relationship with the USA and indicate the possible economic consequences of the new customs regulations.
In summary, it can be said that the EU has to react quickly to protect its economic interests and to counter the challenges of an increasing trade conflict. The upcoming measures could significantly influence not only the EU, but the entire global economy.| Details | |
|---|---|
| Ort | Vienna, Österreich |
| Quellen | |
Kommentare (0)