Trump brings trade war: tariffs on China and impending EU measures!

Trump brings trade war: tariffs on China and impending EU measures!

In the middle of the turbulent trade conflicts between the USA and China, the US post has decided not to let any parcels from China and Hong Kong into the country for the time being. This drastic measure primarily affects deliveries of goods ordered online, while letter shipments remain unaffected. For the time being, the US post has not announced any details of the motives, as krone.at . The new situation in particular raises questions about the previously applicable de-minimis regulations, the packages with a value of less than $ 800 of payment. This regulation enabled Chinese online retailers such as Temu and Shein to deliver their goods straight to the USA, which could change now.

President Donald Trump also announced the introduction of additional tariffs to imports from Mexico, Canada and China at the weekend. An additional custom of ten percent is due on the import of goods from China, while products from Mexico are occupied with 25 percent and energy deliveries from Canada with ten percent. Despite a temporary suspension of the tariffs on Mexican products, the EU is concerned about possible further measures, since Trump has already announced that it also has a target to target EU exporters. As tagesschau.de , the EU expects not only to destabilize the trade in the USA, but also to cause Europe-wide economic disorders, which in turn heat the inflation.

consequences for the European Union

The EU has already announced measures to react to Trump's aggressive customs policy. EU Commission President Ursula von der Leyen said that the Union was willing to negotiate in order to precede an escalation and that the tariffs inevitably increase business costs and put a strain on jobs and consumers. Especially Germany, as the most important trading partner of the United States in Europe, could be severely affected by a possible increase in tariffs, since German car manufacturers such as VW, Audi and BMW could be directly in the market -oriented terror.

The concerns about European exporters are not unfounded because Trump's tactics aim to put the EU under pressure. The EU has signaled that it is willing to buy more liquid gas from the USA to avert possible customs measures. Chancellor Olaf Scholz pointed out that the EU will react to unfair customs practices if necessary. In the middle of these tensions, the trade landscape will continue to be characterized by uncertainties that could affect both companies and consumers.