Trump threatens tariffs: EU is preparing for increases!

Trump threatens tariffs: EU is preparing for increases!

The focus of international trade relations is now on the USA and the EU after President Trump announced that he would introduce additional tariffs of up to 25 percent on products from the EU in April. This step follows the threat of tariffs that Trump has brought into play in connection with unfair trade practices that he sees, particularly against EU countries. “If they impose a tariff or tax on us, we will impose the exact same amount of tariff or tax on them,” Trump said two weeks ago when signing a corresponding memorandum. This decision, how vienna.at reported could have serious consequences for trade between the two regions.

The EU is already reacting forcefully to Trump's announcements and announced a "decisive and rapid" response to the possible punitive tariffs. "To protect European interests, we would have no choice but to respond decisively and quickly," said EU Trade Commissioner Maros Sefcovic. This signals an escalation in the trade conflict and could lead to unnecessary export barriers on both sides of the Atlantic, as also reported by APA/AFP highlighted. These tariff measures are also likely to have a direct impact on consumers in Europe, who may be affected by higher prices. Therefore, it is recommended that you educate yourself on customs regulations, particularly through customs calculators that can help you better understand potential costs and tariff rates for US imports.

Important considerations when importing from the USA

When importing goods from the United States, it is crucial to know the applicable duty rates and fees in advance. A US customs calculator can help to correctly value the products, but depends on the exact incoming goods valuation. It is important to note that German customs do not charge fees below 5 euros, which could be a concern for buyers for large orders. In order to avoid unpleasant surprises upon the arrival of the ordered goods, it is recommended to check directly with customs before making large orders in order to correctly assess the specific duties and fees. This way you stay on the safe side in the jungle of customs regulations.