Trump sparked customs war: EU counters with retaliation tariffs!
Trump sparked customs war: EU counters with retaliation tariffs!
Trade relationships between the United States and the European Union (EU) are under pressure due to the new tariff of US President Donald Trump. On March 12, 2025, a regulation came into force on steel and aluminum imports from the EU. The EU Commission does not leave this decision inactive, because in response, it announced retaliation tariffs to popular US products such as whiskey, motorcycles and boats, which should apply from April, such as kosmo> reported.
Trump's argument is based on national security because it potentially endangers the United States by increasing imports from the European region. He also blames China, which floods the market with cheap metal. Statistics show that around a quarter of the steel used in the USA and more than 40 percent of the aluminum are imported. It is particularly noteworthy that Trump planned to increase the tariffs on Canada's steel and aluminum imports to 50 percent before they were reduced to 25 percent after Ontario exposed an increase in electricity price. This creates considerable uncertainty in the companies concerned.
economic effects
The economic effects of these tariffs could take considerable dimensions. According to a study by the Institute for the global economy, the US economy could be heavily burdened by these measures, since many companies would be affected by the scaffolding. The EU exports around 10 percent of its steel and 15 percent of its aluminum to the United States, which means that the United States is a decisive market for European producers, such as Spiegel.de
Trump's announcement that the tariffs are expanded directly to European partners could lead to an escalation in trade relationships. These new tariffs, which are referred to as mutual tariffs, aim to correct a retail weight. The situation remains tense because Trump accuses the EU to treat the USA unfairly and target further trade barriers. A comprehensive customs circuit against EU partners is already planned for April 2, and the political tensions could still be intensified.
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| Ort | Brüssel, Belgien |
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