Trump announces shocking 25% tariffs on EU products!

Trump announces shocking 25% tariffs on EU products!

US President Donald Trump made an alarming announcement at his first cabinet meeting in the White House: tariffs of 25 percent would be imposed on products from the European Union. “We'll be announcing that very soon, and it will be, generally speaking, 25 percent,” Trump said. This affects both cars and other goods from the EU and, according to the information from crown Come into force at the beginning of April. Trump is thus continuing to pursue his aggressive customs policy, which is primarily intended as a response to “unfair” trading practices by EU states.

The US has already imposed similar tariffs on goods from Canada and Mexico, highlighting a clear trend in Trump's trade strategy. The president also emphasized that the US will impose reciprocal tariffs if other countries, such as the EU, impose tariffs on US products. “If they impose a tariff or tax on us, we will impose exactly the same amount of tariff or tax on them, it's that simple,” he said last week during the signing of a corresponding memorandum.

EU reacts quickly and decisively

In advance of the threatened tariffs, the EU has already announced a “decisive and rapid” reaction. EU Trade Commissioner Maros Sefcovic said that there was “no choice” but to respond to possible punitive tariffs from the USA. According to the statement, this could be Small newspaper lead to unnecessary export barriers for companies and their employees, which could significantly strain trade relations between the two continents. Experts fear that these developments will have long-term negative effects on economic relations between the US and the EU.