Trump suggests a customs attack: threatens a global trade war?

Trump suggests a customs attack: threatens a global trade war?

President Donald Trump announced new tariffs on imports that are now valid. In particular, an inch of 20 percent is raised to imports from the EU, which could lead to a potential trade war that could destabilize the global economy. In his announcement, which was described as historical and decisive for the US industry, Trump announced that it would plan a decree for reciprocal Zölle "for the whole world". According to vienna.at , the customs quota for China is 34 percent, while the minimum customs is set.

The counter -tariffs feared in advance have already been promised by Canada and the EU. Trump's tariffs could increase the prices for consumers and heat inflation. While an increasing number of US citizens, around 44 percent, supports Trump's trading course, others are concerned about the possible negative effects and the escalating trade conflict on European consumers.
The throttling of exports could particularly burden companies and lead to declining sales.

response to Trump's announcement

The current domestic political situation forces Trump to present success, while the US economy shows signs of a crisis. The trade conflict also affects agriculture, which becomes a central battlefield in the trade war. Experts warn of the possible counter reactions of the EU on the US import duties that could have an impact on the agricultural trade of both continents. Customs on US corn could increase prices and favor farmers, but would put a strain on the feed sector, which would present the USA with considerable challenges, so topagrar.com .

experts also point out that Trump's customs policy can lead to global economic uncertainties. ​​IHK.de makes it clear that Trump's new tariffs on cars and auto parts that come into force on March 26, 2025 are additional burdens compared to existing tariffs. Customs on cars could be 25 percent, which justifies the protection of the US automotive industry under the guise of national security.

future effects

The EU has already started taking measures to protect its companies and consumers. Existing EU rebalancing measures from 2018 and 2020 are put back into force. As part of these measures, new counter-tariffs for US exports worth over 18 billion euros could be possible by mid-April 2025.

These developments could not only burden transatlantic trade, but also destabilize the global supply chains and lead to an influence on the German economy, which is strongly dependent on the export -oriented market. If the tariffs increase further, this could result in both sales chokes and increasing investments.

The current situation remains tense because the undyed effects of tariffs remain on both the economy and the international trading market.