Trump announces impending tariffs: EU under pressure until July 9!

Trump announces impending tariffs: EU under pressure until July 9!

Washington, USA - President Donald Trump has announced new, drastic tariffs that were released on a board. These tariffs will be communicated in the form of letters to the affected trading partners in the coming week. Trump announced that the letters will be sent on Monday and that it could probably affect around twelve recipient countries. The tariffs are said to be between 10 and 70 percent, whereby the EU is particularly in focus.

Trump threatened the European Union that import duties of 50 percent will be taken from July 9, 2025 if no agreement has been reached by then. A deadline for other countries applies until July 8, 2025. This announcement comes after a previous phase, in which Trump introduced high customs surcharges against numerous states, but had reduced to 10 percent for three months to enable negotiations. The customs set for cars is currently 25 percent, while up to 50 percent are due on steel and aluminum products. Krone reports that the EU trade commissioner Maros Sefcovic described the last week in Washington as "productive" and the pressure on the negotiators continues to increase.

tensions with the EU

on his Truth Social platform, Trump expressed that the difficult negotiations with Brussels are progressing. He described the EU's foundation as a strategy to exploit the USA policy policy. Critics criticize trade barriers, including VAT and punishments for US companies. Trump emphasized that tariffs are not being raised if the products are manufactured in the USA. Tagesschau quotes Holger Schmieding from Berenberg Bank, which describes the situation as a "considerable escalation" of the trade voltages. It remains unclear whether the threatened 50 percent tariffs actually come into force.

In addition, Trump threatens the tech giant Apple with import taxes of 25 percent if the production of the iPhone is not shifted to the USA. The financial markets are already responding to these developments with a decline in European stock markets by about three percent and a minus in the DAX of around two percent. The euro is also under pressure, while secure facilities, such as German government bonds, are becoming more important.

economic effects on the EU

The effects of a customs conflict with the USA could be serious, especially for EU companies. An analysis shows that not only direct exporters are affected, but also companies that provide raw materials and services to these exporters. A simulation of a quantitative model indicates that a flat rate of 25 percent on EU goods could reduce exports to the USA by half in the long term. Sectors such as pharmaceuticals, transport equipment and electronics would have been hit particularly hard. According to an examination of the diw Could the EU's real GDP drop by 0.25 percent, whereby Germany should expect a decline of around 0.33 percent.

However, the EU also has strategies to compensate for possible losses from threatened tariffs. It is recommended to deepen trade relationships with free trade partners such as Canada, Mexico and Japan. This could be done by reducing non -collective bargaining barriers, improving the transport infrastructure and regulatory cooperation. diw shows that long-term GDP profits would be possible for all EU member states through such a strategy.