Épisodes

  • US EU Trade Tensions Escalate: Critical Tariff Deadline Looms as Negotiators Race to Prevent Massive Economic Disruption
    Jul 7 2025
    Listeners, today’s top story centers on the rapidly evolving tariff standoff between the United States and the European Union. Tensions have escalated as President Trump’s administration pushes to finalize new trade agreements, with the clock ticking toward an August 1 deadline. Without a deal, tariffs on EU goods could spike as high as 50%, sweeping in everything from French cheese and Italian wine to German electronics and cars. Negotiators met throughout the weekend, and the pressure is mounting on both sides to strike an accord before the punitive measures kick in, as reported by DW.

    Back in April, President Trump declared a national emergency over what he characterized as unfair foreign practices, invoking the International Emergency Economic Powers Act to levy a 10% tariff on imports from all countries, including those in the EU. This universal tariff was set for April 5, and in addition to these blanket duties, the administration pledged individualized, higher tariffs for countries with which the U.S. runs its largest deficits. For the EU, this has meant negotiations to not only accept the 10% baseline but to seek exemptions or lower rates for key sectors such as pharmaceuticals, alcohol, and semiconductor exports, along with quotas and auto and metal carve-outs. According to the White House, these tariffs will remain until the administration determines the trade deficit threat is addressed.

    Over the last three months, there was a temporary pause on the steepest country-by-country tariffs, which had ranged from 10% to 50%. That reprieve ends July 9, and according to Time Magazine, the EU is rushing to secure at least an agreement in principle with the U.S. European Commission President Ursula von der Leyen confirmed last week that reaching a full, detailed deal with Washington before the deadline would be “impossible,” but signaled optimism for a basic framework agreement.

    Meanwhile, the EU stands ready to retaliate if U.S. duties are enacted. Brussels has delayed the introduction of reciprocal tariffs on U.S. goods, but without progress, products from American whiskey to tech components could soon face extra duties when entering the European market, referencing updates from the Trade Compliance Resource Hub.

    The stakes are massive: Eurostat data cited by DW pegs daily trade in goods and services between the EU and the U.S. at nearly €4.6 billion. Both governments know that prolonged tariffs at the current or higher rates would reverberate through global supply chains and put upward pressure on consumer prices—concerns that have business and industry groups on high alert across both continents.

    Keep an eye out for breaking news in the next 48 hours. Significant announcements from both sides are anticipated, as negotiators face one of the most consequential trade deadlines in years.

    Thanks for tuning in to European Union Tariff News and Tracker. Be sure to subscribe so you don’t miss the latest developments. This has been a Quiet Please production, for more check out quiet please dot ai.

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    3 min
  • US-EU Trade War Looms: Trump Threatens 50 Percent Tariffs as Transatlantic Tensions Escalate in July 2025
    Jul 6 2025
    Listeners, as we head into the week of July 7th, 2025, the transatlantic tariff landscape is fraught with tension, uncertainty, and major headlines surrounding US and European Union trade relations. The possibility of sweeping tariff hikes is dominating the agenda, and new developments are set to shape how goods will move between the world’s two largest economic blocs.

    This Monday, all eyes are on whether President Trump will follow through on his threat to increase tariffs on EU exports to the United States to a staggering 50 percent. According to ABC News, this would represent a dramatic escalation, impacting everything from French cheese and Italian leather to German electronics and Spanish pharmaceuticals. The president first imposed a 20 percent tariff on all EU-made products back in April, only to reduce it temporarily to 10 percent to allow for negotiations and calm jittery financial markets. Now, with the July 9 deadline for further action looming, Trump has made it clear he is willing to raise rates to 50 percent if talks stall, citing frustration with the EU’s stance at the bargaining table.

    European leaders have responded with a mix of hope for a last-minute deal and stern warnings of retaliation. The European Commission says it has prepared a broad set of countermeasures, including tariffs on hundreds of American products ranging from beef and auto parts to beer and Boeing airplanes. There is also talk that the US could offer exemptions for some goods, which might pave the way for a compromise, but the risk of a full-scale tit-for-tat trade war remains high.

    The EU has also delayed implementing its own set of reciprocal tariffs on US-origin goods, which were initially threatened to start in June but are now postponed until July 9. If enacted, these duties could reach as high as 50 percent on certain American products, according to the Trade Compliance Resource Hub. In the event of escalation, further duties ranging from 4.4 percent to 50 percent may be imposed on about €8 billion worth of US goods. Additionally, new 25 percent ad valorem tariffs on select US goods are scheduled for August 14 if no resolution is reached.

    On the economic front, the European Commission’s spring forecast signals that a general tit-for-tat escalation would hurt both economies, with the US facing the more pronounced slowdown. For the EU, the direct hit to GDP is more moderate, but higher import prices and tighter financial conditions are likely as uncertainty rattles investors.

    Steel and aluminum remain under separate quota arrangements, and US Customs and Border Protection continues to manage tariff rate quotas for EU metals. Updated limit tables for 2025 were published in March, underscoring ongoing industrial friction beneath broader tariff threats.

    Listeners, these rapidly evolving developments will affect the cost of everyday goods and the pace of economic recovery on both sides of the Atlantic. We’ll be back with updates as the July 9 deadline approaches and negotiations continue. Thank you for tuning in, and don’t forget to subscribe to keep up with the latest on the European Union Tariff News and Tracker. This has been a quiet please production, for more check out quiet please dot ai.

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    3 min
  • US EU Trade Tensions Escalate: Potential 50% Tariffs Loom as Deadline Approaches with Critical Negotiations Underway
    Jul 4 2025
    As we approach the deadline for potential new tariffs between the United States and the European Union, tensions remain high. The EU has been engaged in a delicate dance with the U.S., particularly since President Trump's declaration of a national emergency to address trade deficits. On April 5, 2025, President Trump imposed a global 10% tariff on all U.S. imports, which was followed by an announcement to impose higher, country-specific tariffs on countries with significant trade deficits, though these were later delayed.

    The European Union had been facing the possibility of a 20% tariff on its exports to the U.S., but this has been delayed until July 9, 2025. The EU has countered with its own set of tariffs, considering imposing duties on approximately €95 billion worth of U.S. imports in response to U.S. automotive tariffs and other trade policies. These tariffs could include a 25% ad valorem duty on most products, with some facing a reduced rate of 10%.

    European Commission President Ursula von der Leyen has emphasized the EU's desire to strike a trade deal in principle by July 9, mirroring the agreement the U.K. has with the U.S. This deadline is crucial as President Trump has threatened to impose reciprocal tariffs of up to 50% on most EU goods if no agreement is reached.

    The ongoing trade tensions have significant macroeconomic implications, with both the U.S. and EU economies expected to feel negative effects from the tariffs. The EU has also been considering export restrictions on certain products like steel scrap and chemical products in response to U.S. actions.

    As we move forward, listeners should stay tuned for updates on these negotiations and potential tariff changes. The stakes are high, and the outcome will significantly impact trade relations between these economic giants.

    Thank you for tuning in to this episode of "European Union Tariff News and Tracker." Don't forget to subscribe for more updates on EU tariffs and trade news. This has been a quiet please production, for more check out quiet please dot ai.

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    2 min
  • Trump Threatens 50 Percent EU Tariffs as Transatlantic Trade Tensions Escalate Ahead of Critical July 9 Deadline
    Jun 30 2025
    Welcome to the European Union Tariff News and Tracker. Today is June 30, 2025, and there are major developments listeners need to know regarding tariffs between the United States, President Donald Trump, and the European Union.

    The biggest headline right now is President Trump’s threat to impose a sweeping 50 percent tariff on all goods imported from the European Union starting July 9 if a comprehensive trade deal is not reached. The Irish Times reports that while negotiations are ongoing, European officials expect at least a 10 percent baseline tariff on EU goods entering the US will remain in place, even if an agreement is reached in time for the deadline. This represents a significant escalation in the US-EU trade relationship, with critical implications for exporters, importers, and consumers on both sides of the Atlantic.

    President Trump previously signed a proclamation increasing Section 232 tariffs on steel and aluminum, doubling rates from 25 to 50 percent for many products, effective since June 4. The White House has stated these moves are designed to counter what the Trump administration calls unfair trade practices and to protect US industry, especially in sectors deemed vital to national security.

    The European Union, for its part, has signaled readiness to introduce reciprocal tariffs in response. A recent trade compliance update highlights that the EU’s response, initially threatened for June 1, has now been delayed but is expected to go into effect on July 9 to align with the US deadline. The European Commission has already prepared for additional duties ranging from 4.4 percent up to 50 percent on up to 8 billion euros worth of US-origin goods, targeting key sectors such as alcohol, including champagne and wine, as well as other American products.

    Negotiations are complicated by rising uncertainty and a more protectionist tone on both sides. According to the European Commission’s Spring 2025 Macroeconomic Forecast, the ongoing tariff threats and tit-for-tat measures are expected to have a moderate but negative effect on EU GDP. The Commission warns that continued escalation, especially if followed by investor uncertainty, could further tighten financial conditions and deepen the economic impact for both economies.

    While there have been ongoing statements from EU leaders, including Commission President Ursula von der Leyen, indicating that dialogue remains open and that the EU is not ruling out a negotiated settlement, the path forward is highly uncertain. Industry groups and economists are watching closely for any sign of breakthrough or additional escalation as the July 9 deadline approaches.

    Thanks for tuning in to the European Union Tariff News and Tracker. Be sure to subscribe to stay on top of the latest developments in transatlantic trade policy. This has been a quiet please production, for more check out quiet please dot ai.

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    3 min
  • US EU Trade War Escalates: Trump Doubles Steel Tariffs and Imposes New Broad Import Duties Sparking Retaliatory Measures
    Jun 29 2025
    Welcome to European Union Tariff News and Tracker. The headlines this week are focused on the escalating tariff tensions between the United States and the European Union, driven by recent moves from President Donald Trump’s administration.

    On June 4, 2025, President Trump doubled down on tariffs, increasing the tariff on steel and aluminum imports from the EU from 25% to 50%. According to a White House fact sheet, this measure is aimed at protecting American industries from what the administration calls unfair global trade practices. The steel and aluminum tariffs specifically target the metal content of imported products, and there are now stricter reporting requirements for importers with tough penalties for violations. These changes are being implemented under the authority of Section 232 of the Trade Expansion Act of 1962, which allows the president to adjust imports that threaten national security.

    But that’s not the only tariff in play. The Trade Compliance Resource Hub reports that effective May 14, a universal 10% ad valorem tariff was imposed by the US on all U.S.-origin goods heading to the EU. In retaliation, the European Union announced reciprocal tariffs, but the start date was delayed from June 1 and is now set for July 9. The EU’s new duties will range from 4.4% to 50% on about €8 billion worth of US products, including iconic American exports like alcohol, wine, and certain manufactured goods. Additionally, a 25% tariff on specific US goods is scheduled to begin August 14. These escalating duties come on top of existing measures, and both sides have left room for further increases as the dispute evolves.

    Economic think tank Bruegel estimates that if the Trump tariffs are fully implemented, the average US tariff rate on EU imports could soar from a pre-trade-war average of just 1.47% to as high as 15.2%. Most of this jump is due to the new reciprocal 20% tariff on most products, compounded by further increases on select categories. The European Commission has echoed concerns about the broader impact, stating that these tariffs weaken both the US and EU economies, and a tit-for-tat approach only deepens the negative effects on GDP and investment.

    European policymakers are watching closely, and while the macroeconomic blow is considered moderate and manageable for now, the EU is preparing countermeasures. Fiscal policy adjustments, new free trade agreements with third countries, and single market reforms are all on the table as Brussels braces for a potentially drawn-out economic battle.

    That wraps up this week’s edition of European Union Tariff News and Tracker. Thank you for tuning in, and don’t forget to subscribe to stay updated on all the latest tariff developments. This has been a quiet please production, for more check out quiet please dot ai.

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    3 min
  • US-EU Trade War Escalates: Trump Imposes Steep Tariffs, EU Prepares Retaliation Amid Economic Uncertainty
    Jun 27 2025
    Listeners, welcome to the latest edition of the European Union Tariff News and Tracker, where we bring you the most up-to-date developments shaping transatlantic trade.

    Big headlines this week center on the escalating tariff dispute between the United States and the European Union, with President Donald Trump intensifying his so-called reciprocal tariff policies. On April 2nd, President Trump announced his administration's new approach, mandating a minimum baseline tariff of 10% on all imported goods and imposing country-specific tariffs—up to 20% or even higher—based on what he described as nonreciprocal trade practices by foreign partners. These tariffs came into effect on April 9th, despite ongoing calls from the EU for dialogue and negotiation. The European Union has responded by preparing a package of retaliatory measures, targeting American goods and signaling readiness to escalate if the U.S. does not ease its stance, as reported by EY’s Tax News and France24.

    In line with this, the Trump administration has also doubled down on steel and aluminum tariffs under Section 232 of the Trade Expansion Act of 1962, moving the levy from 25% to a steep 50% as of June 4th. The official White House Fact Sheet details that these tariffs are specifically aimed at imported steel and aluminum content, with President Trump framing the move as essential for U.S. national security. While tariffs on UK imports will remain at 25% for now, negotiations and quotas may be revisited in July.

    Meanwhile, the European Union continues to manage its own tariff rate quotas for American steel and aluminum. According to U.S. Customs and Border Protection, these quotas are being closely monitored, with usage data updated through March 2025. EU leaders, however, have so far held back from imposing their full €21 billion tariff arsenal, as France24 notes, instead debating further measures and holding out hope for a diplomatic breakthrough.

    Economists are sounding the alarm on these tit-for-tat tariff hikes. The European Commission’s Spring 2025 report warns that the U.S. tariff announcements are weakening not only the American economy but also causing a moderate drag on EU growth. Rising trade uncertainty and investor jitters are tightening financial conditions on both sides of the Atlantic, amplifying the impact of these new barriers.

    Listeners, it’s an unfolding story with significant consequences for both economies. The next EU tariff deadlines are looming, with potential escalation if the current standoff continues past July. We’ll continue to watch these developments and track every major headline that shapes the future of U.S.-EU trade.

    Thank you for tuning in to the European Union Tariff News and Tracker. Don’t forget to subscribe for all the latest updates and analysis. This has been a quiet please production, for more check out quiet please dot ai.

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    3 min
  • EU-US Trade War Escalates as Trump Imposes Massive Tariffs Threatening Global Economic Stability in 2025
    Jun 25 2025
    Welcome to European Union Tariff News and Tracker. It’s June 25, 2025, and today’s news centers on a rapidly escalating tariff standoff between the United States and the European Union under President Trump’s new “Reciprocal Tariff Policy.”

    Earlier this spring, President Trump announced a sweeping new tariff regime aimed directly at countries the administration says have maintained “harmful” nonreciprocal trade arrangements. Effective April 5, a flat 10% tariff began applying to all countries, with a promise of even higher country-specific tariffs for those with which the U.S. runs large trade deficits. The EU was at the top of that list. According to a White House fact sheet issued on April 2, the President invoked emergency powers to declare that these tariffs would remain until the U.S. trade deficit and nonreciprocal trade treatment are resolved.

    By April 9, country-specific tariffs took effect, with the U.S. setting a new 20% tariff rate on most EU goods—a sharp jump from the previous baseline. This applies even to items otherwise covered by a free trade agreement, except for those under the USMCA. The 20% rate was presented as a starting point, with the possibility of lowering tariffs if the EU removed what the U.S. considers unfair barriers.

    But the situation did not stay static. In early June, President Trump further escalated trade pressure by raising Section 232 tariffs on EU steel and aluminum imports from 25% to 50%, effective June 4. The aim, according to the White House, is to counter what the administration calls unfair trade practices and to protect the U.S. industrial base. This increase came with a warning: stricter import reporting, and harsh penalties for attempted evasion.

    Meanwhile, the announced plan for a much broader tariff hike—a proposed 50% tariff on nearly half of all EU exports to the United States—has been delayed until July 9. S&P Global Market Intelligence notes that this delay signals a limited window for negotiations, but the threat alone is dampening business sentiment and growth prospects across Europe. The pause also holds the EU’s countertariff package in abeyance, a package consisting of €21 billion in tariffs on U.S. goods, and a possible additional €95 billion targeting specific U.S. sectors like aviation and whiskey.

    European Commission President Ursula von der Leyen has called for negotiations, emphasizing that tariffs should not be the first or last resort. Still, both sides are preparing for the possibility that talks may fail. The EU is finalizing countermeasures, especially focused on industries hit hardest, such as steel, wine, and vehicles.

    Today, as trade tensions linger, the average effective U.S. tariff rate on imports from the EU has already risen to nearly 32%, up from under 12% a year ago. With the U.S. accounting for nearly 20% of total extra-EU exports, these tariffs represent a significant risk to European economic growth, especially as businesses await clarity on whether the 50% “reciprocal” tariff will actually take effect in July.

    Thank you for tuning in to European Union Tariff News and Tracker. Don’t forget to subscribe wherever you get your podcasts. This has been a Quiet Please production, for more check out quiet please dot ai.

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    4 min