Page de couverture de US EU Trade War Escalates: Trump Doubles Steel Tariffs and Imposes New Broad Import Duties Sparking Retaliatory Measures

US EU Trade War Escalates: Trump Doubles Steel Tariffs and Imposes New Broad Import Duties Sparking Retaliatory Measures

US EU Trade War Escalates: Trump Doubles Steel Tariffs and Imposes New Broad Import Duties Sparking Retaliatory Measures

Écouter gratuitement

Voir les détails du balado

À propos de cet audio

 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.

For more check out https://www.quietperiodplease.com/

Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q

Ce que les auditeurs disent de US EU Trade War Escalates: Trump Doubles Steel Tariffs and Imposes New Broad Import Duties Sparking Retaliatory Measures

Moyenne des évaluations de clients

Évaluations – Cliquez sur les onglets pour changer la source des évaluations.

Évaluations sur Audible.ca

Évaluations sur Amazon.ca
Il n'y a pas encore de critiques pour ce titre.