Trump pushes for up to 20% minimum tariffs on EU
Digest more
UBS warns Trump’s proposed US tariffs could significantly impact Greece’s exports, posing risks to growth through 2026.
The president's new tariffs on vehicles and auto parts have contributed to a slowdown in affordable car availability in the U.S., according to Cars.com.
The US's tariffs are once again threatening the EU food sector. President Trump recently announced a 30% tariff on EU products. But what could this mean for the food and beverage sector?
The dollar has steadied after the worst start to the year since 1973, as the resilience of the US economy prompts some investors to back away from bearish bets on the currency.
Economists had already downgraded growth for the European Union, and the new duties would hit industries there especially hard. Companies are looking for ways to blunt the impact.
TAIPEI (Taiwan News) – If pressure from the Trump administration leads to Taiwan cutting its tariffs on imported cars from 17.5% to 0%, the new rate will only apply to vehicles imported from the US, the Ministry of Economic Affairs said Friday.
BRUSSELS, July 15 (Reuters) - The 30% tariff on European goods threatened by U.S. President Donald Trump would, if implemented, be a game-changer for Europe, wiping out whole chunks of transatlantic commerce and forcing a rethink of its export-led economic model.
After European Union leaders said they would keep negotiating instead of immediately retaliating against President Trump’s latest threat, businesses remain unable to develop long-term plans.
Trump's call for a minimum 15-20% tariff on imports from the European Union, as reported by the Financial Times, is a reminder that global trade tensions are still alive and could yet hit growth and fuel inflation.
Italy risks losing 20 billion euros ($23.6 billion) in exports and 118,000 jobs next year if the U.S. imposes tariffs of 10% on all European products, the head of the main Italian business lobby said on Wednesday.
The European Union awaits US President Donald Trump's decision on imposing tariffs that could significantly affect the economies on both sides. Trump's fluctuating tariffs, especially on EU goods, have economic implications for industries and consumers.