Recent US Tariff Measures
The United States recently announced significant changes to its tariff policy, which have far-reaching consequences for international trade. These measures include both general tariff rates and specific regulations for certain countries.
US Tariff Policy
In February 2025, the US introduced reciprocal tariffs to reduce the trade deficit. Additionally, on April 5, 2025, a base tariff rate of 10% was imposed on all imports, excluding goods that are already en route. Starting from April 9, country-specific tariffs were introduced for the EU, China, and Switzerland, amounting to 20%, 34%, and 32%, respectively. Certain goods such as copper, pharmaceuticals, and energy products remain duty-free.
Market Reactions and Possible Consequences
The US stock markets showed nervousness, with losses in the Dow Jones and S&P 500, while the Nasdaq gained slightly. This uncertainty fuels fears of a recession and leads to increased market volatility. Additionally, China and the EU are planning countermeasures, which could escalate the trade conflict.
German and Swiss companies face challenges due to declines in demand and competitive pressure, as they are heavily dependent on exports.
Strategic Reactions and Solutions
In response to the new tariffs, the EU proposed eliminating tariffs on industrial goods to bring about a resolution. However, the US’s response remains to be seen. Many companies are now considering how to manage the additional costs and are contemplating market diversification and contract modifications.
These developments highlight the significant impact of US tariff policy on global trade. Investors and savers should prepare for possible market shifts and economic changes.