The new US tariffs on EU imports
US President Donald Trump has announced that starting August 1, 2025, a tariff of 30 percent will be imposed on imports from the European Union (EU) and Mexico. This measure affects all goods imported from these regions and aims to eliminate trade imbalances and strengthen production in the USA.
The expanded tariff policy
The tariff increase is part of a larger trade policy conflict, in which Trump has also announced tariffs on products from Canada, Brazil, and other countries. Particularly notable is an additional tariff of 50 percent on copper imports into the USA.
Reactions from the European Union
The EU is responding with negotiations and threatens countermeasures if no agreement is reached by the time the tariffs come into effect on August 1. EU Commission President Ursula von der Leyen signals readiness but emphasizes that protective measures for European interests are being prepared. Brussels has tariffs on US goods worth about 21 billion euros ready as a response, but these are currently suspended.
Impact on the economy and markets
For investors and savers, this escalation means potentially higher prices for European products in the USA, which could negatively impact the export volume and corporate profits of European companies with US business. Furthermore, trade relations could deteriorate, and uncertainties in the markets may increase.
In summary, this development represents a significant escalation of the transatlantic trade conflict and should be closely monitored by both companies and investors.
| Aspect | Details |
|---|---|
| Start | From August 1, 2025 |
| Tariff rate | 30% on all EU imports (Mexico also affected) |
| Additional measures | Copper imports with a tariff of 50% |
| Objective | Balance perceived trade imbalances; promote domestic production |
| EU response | Negotiations ongoing; possible countermeasures if no agreement is reached |
| Impact | Higher prices for EU products in the USA; risks to export volume & trade policy |