Trump threatens to increase customs: does the trading chaos come back?
Trump threatens to increase customs: does the trading chaos come back?
In the international economy, it is bubbling. The current customs policy of US President Donald Trump ensures considerable confusion and uncertainty, since his announced customs break of 90 days soon ends. As az-online were originally reported Increases in the way to reduce the trade conflicts. However, with a persistent threat of punitive tariffs of up to 50 percent against the EU from July 9th, the situation is coming up again.
It seems that June could already be the harbinger of a new “Liberation Day”. Companies and investors are concerned about developments, while the view of a compromise between the USA and the EU still hovers in the air. Especially in May 2025, an agreement between the USA and China was reached, which significantly reduces the tariffs to many goods - but the dispute with the Europeans still seems unsolved. Stephen Miran, chairman of the Council of Economic Advisors, is more pessimistic than ever and does not expect a quick solution after the customs break has expired.
The economic consequences
The effects of this customs policy should not be underestimated. The EU could warn the DIW , in the long run with a decline in its exports to the United States from up to 50 percent if flat -rate tariffs are introduced of 25 percent. Industries such as the pharmaceutical industry and vehicle construction are particularly the focus. Here exports could fall by up to 9.3 and 4.1 percent.
These sometimes serious losses could not only affect the companies directly affected. Many suppliers who work with companies in the EU would also be affected by the negative consequences. The complexity of these relationships makes it clear how complex the effects of such trade conflicts are.
reactions from the EU
The EU is prepared for the storm. Minister of Commerce from the EU countries advise intensively on possible countermeasures, while the Commission is examining a new offer from the USA. As from ZDF today, Trump remains ready to talk, but only under certain conditions. It is a poker about concessions and negotiations in which the EU endeavors to agree, but must also be prepared on worst-case scenarios.
The mood in the markets remains tense. After announcements about possible new tariffs, exchanges have reacted to a noticeable minus worldwide. For example, the DAX recorded a decline of over 8 percent last week. The Dow Jones also experienced one of the most lost weeks in years.
In view of all of these uncertainties, it seems clear: trade relationships between the USA and the EU are faced with a decision. Companies and buyers have to prepare for an uncertain future. While some countries may benefit from falling tariffs, others threaten to increase in the customs levels set in April, which is 10 percent for everyone and 20 percent especially for the EU. The next time will show where the journey is going.| Details | |
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| Ort | Uelzen, Deutschland |
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