2025-02-22 13:29:08

Escalating Trade Tensions Between the US and EU

Image courtesy of : AFP (SAUL LOEB)

The European Union anticipates a staggering 28 billion euros in export damages due to impending US tariffs on steel and aluminum. These tariffs, aimed at bolstering national security, may activate as soon as March 12. In response, Brussels is preparing countermeasures, including tariffs on American goods such as motorcycles and jeans.

The EU remains open to negotiations and is proposing tariff reductions to mitigate conflict. Rotterdam port, Europe's busiest, faces significant risks from these tariffs, with a high percentage of its trade linked to the US.

Meanwhile, the threat of reciprocal tariffs looms as the US considers actions against countries imposing digital taxes, including Austria. The situation highlights the fragility of transatlantic trade relations.

World - South China Morning Post
22. Februar 2025 um 09:54

Rotterdam port most vulnerable to US energy tariffs, CEO says

Environment
Politics
Economy
Rotterdam, Europe's largest port, faces major risk from potential US energy tariffs, 75% of its US imports and 33% of exports. CEO Boudewijn Siemons says tariffs "illogical" given Netherlands' surplus, but port unlikely exempted from EU-wide action. Trump threatened reciprocal tariffs by early April, despite EU's trade deficit. Port imported 44.5 million tons, exported 7.5 million.
derstandard
22. Februar 2025 um 08:38

Trump Considers Retaliatory Tariffs for Countries with Digital Tax

Politics
Economy
Technology
This would also affect Austria, which has been levying a digital tax since 2022 and thus generated around 100 million euros in the following year.
focus
22. Februar 2025 um 11:01

Trade Conflict - New US Tariffs: EU Expects 28 Billion Euro Damage to Exports

Politics
Economy
The EU expects damage of up to 28 billion euros to its exports due to new US tariffs on steel and aluminum, which could come into force as early as March 12. Brussels is preparing countermeasures such as retaliatory tariffs on US products like motorcycles and jeans. A trade conflict between the EU and the US threatens to escalate again, but Brussels is willing to negotiate and offers tariff reductions to avoid an escalation. The US justifies the tariffs on national security interests and claims..
CW

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