Escalating Trade Tensions Between the US and EU

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.