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European Union Tariff News and Tracker

European Union Tariff News and Tracker

By: Quiet. Please
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 This is your European Union Tariff Tracker podcast.

Discover the latest developments and insights with the "European Union Tariff Tracker" podcast, your go-to daily source for comprehensive news and information about tariffs affecting the European Union, particularly those imposed by Trump and the United States. Stay informed about the dynamic world of international trade policies, economic impacts, and political negotiations that influence global markets. Perfect for business leaders, policymakers, and anyone interested in the intricate web of tariffs and trade relations, this podcast keeps you up-to-date with expert analysis and timely updates. Tune in daily to ensure you stay ahead in understanding how these tariffs shape the economic landscape of the EU and beyond.

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Episodes
  • EU-US Trade War Escalates as Trump Imposes Massive Tariffs Threatening Global Economic Stability in 2025

    EU-US Trade War Escalates as Trump Imposes Massive Tariffs Threatening Global Economic Stability in 2025
    Jun 25 2025
    Welcome to European Union Tariff News and Tracker. It’s June 25, 2025, and today’s news centers on a rapidly escalating tariff standoff between the United States and the European Union under President Trump’s new “Reciprocal Tariff Policy.”

    Earlier this spring, President Trump announced a sweeping new tariff regime aimed directly at countries the administration says have maintained “harmful” nonreciprocal trade arrangements. Effective April 5, a flat 10% tariff began applying to all countries, with a promise of even higher country-specific tariffs for those with which the U.S. runs large trade deficits. The EU was at the top of that list. According to a White House fact sheet issued on April 2, the President invoked emergency powers to declare that these tariffs would remain until the U.S. trade deficit and nonreciprocal trade treatment are resolved.

    By April 9, country-specific tariffs took effect, with the U.S. setting a new 20% tariff rate on most EU goods—a sharp jump from the previous baseline. This applies even to items otherwise covered by a free trade agreement, except for those under the USMCA. The 20% rate was presented as a starting point, with the possibility of lowering tariffs if the EU removed what the U.S. considers unfair barriers.

    But the situation did not stay static. In early June, President Trump further escalated trade pressure by raising Section 232 tariffs on EU steel and aluminum imports from 25% to 50%, effective June 4. The aim, according to the White House, is to counter what the administration calls unfair trade practices and to protect the U.S. industrial base. This increase came with a warning: stricter import reporting, and harsh penalties for attempted evasion.

    Meanwhile, the announced plan for a much broader tariff hike—a proposed 50% tariff on nearly half of all EU exports to the United States—has been delayed until July 9. S&P Global Market Intelligence notes that this delay signals a limited window for negotiations, but the threat alone is dampening business sentiment and growth prospects across Europe. The pause also holds the EU’s countertariff package in abeyance, a package consisting of €21 billion in tariffs on U.S. goods, and a possible additional €95 billion targeting specific U.S. sectors like aviation and whiskey.

    European Commission President Ursula von der Leyen has called for negotiations, emphasizing that tariffs should not be the first or last resort. Still, both sides are preparing for the possibility that talks may fail. The EU is finalizing countermeasures, especially focused on industries hit hardest, such as steel, wine, and vehicles.

    Today, as trade tensions linger, the average effective U.S. tariff rate on imports from the EU has already risen to nearly 32%, up from under 12% a year ago. With the U.S. accounting for nearly 20% of total extra-EU exports, these tariffs represent a significant risk to European economic growth, especially as businesses await clarity on whether the 50% “reciprocal” tariff will actually take effect in July.

    Thank you for tuning in to European Union Tariff News and Tracker. Don’t forget to subscribe wherever you get your podcasts. This has been a Quiet Please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

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    4 mins
  • Trump Escalates Trade War with EU 10% Tariff Sparks Retaliation and Threatens Transatlantic Economic Stability

    Trump Escalates Trade War with EU 10% Tariff Sparks Retaliation and Threatens Transatlantic Economic Stability
    Jun 22 2025
    Welcome to the European Union Tariff News and Tracker podcast. Today is June 22, 2025, and we have breaking updates on the transatlantic trade relationship, ongoing tariff developments, and economic implications surrounding the United States, the Trump administration, and the European Union.

    In April 2025, President Trump invoked emergency powers to implement a sweeping 10% tariff on all imports into the United States, including those from the European Union. This new baseline tariff, announced under the International Emergency Economic Powers Act, took effect on April 5 and was justified by Trump as necessary to address the ongoing U.S. trade deficit and what he described as nonreciprocal trade policies from major partners. In addition to this universal tariff, the administration unveiled a so-called Reciprocal Tariff Policy. This policy targeted countries with significant trade imbalances with the U.S. — with the European Union at the top of the list — and increased tariffs on EU-origin goods to 20% starting April 9, 2025, unless the EU removed what Washington sees as unfair barriers to U.S. exports. According to a White House fact sheet, these tariffs will remain until the administration determines that trade imbalances and reciprocal trade issues are adequately remedied.

    The European Union has not stood idle in response. Brussels has openly condemned Washington’s resort to tariffs as a solution and maintains that negotiation should be the primary pathway. However, the EU has simultaneously prepared a major package of countermeasures. As reported by Global Policy Watch, the EU launched a public consultation in May on proposed tariffs covering €95 billion worth of American imports, with prospective rates at 25% for most goods and as low as 10% for selected products. Automotive goods, semiconductor equipment, pharmaceuticals, and even certain agricultural products are on the table. Notably, an automatic 25% tariff on U.S. autos and auto parts remains in effect, reflecting a sector-specific tit-for-tat strategy. The EU’s counter-tariffs are ready to be activated if talks with the U.S. do not produce an acceptable solution by mid-July, as the U.S. has paused its 20% reciprocal tariff on EU goods until July 9, pending further negotiations.

    Economic effects are already reverberating across the Atlantic. The European Commission’s spring 2025 economic forecast highlights that U.S. tariff hikes have begun to dampen growth prospects both in America and Europe, with tit-for-tat measures raising costs for consumers and businesses and fueling uncertainty in financial markets. While investor confidence has taken a hit in the U.S., the report notes that Europe’s relative investment attractiveness has improved, even as the euro strengthens and trade balances shift.

    Amid these tensions, both sides have made statements through the EU-U.S. Trade and Technology Council, but no breakthrough has been achieved. Negotiations are ongoing, but as of today, tariffs are shaping up to be the main instruments of leverage.

    Thank you for tuning in to the European Union Tariff News and Tracker. Subscribe for ongoing coverage and updates on transatlantic trade. This has been a Quiet Please production, for more check out quietplease dot ai.

    For more check out https://www.quietperiodplease.com/

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    4 mins
  • EU US Trade War Escalates: 20% Tariffs Threaten Transatlantic Commerce and Risk Significant Economic Disruption

    EU US Trade War Escalates: 20% Tariffs Threaten Transatlantic Commerce and Risk Significant Economic Disruption
    Jun 20 2025
    Welcome to European Union Tariff News and Tracker. Let’s get listeners up to speed on the latest developments surrounding trade tensions between the European Union and the United States, with a special focus on tariffs and recent moves from President Trump’s administration.

    On April 2nd, 2025, President Trump made global headlines by announcing a sweeping Reciprocal Tariff Policy. This policy, revealed during a Rose Garden press conference, follows through on months of warnings. According to Ernst & Young, the new policy mandates country-specific tariffs on goods imported into the United States from partners like the European Union, even if those goods are normally covered by free trade agreements. The most significant change? Effective April 9th, 2025, a 20% duty rate was set for most EU-origin goods entering the US. This is a dramatic escalation from the prior standard and has already triggered sharp responses from European leaders. European Commission President Ursula von der Leyen stated that while the EU stands ready to negotiate on barriers to transatlantic trade, it is also finalizing countermeasures to protect European interests and businesses if talks fail.

    In direct response, the EU launched a public consultation in May to assess a new package of retaliatory tariffs. Global Policy Watch notes that the proposed EU countermeasures could impact up to €95 billion of US imports, with most products facing a potential 25% ad valorem duty. Sectors under review include industrial and agricultural goods, as well as possible export restrictions on steel scrap and chemicals. Notably, EU officials clarified that US services have not yet been targeted in these responses. The fate of these countermeasures hinges on the outcome of ongoing negotiations—if no compromise is reached by July 9th, when a 90-day pause on higher US tariffs expires, the EU’s new tariffs could be activated.

    Meanwhile, the macroeconomic effects of these tariff hikes are beginning to emerge. The European Commission’s economic forecast warns that tit-for-tat tariffs are likely to drag down both US and EU GDP. For Europe, the most immediate impacts include modest inflationary pressure, weaker growth, and increased uncertainty for investors. While European monetary policy may help cushion the blow, the drag on international trade is already visible, with industries on both sides preparing for further volatility.

    On the technical side, US Customs and Border Protection continues to manage quota and tariff rate data for steel and aluminum, with updated limits published regularly for 2025. The EU’s ongoing negotiations with the US remain crucial, as both sides seek a way forward to avoid deepening the trade rift.

    Thanks for tuning in. Make sure to subscribe for more updates on how these shifting tariffs impact European industries and your supply chain. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

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    3 mins
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