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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
  • US Imposes 20% Tariffs on EU Goods Trump's Reciprocal Policy Sparks Trade Tensions and Economic Uncertainty

    US Imposes 20% Tariffs on EU Goods Trump's Reciprocal Policy Sparks Trade Tensions and Economic Uncertainty
    May 22 2025
    Listeners, welcome to the latest episode of the European Union Tariff News and Tracker podcast, where we cut through the noise to bring you critical updates on tariffs, trade, and transatlantic economic policy as of May 22, 2025.

    Headline news: In April 2025, President Donald Trump announced the launch of his Reciprocal Tariff Policy in a Rose Garden press conference, following a February presidential memorandum that labeled some European trade arrangements “harmful” to U.S. interests. This triggered a sharp increase in U.S. tariffs on many goods originating from the European Union, effective April 9, 2025. The new duty rate imposed by the U.S. now sits at 20 percent for a wide range of EU exports, a substantial jump from the pre-trade war average U.S. tariff rate of just 1.47 percent on EU products. In response, European leaders, including Commission President Ursula von der Leyen, have prepared a package of countermeasures, focusing first on American steel and aluminum, but have also emphasized their willingness to negotiate and remove barriers if the U.S. is open to compromise. For now, the EU’s retaliation package on steel has been paused to allow more space for negotiations, according to the European Commission’s most recent press releases.

    While the United States retains the ability to raise tariffs even on goods that previously enjoyed free trade under various agreements, such as those not covered by the US-Mexico-Canada Agreement, these measures have provoked considerable economic debate. Bruegel, a leading European economic think tank, reports that as long as these tariffs stay in place, the average bilateral tariff rate between the U.S. and EU is estimated at 9.9 percent—an increase of 8.4 percentage points compared to 2023. The European Commission’s economic forecasting team recently stated that the U.S. tariff hikes are expected to lower EU GDP by about 0.2 percent, with exports to the U.S. declining around 1.1 to 1.5 percent. Still, EU exporters may pick up market share in third countries as American products become less competitive due to both a stronger dollar and more expensive inputs. Interestingly, the impact is somewhat cushioned in Europe compared to Mexico or Canada, because European industries are less reliant on the U.S. as an export market.

    On the negotiating front, the EU has floated the idea of reciprocal tariff-free trade with the United States, which would include American cars, a sector where the EU’s 10 percent tariff far exceeds the U.S. 2.5 percent rate. However, the White House appears hesitant to eliminate tariffs so broadly, but talks remain ongoing, and compromise is still on the table.

    For listeners tracking the latest official rates, U.S. Customs and Border Protection released new 2025 European Union Tariff Rate Quota data, now reflecting these recent changes.

    That’s all for today’s update. Thanks for tuning into the European Union Tariff News and Tracker. Don’t forget to subscribe so you never miss an episode. 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
  • EU and US Tariff Tensions Ease: Negotiation Signals Hope for Transatlantic Trade Resolution

    EU and US Tariff Tensions Ease: Negotiation Signals Hope for Transatlantic Trade Resolution
    May 15 2025
    Welcome to European Union Tariff News and Tracker. I'm your host, bringing you the latest developments in US-EU trade relations.

    In a significant shift from April's escalating trade tensions, the EU and US are currently navigating a complex tariff landscape two months after President Trump's sweeping "reciprocal tariffs" announcement on April 2nd.

    The initial implementation saw a baseline 10% tariff on all imported goods starting April 5th, with additional country-specific rates. For the EU, this initially meant a 20% tariff on most products, but on April 9th, Trump announced a 90-day pause, reducing the EU tariff from 20% back to the baseline 10% for countries that hadn't retaliated.

    However, the 25% tariffs on steel, aluminum, and automobiles remain firmly in place, affecting approximately €26 billion of EU exports to the US – about 5% of total EU goods exports to America.

    The EU Commission, led by President Von der Leyen, has consistently maintained a dual approach: readiness to negotiate while preparing countermeasures. In her response to Trump's universal tariffs, Von der Leyen stated: "Reaching for tariffs as your first and last tool will not fix it. That's why we have always been ready to negotiate with the US to remove any remaining barriers to Transatlantic trade."

    Interestingly, before these trade tensions, the average US tariff rate on imports from the EU was just 1.47%, while EU tariffs on US imports averaged 1.35%. The current situation represents a dramatic increase in trade barriers between these longstanding partners.

    Italian Prime Minister Giorgia Meloni's White House visit in mid-April focused on finding a potential tariff deal, with the EU offering reciprocal tariff-free trade with the US. A compromise might involve a joint duty-free list starting with automobiles – potentially beneficial for the US given the EU's 10% tariff on American cars versus the US 2.5% tariff on European vehicles.

    The tariff situation remains fluid, with economists closely watching for potential trade diversion effects, particularly regarding Chinese goods that might be redirected toward European markets due to the astronomical 125% tariffs now facing Chinese exports to America.

    Thank you for tuning in to European Union Tariff News and Tracker. Make sure to subscribe for ongoing updates as this trade situation continues to evolve. 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
  • EU-US Trade War Escalates: Trump Tariffs Spark Tensions and Potential Retaliatory Measures Ahead of Crucial Negotiation Deadline

    EU-US Trade War Escalates: Trump Tariffs Spark Tensions and Potential Retaliatory Measures Ahead of Crucial Negotiation Deadline
    May 11 2025
    Welcome to European Union Tariff News and Tracker, your source for the latest developments in US-EU trade relations.

    As of May 11, 2025, the trade landscape between the United States and European Union remains in a state of tension following President Trump's sweeping tariff policies implemented last month. The current baseline tariff rate on EU imports stands at 10%, reduced from the initially announced 20% after Trump granted a 90-day negotiation window on April 9th.

    This temporary reprieve came after the EU approved a package of 25% retaliatory tariffs on €21 billion worth of US imports. The European Commission suspended these countermeasures to allow for negotiations during this 90-day period, which is now approaching its halfway point.

    European Commission President Ursula von der Leyen has warned that if negotiations fail by early July, the EU is prepared to deploy what she described as "EU trade bazooka measures" targeting America's substantial services surplus with Europe.

    Just three days ago, on May 8th, the EU proposed stronger retaliatory tariffs on nearly €100 billion of US imports, including aircraft, passenger cars, medical devices, chemicals and plastics. This escalation came after Trump imposed a 100% tariff on foreign-made films on May 5th, though Europe notably declined to counter-tariff Hollywood productions.

    The economic impact of these trade tensions continues to worry experts. Before this trade war began, the average US tariff on EU imports was just 1.47%, while EU tariffs on US goods averaged 1.35%. The current 10% baseline represents an approximately 8.4 percentage point increase compared to 2023 levels.

    Italian Prime Minister Giorgia Meloni visited Trump at the White House on April 17th, attempting to persuade him to accept the EU's "zero-for-zero" tariff offer for industrial goods, but no breakthrough has been announced.

    Hungarian Prime Minister Viktor Orbán, one of Trump's strongest European allies, was the only EU member to dissent from the bloc's retaliatory measures, highlighting political divisions within Europe on how to respond to American trade pressure.

    With the 90-day negotiation window set to expire in early July, both sides appear to be preparing for either breakthrough or breakdown in what has become the most significant transatlantic trade dispute in recent years.

    Thank you for tuning in to European Union Tariff News and Tracker. Don't forget to subscribe for weekly updates on this evolving situation. 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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