Friday, October 24, 2025

Latest

Trump Threatens EU With New Tariffs

Donald Trump is setting his sights on the other side of the Atlantic, suggesting on Sunday that he would impose new tariffs on European imports — just a day before pausing similar actions against Canada and Mexico.

The EU recorded a $156 billion goods surplus with the United States in 2023, part of the US’ total global imports of $2.4 trillion that year.

Germany leads EU exports to the US at €131 billion, while the Netherlands tops imports at €76 billion. Post-Brexit Britain has maintained more balanced trade, exporting £60.4 billion in goods to the US while importing £57.9 billion.

Car manufacturers, chemical companies, and pharmaceutical firms would face the biggest impact from potential tariffs. The machinery and transport sector dominates both EU and UK exports to the US, exceeding €200 billion combined in 2023.

The National Institute of Economic and Social Research warns a 10% US tariff on all imports could cut global growth by 1% over two years if trading partners retaliate.

Markets have already reacted to the threats. US 30-year Treasury yields have jumped from 3.9% to above 4.7%, while UK borrowing costs have climbed from 4.3% to 5.1%.

French President Emmanuel Macron has pledged EU collective action against any new tariffs. Britain must now navigate trade relationships independently, as Prime Minister Keir Starmer seeks ties with both the US and EU.

Previous trade disputes saw Trump target French wines, Italian luxury goods, and Scottish whiskeys. The EU responded with tariffs on American products including Kentucky bourbon and Harley-Davidson motorcycles.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Still No India-US Deal As Trump Tariffs Loom

Indian negotiators flew home Saturday after a fifth round of talks in Washington, but the...

Tuesday, July 22, 2025, 10:14:00 AM

Trump’s Tariff Revenue Reaches $500 Million, Below Trump’s Claims

US Customs and Border Protection has collected approximately $500 million from President Donald Trump’s latest...

Saturday, April 19, 2025, 11:03:00 AM

Trump’s Tariffs Threaten to Drive Up Grocery Bills for American Families

President Donald Trump’s plan to impose a 25% tariff on imports from Mexico and Canada...

Monday, February 3, 2025, 12:56:00 PM

Major IPOs Shelved as Trump’s Tariff Announcement Rattles Markets

At least two major companies have postponed their initial public offerings following market turbulence triggered...

Monday, April 7, 2025, 07:30:40 AM

Bank of Canada to Businesses: Get Used to the Turmoil

Economic uncertainty has become the new normal, and Canadian businesses need to accept that reality...

Friday, October 10, 2025, 11:33:00 AM