US tariffs for European goods are threatening to shake the world’s largest trade relations – National

The European Union is waiting to find on Monday May the President Donald Trump Will punish tariffs America’s largest trading partner In the move, economists will appeal for companies and consumers on both sides of the Atlantic.

Trump, in early April, applied 20% import tax to all EU-made products tariffs Countries that are the target of the United States trade imbalance. A few hours after the nation’s special tasks, he entered into force, allowing them to the standard financial markets up to 10% until July 9 and allow to give time to negotiations.

Expressing dissatisfaction with the EU’s trade talks, Trump said he would increase tariff rate About 50% for European exports, can do everything – French cheese and Italian skin goods can be more expensive in the United States – in the United States

The EU Executive Commission, which manages trade problems for 27 members of the bloc, said he hoped that the leaders would compete with the Trump leadership. EU without one said it was prepared to take revenge with tariffs on hundreds of American products from beef and car parts to beer and Boeing planes.

The US-EU trade is great

The EU Executive Commission is characterizing the trade between the United States and the EU as “the most important trade relations in the world.”

According to the EU Statistics Agency, in 2024 (2 trillion euros (2 trillion euros ($ 2 trillion euros ($ 2 trillion), 4.7 trillion euros ($ 2 trillion) for Euftat agency (2 trillion euros ($ 2 trillion).

The largest export, leading drugs, planes, cars and medical and diagnostic equipment to Europe.

Europe’s largest exports to the United States are pharmaceuticals, cars, plane, chemicals, medical instruments and spirits and spirits.

The EU more sells more US

Trump complained about the EU trade surplus, the EU trade surplus, which shows that Americans have more than more than European enterprises.

However, American companies fill the gap by removing the EU when it comes to services such as computing, cloud calculation, travel orders, legal and financial services.

The US services surplus reflects less than 3% of the country’s trade deficit EU and $ 50 billion ($ 59 billion), less than 3% of US-EU trade.

What are the issues that separate the two sides?

Before returning to the Trump office, the United States and the United States and the EU generally maintained both trade relations and the lower levels of tariffs on both sides. 1.47% for European goods, an average of 1.35% of the EU, an average of 1.47% for American products.

But he took a fewer friendship posture against the White House Long-term ally Since February. Along with the extent rate of European goods, along with the EU, the EU management has subordinated 50% of the steel and aluminum and 25% tax on import cars and parts.

Authorities of the Trump Administration, ai health rules that banned the beef treated with chloride wash chicken and hormone, removed a problem they want to see targeted agricultural obstacles, including agricultural obstacles.

Trump also criticized the additional value taxes received from 17% to 27% of the EU countries at the point of sale this year. However, many economists sees local goods and services, as well as trade-neutrals since imported. Because national governments have laid taxes through legislation, said EU is not on the table During trade talks.

“Rules, consumer standards and taxes, EU and its member states can not give a lot of space,” Holger Schmied, Germany’s Berenberg Bank, Germany. “They cannot change the EU’s wide domestic market due to US demands, which are associated with a misconception about how the EU works.”

‘Outcome for many companies’

Economists and companies can say higher tariffs and higher prices for US consumers in imported goods. Importers should decide how much tax expenses for low-profit tax expenditures and how much the tax expenses are.

Mercedes-Benz Dealers in the United States, said they have purchased 2025 year prices by saying “later until notifications”. The German car manufacturer has a partial tariff shield, because Alabama is 35% of Mercedes-Benz cars sold in the United States, but it expects the prices to be “significant increase” in the coming years.

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Simon Hunt, Italian wine and alcohol manufacturer Campari Group, gave information to investment analysts to stay the same depending on some products or depending on the fact that rival companies do. If competitors increase prices, the company may decide to hold market share and Aperol Aperol to hold prices in Aperol Aperitif.

Trump claimed that foreign companies have more difficult for selling companies in the United States are a way to stimulate the revival of American production. Many companies reject the idea or said that there will be years to bring positive economic benefits. But some corporations have proven to be willing Change some production Is the nation.

Luxury group Luxury, Luis Vuitton, Luis Vuitton, Luis Vuitton, Luis Vuitton, Christian Dior and Candon, said at the annual meeting of the company in April in April.

Arnault, who attended the opening of Trump, called on Europe to a bargain based on mutual concessions.

“If we are finished with high tariffs, … We will be forced to increase our production in the United States to prevent tariffs.” “And if Europe cannot negotiate in a clever way, this will be a result for many companies. … This will be the fault of Brussels.”

‘The road can be rocky’

Some forecasts show that the US economy will be at risk if negotiations fail.

Without an agreement, the EU will lose 0.3% of the gross domestic product, and Trump can lose 3.7% by 25% of Europe with 25% tariffs in Brussels.

Given the complexity of some issues, the two sides can only come to a frame before the deadline on Wednesday. Most likely, the details of the official trade agreement will maintain a 10% base tariff, as well as auto, steel and aluminum tariffs.

The most probable result of trade talks will agree with more than 10% of the worst threats of the United States ‘revenge’ tariffs, “he said. “But the road to reach there can be a rocky.”

The United States can smooth the way to an agreement offering freedom for some goods. The EU may suggest that the White House facilitates some of the rules they look like as trading barriers.

“Although Trump could sell such a result as a ‘victory’ for him, the last victims of protectionism, of course, the United States said,” he said.