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infographic on US tariffs

U.S. tariffs: EU proposes zero-for-zero deal on industrial goods — or warns of trade retaliation

During a press appearance with Norwegian Prime Minister Jonas Gahr Støre, EU Commission President Ursula von der Leyen used the opportunity to deliver a firm response to the United States over its newly announced tariffs. She warned that the measures will not only hurt U.S. consumers but also destabilize the global economy, particularly harming developing countries. While reiterating the EU’s openness to a negotiated zero-for-zero tariff deal on industrial goods,

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07/04/2025
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China to impose additional 34-percent tariffs on all U.S. imports on April 10

China will impose additional 34-percent tariffs on all products imported from the United States starting from April 10, the Customs Tariff Commission of the State Council announced Friday. The announcement follows the U.S. decision to impose “reciprocal tariffs” on Chinese exports to the United States, a move that the commission said does not conform to international trade rules, seriously undermines China’s legitimate rights and interests, and represents a typical act

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04/04/2025

Joint Statement on the Trilateral Meeting of the United States, Japan, and South Korea

U.S. State Secretary Marco Rubio, Japanese Foreign Minister Iwaya Takeshi, and South Korean Foreign Minister Cho Tae-yul met in Brussels on April 3. Read their joint statement on how they want to strengthen trilateral cooperation in advancing the safety, security, and prosperity of the three countries and the broader Indo-Pacific region, while upholding shared principles including the rule of law.

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04/04/2025

BusinessEurope: New U.S. tariffs undermine the transatlantic economy

According to the influential European business association, the unilateral US decision to impose additional tariffs on all major US trading partners could trigger retaliatory measures that will further disrupt global supply chains and undermine confidence in global trade, without delivering meaningful benefits to either side.

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04/04/2025

U.S. universal tariffs: AmCham EU urges “de-escalation in tit-for-tat dispute”

The US administration announced the imposition of a 20% tariff on most imports from the EU. In response, the EU indicated it is preparing for further countermeasures if no negotiated solution is found. AmCham EU is concerned that these measures will create damaging ripple effects across all sectors: “Tariffs are harmful taxes on imports that increase costs for consumers and businesses.”

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04/04/2025

U.S. tariffs announcement: Statement by EU Commissioner Maroš Šefčovič

“Following the decision by the U.S. Administration to impose across-the-board tariffs on European Union goods, the EU will respond in a calm, carefully phased, and above all, unified way, as we calibrate our response. We will not shoot from the hip – we want to give negotiations every chance to succeed to find a fair deal, to the benefit of both sides” – EU Commissioner Maroš Šefčovič.

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03/04/2025

ifo Institute: Trump tariffs could reduce Germany’s GDP by 0.3 percent

The tariffs announced by U.S. President Trump would cause significant damage to the German economy. According to initial calculations by the ifo Institute, the new tariffs would reduce Germany’s GDP by 0.3 percent this year. Key sectors such as automotive and mechanical engineering would be particularly affected. “Since the German economy is already stagnating, it is possible that the U.S. tariffs could push economic growth in Germany below zero,” said

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03/04/2025

The state of the United States: The marathon speech of U.S. Senator Cory Booker

U.S. Senator Cory Booker (D-NJ) held the Senate floor with a marathon speech that began at 7pm ET Monday evening and lasted until Tuesday night. In 25 hours and 5 minutes, Senator Booker spoke about the stories of Americans who are being “harmed by the Trump Administration’s reckless actions, attempts to undermine our institutions, and disregard for the rule of law”.

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02/04/2025

ifo Institute analyses the impact of reciprocal US tariffs on German exports

US President Donald Trump proposed implementing “reciprocal tariffs”, under which the United States would raise import tariffs to match those imposed by its trading partners, further undermining the multilateral rules-based system. In this policy brief, Germany’s ifo Institute explores the implications of this policy for the European and German economy.

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02/04/2025