Overview

• The U.S. has officially implemented a universal 10% tariff on imports, with the EU facing 20% tariffs and China 34%, effective April 3, 2025.
• The EU and China are preparing countermeasures, including tariffs on U.S. goods, while Switzerland has opted against retaliation to avoid economic strain.
• Economic analysts warn of inflationary pressures in the U.S., with consumer prices expected to rise by up to 3%, potentially leading to a recession.
• Germany, heavily reliant on exports to the U.S., faces significant economic risks, including potential GDP losses of up to 0.5% annually.
• Criticism mounts over the tariff calculation formula, which is based on trade deficits and lacks transparency, with experts questioning its logic.