Overview

• The U.S. has imposed a universal 10% tariff on imports, with additional rates of 20% on EU goods and 34% on Chinese products, effective immediately.
• The European Union and China are preparing countermeasures, including potential tariffs on American goods, while maintaining a willingness to negotiate.
• Economic experts warn the tariffs could raise U.S. inflation by up to 3%, disrupt supply chains, and lead to a global economic slowdown.
• Germany, as an export-heavy economy, faces significant risks, particularly in industries like automotive, machinery, and pharmaceuticals.
• Criticism mounts over the lack of transparency in the tariff calculations, which disproportionately impact smaller nations and exacerbate trade tensions.