Trump’s New Tariffs Trigger Global Trade Tensions and Economic Fallout

The US imposes sweeping tariffs on EU imports, prompting German industries to brace for losses and the EU to plan retaliatory measures.

US President Donald Trump has announced a 20% tariff on EU imports, with higher rates for other nations, effective immediately.
German industries, particularly automotive and machinery sectors, face severe disruptions, with projected economic losses of up to 200 billion euros over four years.
The European Union is finalizing countermeasures, including potential retaliatory tariffs on US goods, while seeking dialogue to address the escalating trade conflict.
Regional economies in Germany, such as Bavaria and Baden-Württemberg, are disproportionately affected due to their reliance on exports to the US, with significant job risks in the automotive sector.
The tariffs are expected to raise consumer prices and exacerbate inflation in both the US and Europe, while disrupting global supply chains.