Trump's Proposed Tariffs Could Significantly Raise Costs for Trade Partners

An analysis reveals potential tariff increases of up to 34 percentage points, with emerging markets and EU firms facing the greatest impact.

US President Donald Trump has signed an order for 'reciprocal tariffs,' aimed at addressing trade imbalances by matching tariffs imposed by other countries.
An Allianz Trade analysis estimates that EU companies could face an average tariff increase of 13 percentage points if the measures are implemented.
Emerging markets, including Argentina, India, Brazil, Chile, and Kenya, are expected to be hit hardest, with potential tariff hikes ranging from 23 to 34 percentage points.
Chinese companies could see tariffs rise by up to 12 percentage points, adding to existing trade tensions between the US and China.
The proposed measures have led to warnings of a potential trade war, as affected countries, including the EU, Canada, Mexico, and China, consider retaliatory actions.