Overview

• President Trump is set to announce new reciprocal tariffs on April 2, targeting imports from countries with lower tariffs on US goods.
• The EU is finalizing retaliatory measures, including tariffs on US goods like soybeans, branded clothing, and industrial products, while considering levies on digital services.
• The US will impose 25% tariffs on auto imports starting April 3, significantly impacting Germany's automotive sector and other EU industries.
• EU Commission President Ursula von der Leyen has warned of supply chain disruptions and economic consequences from US tariffs on semiconductors, pharmaceuticals, and wood.
• Diplomatic efforts continue, with the EU exploring concessions such as increased imports of US liquefied natural gas and agricultural products to de-escalate the conflict.