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3w ago

U.S.-EU Trade Conflict Escalates as Auto Tariffs Loom

The U.S. prepares to impose 25% tariffs on auto imports on April 2, while the EU finalizes retaliatory measures targeting U.S. goods, including soybeans and branded clothing.

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Die EU-Kommission ist auf einen Zollstreit mit den USA vorbereitet

Overview

  • The U.S. will implement 25% tariffs on EU auto imports on April 2, with exemptions for USMCA-compliant vehicles.
  • The EU has finalized plans to impose tariffs on U.S. goods, including high-end clothing, soybeans, and industrial products, by mid-April.
  • The EU aims to minimize consumer impact by targeting U.S. products for which European alternatives exist.
  • Further escalation is possible, with the U.S. considering tariffs on European machinery, copper, and semiconductors, while the EU explores digital taxes and patent suspensions.
  • The German auto industry is expected to be significantly impacted, highlighting broader risks to global supply chains and transatlantic relations.