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Reaction to Trump Announcement of 30% Tariffs on EU, Mexico
(Reuters) - Goods imported from both the European Union and Mexico will face a 30% U.S. tariff rate starting August 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday. Following are reactions to the announcement:
One-fifth of the EU’s exports are heading to the US. Tariffs on the carmaking sector hit the German economy the most, but potential tariffs on the pharmaceutical one could cost substantially to the ...
Global investors got a harsh reminder of the risks around trade tariffs and U.S. President Donald Trump's deal-making on ...
Germany's Economy Minister Katherina Reiche warns that President Trump's proposed 30% tariffs on EU imports could harm ...
The US economy is expected to slow the rest of the year as tariffs take a bigger toll on consumers and businesses, immigration constraints intensify ...
European officials are increasingly resigned to a 10% rate on "reciprocal" tariffs being the baseline in any trade deal ...
The EU is prepared to retaliate if the U.S. imposes a 30% tariff on European goods. European leaders vow unity and caution ...
Growing numbers of retailers and consumer brands are shifting their focus to Europe and other markets from the United States, as they expect U.S. tariffs to spark price hikes that will drive ...
US tariff policy reduces trade and heightens uncertainty, decelerating both economic and insurance premium growth around the ...
Impact on the European Union: Direct effect : About 2% of EU27 GDP depends on US demand. With tariffs of 20%, volumes to the US are likely to decline by about 15%.
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