How Trump tariffs hit European markets | DW News

Financial markets are down worldwide and the dollar is tumbling, as Donald Trump's sweeping new trade tariffs unnerve investors. Trump has declared a ten percent baseline on all imports, with significantly higher levies for nations that run trade surpluses with the US.
Aside from the existing 25% tariff on all foreign-made cars, the EU will face 20 percent levies, China 34 percent, India 26 percent and Japan 24 percent.

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[farzad]

Please tariff Facebook Twitter Amazon etc…

[seanlander]

Washington has decided overnight that five Australian islands are countries with separate tariffs. This genius geopolitical strategy has delivered Australia a six nation empire.

[TheHiddenMarty]

This is not US-EU War. This is US-World War.

[Elliott_Wave]

Create FREE trade between other countries e.g. Europe - Australia etc.

[garychilds]

I bet America has more BMW cars than Germany has Cadillac cars

[petrusjmanalu]

It is time for Europe & Asia. Forget the USA

[quakerninja]

Did you all notice zero tariff for Russian Federation. Trump treats Putin better than allies. You should investigate this further.

[miscsloan]

a little pain so billionaires can get a tax cut

[NickRobert-xu]

If is tariff bad why other countries putting tariffs on US goods.

[fixedbypaul]

Canadian here. The tariffs are going to slow down imports to the US and many will and are boycotting the US creating opportunities. I see Canadians checking labels at the grocery in order to avoid American products all the time 40 million people in Canada if half boycott the US that's 20 million lost customers., travel to the US from Canada has almost completely stopped, Canadian flights to the US are being rescheduled to Europe. I always found Europe to be beautiful, full of history, and friendly. It won't be easy now is the time to make new friends and trading partners. Best to cut our reliance on the US to prevent history from repeating it's self. In the 80s I was against free trade with the US because they might US it to takeover Canada. I figured I was wrong about that till now, careful you don't agree to a bad trade deal that may come back to hurt you in the future like it did Canada. Never in my life did I ever think I could be this proud to be Canadian.

[GreenEggsNz]

The plan is simple…. As a kid Donald didn’t get enough attention. Now the whole world is ALL about ‘him’. That’s his strategy to get as much praise and attention as possible.

[-.]

Europeans, be aware of everything American so you can replace as much as possible with non-American brands. Coke, Levis, Nike, Tesla, Starbucks, Netflix, you name it.

[Darycan]

While the EU exports more goods to the US, the US exports a whole lot more services to the EU. Why is that not being considered and talked about?

[Moderdraken]

"The European Commission says it charges an average tariff of just 1% on US products entering the EU market, "considering the actual trade in goods". It adds that the US administration collected approximately €7 billion of tariffs on EU products in 2023 compared to the EU's €3 billion on US goods.

A World Trade Organisation (WTO) estimate puts the average tariff rate on US products entering the EU slightly higher at 4.8%.

In both cases, this is far off the 39% figure quoted by the Trump administration."

[alanparker]

Donald Trumps seventh bankruptcy is about to become a reality

[christopherguest]

Who would of thought his 7th bankruptcy would be America

[JohnJacob]

Remember when it was the Left who was against globalism?

[TheLastKentuckyIrregular]

So basically the EU is freaking out because the US is treating the EU the same way the EU treats the US.

[expressnewstoday-tdm]

Your creativity shines through—what an innovative approach to the subject!

[Rumblingbelly]

I will gladly buy one of those cars that would normally go to USA. Give me a Porsche Macan GTS with a discount!