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European Union Tariff News and Tracker

European Union Tariff News and Tracker

By: Quiet. Please
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 This is your European Union Tariff Tracker podcast.

Discover the latest developments and insights with the "European Union Tariff Tracker" podcast, your go-to daily source for comprehensive news and information about tariffs affecting the European Union, particularly those imposed by Trump and the United States. Stay informed about the dynamic world of international trade policies, economic impacts, and political negotiations that influence global markets. Perfect for business leaders, policymakers, and anyone interested in the intricate web of tariffs and trade relations, this podcast keeps you up-to-date with expert analysis and timely updates. Tune in daily to ensure you stay ahead in understanding how these tariffs shape the economic landscape of the EU and beyond.

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Episodes
  • Trump Extends EU Tariff Deadline to July, Avoiding Immediate Trade Escalation and Giving Negotiators More Time

    Trump Extends EU Tariff Deadline to July, Avoiding Immediate Trade Escalation and Giving Negotiators More Time
    Jun 1 2025
    Welcome to the latest episode of the European Union Tariff News and Tracker. As of June 1st, 2025, here’s the latest on tariffs, trade headlines, and policy tension between the United States, the Trump administration, and the European Union.

    President Donald Trump has granted the European Union an extension on looming tariff hikes, pushing the deadline for a deal to July 9th after a recent phone call with Ursula von der Leyen, the president of the European Commission. This extension comes after threats of raising tariffs on EU goods from the current rate of 10 percent to 20 percent if a deal isn’t reached. According to Politico, these tariffs were originally set to increase at the start of June, but the extension gives negotiators just over a month to avoid a significant escalation.

    The extension follows Trump’s Reciprocal Tariff Policy, announced in early April, which triggered new U.S. duties against trading partners deemed to have “nonreciprocal” trade arrangements—including the EU. EY Tax News reports that, since April, the U.S. has been applying a 10 percent country-specific tariff rate on many EU imports, and that this rate could be doubled to 20 percent in July unless substantial progress is made in negotiations. EU officials have stated they are preparing countermeasures but remain open to talks.

    On the economic front, the European Commission recently analyzed the effects of U.S. tariff hikes up to early April. They project that EU GDP would face a moderate reduction—roughly 0.2%—primarily due to weaker exports to the United States, one of the EU's largest export markets. European exports to the U.S. are expected to drop by between 1.1 and 1.5 percent as American firms and households pull back on European imports in response to these tariffs. However, some of that impact is offset as EU exporters pick up market share in third countries, partly due to the stronger U.S. dollar making American goods less competitive abroad.

    Before this trade conflict escalated, the average U.S. tariff on EU imports was just under 1.5 percent, but the new measures bring the effective average rate close to 10 percent, according to analysis from Bruegel, with the possibility of this climbing further to 20 percent next month. The EU did suspend some planned retaliation earlier in the spring to allow more space for negotiations, but pressure is mounting to respond decisively if talks with the Trump administration break down.

    A key factor to watch in the coming weeks is whether the EU and U.S. can de-escalate, or if the transatlantic trade relationship heads for a full-blown tariff war, which would have ripple effects across global supply chains. For your weekly tariff tracker, the current U.S. tariff rate on most EU goods sits at 10 percent; this rises to 20 percent in July unless a deal is reached.

    Thank you for tuning in to this episode of the European Union Tariff News and Tracker. Remember to subscribe so you never miss an update. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

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    3 mins
  • Trump Delays EU Tariff Hike to July 2025 After Talks with Von Der Leyen Ease Trade Tensions

    Trump Delays EU Tariff Hike to July 2025 After Talks with Von Der Leyen Ease Trade Tensions
    May 29 2025
    Welcome to the European Union Tariff News and Tracker podcast. Breaking news today as President Donald Trump's threatened 50% tariff on European Union goods has been officially delayed until July 9, 2025. This extension follows a phone conversation between Trump and European Commission President Ursula von der Leyen on Sunday, May 25.

    The European Union currently faces a 10% tariff rate similar to other countries, but this is scheduled to increase to 20% in early July if no agreement is reached within the original timeframe set by Trump. The President announced the extension on his Truth Social platform, stating it was his "privilege" to grant more time for negotiations.

    Von der Leyen characterized their conversation as "good" and expressed optimism about advancing discussions to meet the new deadline. She emphasized that "Europe is ready to advance talks swiftly and decisively" and noted that the EU and US "share the world's most consequential and close trade relationship."

    This development follows Trump's May 25th threat to impose the 50% tariff, complaining that the 27-member bloc had been "very difficult to deal with" on trade and that negotiations were "going nowhere." That announcement, along with threatened tariffs on Apple products, sent stock markets tumbling.

    The EU has recently adopted a firmer stance regarding negotiations with the American administration. Brussels had anticipated discussing the latest EU offers during a scheduled call last week and expected updates on potential high-level meetings in early June in Paris.

    In related news, Trump recently secured what the White House called "a historic trade win" with China on May 12. Under that agreement, both the US and China agreed to lower tariffs by 115% while maintaining an additional 10% tariff, with implementation by May 14, 2025.

    These tariff negotiations follow Trump's April 2nd declaration of a national emergency related to trade practices, when he imposed a universal 10% tariff on all countries using his authority under the International Emergency Economic Powers Act.

    For European businesses and consumers, the extended deadline provides a brief reprieve, but uncertainty continues to loom over transatlantic trade relations as negotiations enter this critical phase.

    Thank you for tuning in to European Union Tariff News and Tracker. Make sure to subscribe for the latest updates on this developing situation. This has been a quiet please production, for more check out quiet please dot ai.

    For more check out https://www.quietperiodplease.com/

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    3 mins
  • Trump Threatens 50% EU Tariffs Amid Escalating Trade War Tensions Sparking Global Economic Uncertainty

    Trump Threatens 50% EU Tariffs Amid Escalating Trade War Tensions Sparking Global Economic Uncertainty
    May 25 2025
    Welcome to the European Union Tariff News and Tracker podcast. It’s Sunday, May 25th, 2025, and today we have a packed update on the fast-shifting transatlantic trade landscape.

    Tensions between the United States and the European Union have escalated dramatically. On Friday, former President Trump announced via social media that he is recommending a straight 50% tariff on all goods coming from the European Union, set to take effect on June 1. Trump stated that the European Union was “formed for the primary purpose of taking advantage of the United States on trade” and criticized what he described as the EU’s “powerful trade barriers, VAT taxes, ridiculous corporate penalties, non-monetary trade barriers, monetary manipulations, and unfair lawsuits against American companies.” According to his statement, this action is in response to what he claims is a $250 billion annual trade deficit with the EU, a figure he calls totally unacceptable. Trump also clarified that “there is no tariff if the product is built or manufactured in the United States.” All of this follows his earlier “Liberation Day” tariffs imposed in April, which set a blanket 10% tariff on all nations, with a 20% reciprocal tariff specifically targeting the EU. In response to these threats, Ursula von der Leyen, President of the European Commission, released a forceful statement labeling the move “a blow to the world economy” and confirming that the EU would prepare countermeasures if the tariffs go into effect. Von der Leyen said the EU would remain open to negotiations but was finalizing a first package of countermeasures to shield European industries and interests.

    The U.S. government formally instituted these new tariff rates on April 9, 2025. Goods originating from the European Union are now subject to these country-specific tariffs even if shipped under a free trade agreement, and the baseline remains at 10% unless the EU removes the trade barriers identified by the U.S. Trade Representative. The White House states these moves are justified by what it calls nonreciprocal and harmful trade practices by foreign partners, aimed at defending U.S. economic sovereignty. The administration insists the tariffs will remain until it determines the threat from trade deficits and unfair foreign policies is resolved.

    So, what will these tariffs mean for Europe? The European Commission’s Spring 2025 economic forecast projects that U.S. tariffs could lower EU GDP by about 0.2%, with exports dropping 1.1% to 1.5% initially. While the United States is one of the EU’s largest export markets, some effects may be offset if EU producers gain ground in other markets or see competitive shifts in the U.S. vis-à-vis China, which faces even steeper tariffs. Nevertheless, uncertainty is weighing on European industry, with steel and aluminum producers already monitoring their tariff rate quotas for 2025 and preparing to adapt to new trade realities.

    That wraps up the latest developments on U.S.-EU tariffs, Trump’s new threats, and the looming countermeasures from Brussels. Thanks for tuning in to the European Union Tariff News and Tracker. Don’t forget to subscribe for all the latest updates on transatlantic trade. This has been a Quiet Please production, for more check out Quiet Please dot ai.

    For more check out https://www.quietperiodplease.com/

    Avoid ths tariff fee's and check out these deals https://amzn.to/4iaM94Q
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    4 mins

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