Trump wants 50 percent tariffs on EU goods from June
In the Trade dispute With the European Union has US President Donald Trump pronounced for punitive tariffs of 50 percent. This delivery for goods from the EU should come into force on June 1, the Republican wrote Truth Social on his online language tube. « There are no tariffs if the product is built or manufactured in the United States, » he added. On the ongoing negotiations, Trump wrote that she did not lead to anything.
The European Union was primarily founded for the purpose of overprovating the United States in the area of trade, Trump complained. He criticized « powerful trade barriers, VAT, ridiculous company penalties, non-monetary trade barriers, currency manipulations, unfair and unjustified complaints against American companies and much more ».
Fear of Trump’s tariffs boosts the economy
Negotiations run with Europeans
Trump surprisingly decided in April after great turbulence on the stock and financial markets, including many countries – including the EU – A break of certain tariffs for 90 days to grant. It is about punitive levies that are based on the trade deficit of the respective countries. The US President initially put part of his huge customs package, which he announced in early April. The EU had also announced that To suspend the planned counter tariffs on US products for 90 days.
Trump had threatened the EU in the amount of 25 percent, Should there be no own agreement with the USA. The month of July has been considered the deadline. So far, the Trump government has not dealt with an offer from Brussels for the mutual cancellation of all tariffs to industrial goods. In the past, however, Trump was actually optimistic about finding a solution in the customs dispute with the Europeans.
It is now completely unclear whether the punitive tariffs in the amount of 50 percent really come into force from June. Trump has regularly threatened with high tariffs in the past – and then carried out a U -turn. The US President wants to correct alleged trade weights with the tariffs and shift production to the United States. At the same time, customs revenues should serve to at least partially counter its expensive election promise of large tax cuts.
What options does the EU have to react to Trump’s tariffs?
The exchanges react
Update 3:00 p.m. The share prices worldwide fall after Trump’s customs threat. The S&P 500 futures lost more than one percent, since Trump’s announcement rejected the fear of a trade war.
The DAX had sagged to the deepest on Friday afternoon for two weeks and sometimes noted 2.5 percent at 23,404 points. This indicates a weekly loss of one and a half percent for the leading index. The MDAX lost 2.1 percent to 29,411 points on Friday afternoon. For the Eurozone-Leiten-Leindex EuroStoxx 50, it was 2.7 percent down. Especially banking, auto and technology values came under sales pressure after the trump threat.
Market expert Andreas Lipkow spoke of an ice -cold shower before the weekend. As part of the customs negotiations with the EU, the United States apparently wanted to increase the pressure significantly again and accelerate the dynamics of negotiation.
The gold price, however, continues to increase. The price of the precious metal, regarded in crisis times as a « safe port » in crisis times, had increased strongly about the high US debt.
After Trump’s customs announcement, the listing for a troy ounce (31.1 grams) in the afternoon trade on the stock exchange in London went up to $ 3,355. That was about $ 60 more than the day before. The gold price has now risen about $ 150 in the course of the trading week. Dpa/ Bloomberg
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