What impact will US tariffs have on Europeans' wallets?

European producers are scared by the US threat of 20% import tariffs. Producers may have to slash prices to get their products sold elsewhere.

What impact will US tariffs have on Europeans' wallets?

The 20% tariffs imposed by the Trump administration on European products could drive down prices on the continent.

Washington’s latest tariff offensive hits the European Union hard by imposing 20% taxes on its exports to the US. The measure directly affects key sectors such as automotive, steel or aluminum, and its consequences go beyond production, also affecting investors and consumers. On a date it called the “Liberation Day,” US President Donald Trump called the European Union “parasite” and justified the restrictions as a defense of fair trade.

2025 - Impact on German Shoppers: Will Prices for iPhones, Big Macs, and Jeans Rise Soon?

US tariffs are expected to significantly affect consumers, especially as the EU considers countermeasures. With proposed tariffs of up to 20% on various European products, iconic items like bourbon and motorcycles may see price increases in the US. Conversely, American jeans might remain stable in price due to diverse production. While some economists predict minimal overall impact on European prices, the final effects will depend on the EU’s sp…

TLDR News EU — Why Trump Could Actually be Great for Europe’s Economy

Trump's currently imposing tariffs on everyone - with a 20% tariff hitting Europe. The thing is, this might actually help the EU. So in this video we explain 5 reasons why Trump and his wild tariffs could end up helping the EU.

President Donald Trump's tariffs threaten Europe with serious economic consequences, curbing European exports and economic growth. Analysts, including those at ABN Amro and Goldman Sachs, expect a significant decline in economic performance, predicting a period of stagnation or even recession. The situation is further complicated by the fact that the European Central Bank is expected to embark on an accelerated interest rate cut cycle due to wea…