Trump’s tariffs to hit €380B of EU goods, first estimates show

Trump’s tariffs to hit €380B of EU goods, first estimates show

Seventy percent of European exports to the U.S. are at risk of being affected by tariffs, an EU official said.

Trade tariffs of 20 percent, that's what Donald Trump wants to impose on goods from the EU.

He said this on the air of the Espresso TV channel.” The introduction of tariffs is primarily a propaganda and political PR action that meets Trump's promises to his electorate. That is, he has certain calculations for increasing revenues to the treasury, that American enterprises will return, and foreign investment will grow in the United States. But these are calculations and political goals,” Shamshur observed.According to the diplomat, Trump…

According to preliminary calculations, the United States will collect 81 billion euros in tariffs on European imports

Duties will apply to 70 percent of EU exports to the US, and the total duties that the US will collect on EU exports will jump from 7 billion euros to just over 81 billion euros, an EU source said on Thursday.