News, comments, assessments and developments on US tariffs:
Trump threatens Russia with customs of 100 percent
US President Donald Trump threatens to impose Russia up to 100 percent up for if the country does not agree within 50 days to hire the war against Ukraine. As Trump said on Monday during a meeting with NATO general secretary Mark Rutte in the Oval Office, the USA will “raise very strict tariffs if we do not reach an agreement within 50 days.”
EU presents new list for counter -tariffs – newspaper
According to the new customs announcements by US President Donald Trump, the EU is preparing additional counter-duties for imports from the USA worth 72 billion euros. This was announced by the responsible EU Commissioner Maros Sefcovic after a trade minister meeting according to Handelsblatt in Brussels. Preparations for the countermeasures are about a list of industrial and agricultural products from the United States, which should be affected by new EU tariffs if the European efforts fail for an amicable agreement. After a public consultation, she was recently adjusted a bit. Originally, it included imports from the USA into the EU worth 95 billion euros.
VDMA: Trump extends toxic uncertainty for companies
VDMA general manager Thilo Brodtmann criticized the tariffs threatened by US President Donald Trump from 30 percent to EU imports. “The new shift extends the toxic uncertainty for companies on both sides of the Atlantic. This brakes investments and weakens economic growth in both the USA and in Europe,” said Brodtmann. With the introduction of 30 percent punitive tariffs for August 1st, the US government countered its own industrial policy goals. “The EU Commission is already planning to discharge exuberant regulation,” added Brodtmann. “In view of the current situation, this process should be accelerated – this strengthens the competitiveness of European companies and also improves the starting point for constructive negotiations with the USA.”
EU trade commissioner is looking for contact with US colleagues
EU trade commissioner Maros Sefcovic wants to speak to his US colleagues again after President Donald Trump threatened to raise tariffs of 30 percent from the EU at the weekend. “I intend to speak to my US colleagues again every day, because I cannot imagine giving up without real efforts,” said Sefcovic on Monday.
EU Parliament demands robust response to Trump’s customs threat
The European Parliament increases the pressure on EU Commission President Ursula von der Leyen to react to the recent customs threats of US President Donald Trump more robust than before. “Trump’s letter is an insolence,” said Bernd Lange (SPD), head of the trade committee in the European Parliament to the mirror. “The EU should now immediately put the countermeasures that it has already decided.” The social democrat speaks of tariffs on US goods such as motorcycles, jeans or peanut butter, which has already adopted Europe in response to the steel tariffs imposed by the USA. However, because of the ongoing customs negotiations, she had suspended Brussels for the time being. According to Trump’s recent letter, in which he threatened the EU tariff of 30 percent from August 1st, the package is no longer held back in the opinion of the social democratic trade expert.
Trump announces customs from 30 percent to EU goods
From August 1st, US President Donald Trump plans to raise tariffs of 30 percent on goods from the European Union and Mexico. This emerges from two letters that Trump published on his social media platform. The letters are the latest messages in Trump’s global trade war and increase the use in intensive negotiations that aim to reduce the tariffs before August 1st. Trump has made the United States’ trade deficit a focus on its politics. He explained that he would consider reducing the tariffs if the EU “offers the United States complete, open market access without customs duties being charged”, and if Mexico contributes more to combat the drug cartels, which in his opinion try to “transform all of North America into a playground for drug trafficking”.
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(End) Dow Jones Newswires
July 14, 2025 11:31 ET (15:31 GMT)