American President Donald Trump again dropped a branch bomb on Europe: on 1 August the US will introduce an import levy of 30 percent on all products from the European Union, he announced. What does that mean in concrete terms? Which Belgian companies will feel the hardest? And do we have to hit back with our own input taxes? Peter Vanden Houte, chief economist at ING, answers ten reader questions.
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What now Trump threatens with import duties of 30 percent? “That there is a tax, is above water like a pole”
Bytaketonews
Jul 14, 2025