US EditionEuropean Luxury Brands Turn to ‘Smart’ Price Hikes Amid Tariff Strain
11 Articles
11 Articles
Prices of European products are expected to rise in the United States. On the other hand, the trade deal should not cause inflation in Europe, as the European Union has not imposed counter-tariffs on American products. Experts say the impact of a temporary trade agreement reached between the European Union and the United States on European consumers will be limited, euronews reports. On Sunday, the US and the EU agreed on a deal to avoid a trade…
European Luxury Brands Turn to ‘Smart’ Price Hikes Amid Tariff Strain
Following the EU–U.S. trade agreement announced on July 27, European luxury brands have avoided the steep tariffs once threatened by President Donald Trump, but still face elevated rates. With sales slumping in recent years, some brands are recommending price increases “in a smart way.” Under the agreement, most goods imported into the United States from the EU, including automobiles, will face a 15 percent tariff, half of the 30 percent rate th…
On the other hand, the issue of services, particularly digital services, has not been addressed, and would this be a possible lever for negotiation in favour of the 27 EU Member States?
Thanks to the agreement reached with the European Union, Donald Trump hopes to reduce the US trade deficit. If the Old Continent exports its goods massively, it also appears to be a good customer of American services.
Revenues could increase further with the scheduled increase in some customs duties starting this Friday. The United States earned more revenue from customs taxes during
Slovakia is the only country to have its tariffs reduced following the agreement between the US and the EU. However, only Poland and Bulgaria will have a higher effective tariff rate. While most European countries will be worse off after the new tariff agreement between Washington and Brussels, Slovakia will be better off. Its exports will no longer be the most affected by US tariffs. The effective tariff rate for Slovak exports to […]
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