Tariffs in context: A timely business trip yielded a perspective from the European Union

Tariffs in context: A timely business trip yielded a perspective from the European Union

I spent nearly four weeks in Europe this spring, where my company serves central European and Nordic clients. To be exact, I spent 26 days in eight cities and four countries—and to say that doing business in Europe is challenging right now is an understatement. It may be the toughest time in 70 years to try and garner Euro customers due to the current geopolitical atmosphere. There has long been a need for the U.S. to level the playing field wit…

Europe in the age of trade uncertainty

Uncertainty grows, the euro gains The U.S.’s reciprocal tariffs are on pause until early July 2025, though 10 percent universal tariffs are still in effect, as are 25 percent sectoral tariffs on steel, aluminum, and autos (with carve-outs). The Trump administration is pondering tariffs on pharma, copper and lumber, with the former being the EU’s largest export to the U.S. For now, unsurprisingly, U.S. trade policies have weighed on European con…

Transatlantic Trade Monitor: Facts You Need Now | US Tariffs and Europe | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources US Tariffs and Europe

By Fabio Balboni, Senior Economist, Eurozone, and Janet Henry, Global Chief Economist, HSBC The word “uncertainty” does not do justice to the current global economic outlook. We knew 2025 was going to be an unpredictable year, but the pace of US policy shifts since the ‘Liberation Day’ announcements has been dramatic. The reciprocal tariff unveiling, associated financial market turmoil, the US administration’s rapid U-turn, and a doubling down o…