US tariffs on European goods threaten to shake up the world’s largest 2-way trade relationship
- In early April, President Donald Trump introduced a 20% tariff on goods imported from the European Union, affecting products entering the United States.
- The tariffs respond to the U.S. trade imbalance, with the EU having a 198 billion-euro surplus and Trump threatening to raise rates to 50%.
- The EU intends to respond by imposing tariffs on a wide range of American goods, while businesses and consumers are experiencing higher expenses and decreasing confidence.
- AlixPartners reported 37% of shoppers changed habits due to tariffs, with a $1,000 dress now costing $2,680 after adding $1,680 in fees.
- The trade tensions slowed commerce, lowered consumer spending, and pressured firms to consider U.S. production shifts, implying broad economic consequences.
86 Articles
86 Articles
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For many American shoppers, the cost of convenience afforded by e-commerce platforms could be getting just a little too costly. According to a new survey, online retail sales saw their biggest overall decline in more than a decade, largely driven by the Trump administration’s tariff policies. The survey, conducted by consulting firm AlixPartners, took the temperature of 1,100 adult U.S. consumers across generations and income brackets, as well a…
Rising tariffs impact local beauty supply stores and customers
BATON ROUGE, La. (Louisiana First) -- At Jaber Beauty Supply in Gonzales, tariffs aren’t just a line item on a bill; they’re changing the way local shops do business and what customers pay at the register. “There are some items that went up outrageously, and there’s a lot of customers that are used to a certain price and it’s hard to keep at that price,” said Moe Jaber, owner of Jaber Beauty Supply. Rising tariffs and ongoing supply chain challe…
US tariffs on European goods threaten to shake up the world’s largest trade relationship - National
The EU awaits Trump’s tariff decision, which could raise duties on European goods to 50per cent, risking a trade war that may hurt U.S. consumers and global companies alike.
Why a tariff standoff with the EU could hurt the US more than it helps
As Trump threatens steep tariffs on European goods, economists warn that the trade standoff could end up hurting the US economy more than helping it. Higher prices, disrupted supply chains and retaliatory EU tariffs could strain American consumers and businesses ahead of a fragile economic recovery.
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