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Filtering by entity: Ursula von der Leyen | Clear Filter
Summary:The White House announces its intent to impose a 30% tariff on all European Union products imported into the United States starting August 1, 2025. This action is presented as a response to persistent trade deficits and non-reciprocal trade practices with the EU, which are deemed a threat to U.S. economy and national security. The letter indicates that if the EU retaliates with its own tariffs, those amounts will be added on top of the existing 30% U.S. tariff, while offering tariff exemptions for EU companies that manufacture within the United States.
Sentiment:Directive
Key Claims:
- The United States has a long-term, large, and persistent trade deficit with the European Union.
- The trade deficit is caused by European Union tariffs and non-tariff barriers, making the relationship non-reciprocal.
- Effective August 1, 2025, the U.S. will charge a 30% tariff on all European Union products sent into the United States.
- Goods transshipped to evade higher tariffs will be subject to those higher tariffs.
- No tariffs will apply if European Union companies decide to build or manufacture products within the United States.
- The U.S. will facilitate quick approvals for European Union companies manufacturing within the United States.
- The European Union is expected to allow complete, open market access to the United States without U.S. tariffs.
- If the European Union retaliates by raising its tariffs, that amount will be added onto the 30% U.S. tariff.
- These tariffs are necessary to correct the many years of European Union Tariff and Non-Tariff Policies and Trade Barriers.
- The large and unsustainable trade deficits against the United States are a major threat to the U.S. economy and national security.
Potential Market Impact (S&P 500):9/10
Potential Geopolitical Risk:5/10
Potential Global Cross-Asset Impact:9/10
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