What are the European Union exports that will be more affected by the threat of tariffs by 50 % of Trump?
propagandaHours after knowing that Germany GDP I registered some Not expected results In the first quarter -in the great measure that is promoted by the power of exports -the future views of the largest economy in Europe, and in fact, in the entire bloc, They collapsed greatly.
President of the United States, Donald TrumpHe was patient last Friday, saying in a post on social networks that trades negotiations with the European Union, “You did not go anywhere.” The president threatened to impose a 50 % tariff for European Union products Imported in the United States, with the effect of June 1.
After that, after talking to the President of the European Commission, Ursula von der Lin, during the weekend, The imposition has postponed From the huge tariff Until July 9, 2025Provided that an agreement is not reached before that date. Von der Lin said: “Europe is ready to quickly strengthen conversations and decision,” said von der Lin. “To reach a good agreement, we will need time until July 9.”
What will be a 50 % tariff for the European Union economy?
Since the United States was A greater member of goods exports in the European Union in 2024 (20.6 %), whose value is more than 530,000 million euros, according to Eurostat, the effect of such a tariff is great. Most analysts agree that it is undoubtedly It would cause stagnation in the euro areaWhich will reduce European interest rates more than expected.
“A 50 % tariff can hinder growth significantly and incite the European Central Bank to continue this Cash relaxation“Investment House and Special Banking Services Edmund from Rothschild confirms in an email.” If the American administration continues to threaten it by imposing a 50 % email, adding that it can lead to a deep recession in the euro area “that the European Central Bank may force the ZLB to be approaching (when short -term interest rates reach zero).”
Before the President of the United States threatened, the European Commission reduced its economic expectations, taking into account not only the potential definitions of 10 % -20 %, but also An important effect of uncertainty. Which also affected the last indicator of the purchasing managers The euro areaThat began to descend, which shows a shrinkage of services, while carrying the manufacturing sector better.
However, the Manufacturing industry It is one of the main sectors exposed to suffering if the United States is imposed on the high definitions of European Union products. According to the EUROSTAT report recently, the main goods of trade between the European Union and the United States are Medical and pharmaceutical productsIn the case of exports, and oilIn imports.
The five groups of the most exported goods by the European Union in 2024 (49.5 %) of all exports to the United States. The main exports were medical and pharmaceutical products (22.5 %), which were almost value 120,000 million euros last year. I followed this category Vehicles From the road (9.6 %), at a value of about 51,000 million euros. The European Union is already facing a 25 % tariff on its steel and aluminum imports Cars.
the The aviation sector European, including Airbus, Ben On the point of view From the United States. Previously, including the European Union Boeing In the list of proposed American products 95,000 million euros This can be affected by the European Union definitions if an agreement is not reached.
In total, and European Union GDP It can be affected by a 0.5 %According to Maria Demertis, Director of the Economic Strategy Center for the Conference Council for Conferences in Brussels, Fenangal Time was martyred. Dimerzis is based on her expectations in a previous study of the European Commission, according to which 20 % of the definitions will reduce the GDP in the European Union about 0.2 % annually, mainly due to the weakening of export.
What are the European Union countries most affected by the American commercial tariffs?
Germany, Ireland, Italy and France are the European Union countries, most of which are exporting to the United States, and therefore. The most vulnerable To increase the customs tariff. Germany He was the largest source of goods for the United States in 2024, due to the high volume of vehicle exports and pharmaceutical products.
Ireland It is mainly displayed through the pharmaceutical sector, since many companies of this type have factories in Ireland, where taxes are low. Italy It is also among the weak member states, with a large exposure in transport equipment, car manufacture, fashion and pharmaceutical products.
Analysts expect Volatility In the markets in more than a month, the remainder of the conclusion of negotiations. Previously, the European Union gave signs that the current 10 % can be maintained. “From our talks with the committee, this is clearly followed It will be difficult to lose from 10 % Among the American definitions, he told a European diplomat “Eurono” last week, before the recent threat of President Trump. Meanwhile, European Commissioner for Trade, Marus Civkovic, planned to speak to his American counterparts on Monday afternoon.
