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Impact of US tariffs varies across European Union
The EU as a whole has an annual trade surplus with the United States of $235.6 billion, according to the Bureau of Economic Analysis (BEA), which reports to the U.S. Department of Commerce. Only China has a higher amount. Ireland has the largest surplus among EU members, at $86.7 billion.
President Donald Trump announced new tariffs on the European Union and Mexico that will take effect on Aug. 1.
After months of seeing very little inflation, US consumers probably experienced slightly faster price growth in June as ...
Growing numbers of retailers and consumer brands are shifting their focus to Europe and other markets from the United States, as they expect U.S. tariffs to spark price hikes that will drive ...
Germany's Economy Minister Katherina Reiche warns that President Trump's proposed 30% tariffs on EU imports could harm ...
Impact on the European Union: Direct effect : About 2% of EU27 GDP depends on US demand. With tariffs of 20%, volumes to the US are likely to decline by about 15%.
The US economy is expected to slow the rest of the year as tariffs take a bigger toll on consumers and businesses, immigration constraints intensify ...
US President Donald Trump posted two letters to social media on Saturday announcing updated tariff rates of 30% to Mexico and the European Union. He informed the key trading partners that the ...
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