The latest round of tariffs by the Trump administration creates confusion for traders and countries, with Asian nations facing high rates and limited exemptions, while the EU receives a flat 20% rate affecting individual member states differently. Surprisingly, countries with which the US has trade surpluses are hit by the tariffs, based on 2024 trade data, which may not reflect long-term trends, resulting in unexpected outcomes like Namibia’s high tariff rate.
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The EU doesn’t need a deal with Trump
Ursula von der Leyen is meeting Donald Trump in Scotland to discuss trade as tariff deadlines approach, drawing insights from her recent summits with Japan and China. The article argues that the EU should not concede to US pressures, highlighting the unpredictable nature of Trump's negotiations and suggesting that both the US and EU have more to lose than appears. Want More Context? 🔎
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