Trump threatens tariffs and the European Union vows to respond.
Former U.S. President Donald Trump announced his intention to impose a 25% tariff on European cars and goods, which has sparked new trade tensions between the United States and the European Union. The European Commission responded that it would take immediate action against any unjustified barriers to free trade.
Trump accused the European Union of taking advantage of the United States, while Brussels rejected these claims, pointing out that the single European market facilitates trade and boosts American investments in Europe, with trade volume between the two sides reaching $1.5 trillion annually.
Direct economic impact Trump's statements led to a decline in the shares of car companies, with BMW and Porsche's stocks falling by 2.3% in the German DAX index, while Stellantis lost 3% of its value in the EuroStoxx index. Experts warn that this escalation could lead to a new trade war between the two sides, with significant economic repercussions.