Trump's tariffs on Europe/ How will European consumers be affected?!
Prices of European products are expected to rise in the United States. On the other hand, the trade agreement should not cause inflation in Europe, as the European Union has not imposed tariffs on American products.
The US and the EU reached a deal to avoid a trade war between the world's two largest economies, averting US President Donald Trump's threat of 30 percent tariffs on most European goods.
Under the previous pact, about 70 percent of the bloc's exports to the US will now be subject to a 15 percent tariff, while the remaining 30 percent is still part of further negotiations.
The European Union has not imposed tariff barriers on American products, so their prices will not increase in Europe. "The impact on European consumers will be limited," explain industry experts.
"Customs tariffs are paid by the importer. In this case, the 15 percent tax that the United States imposes on EU products applies to American importers. This means that some products may become more expensive for American citizens," they underline.
The rise of Chinese products
In the long term, Chinese products currently exported to the United States could find their way into the European market, which could lead to lower prices in Europe.
"The main effect will be a decrease in demand for European products in the United States, less demand for Chinese products in the United States, and that means these products will then try to find a market in Europe, bringing lower prices," said a European market researcher.
However, these low prices for European consumers would be bad news for some businesses. “There are some companies that are in direct competition with Chinese rivals. And these companies will have difficulty with the low prices in the market,” he explains.
Decrease in demand for EU products in the US?
European firms that export to the United States risk facing a drop in demand on the other side of the Atlantic as their products become more expensive. This could lead to a drop in their revenues and potentially job losses in Europe.
“There are some companies in certain sectors, such as the pharmaceutical industry, where a large portion of exports and employment are related to products going to the United States. But in most sectors, this constitutes a small percentage of production,” analysts say.
As a result of the deal, Trump hopes that foreign companies will open factories in the U.S. to avoid tariffs. However, uncertainties about the pact and the duration of these tariff barriers could have the opposite effect, discouraging European companies from investing in the U.S.
French wine, under Trump's "target" - 15% tariffs will cost the industry about 1 billion euros
France's wine and spirits industry is expected to lose around 1 billion euros if the United States imposes a 15% tariff on its products next week. The......
OPEC+ to increase oil production from September - The decision is expected to increase demand and lower global prices
OPEC+ countries agreed to increase oil production by 547,000 barrels per day from September, a move that could further lower prices this year. The eight......
Food self-sufficiency, how does Albania rank - We produce more fruit and dairy but less cereals
Visual Capitalist has published a study in the scientific journal Nature (2025). This assessment compares the level of food production of countries with......
European car industry "under pressure" - Tariffs on vehicles will remain at 25%, despite US-EU pact
The United States continues to impose 25% tariffs on European vehicles, despite a pact with the EU for 15% duties. Also, uncertainties remain for many......
Eurozone unemployment at record lows - Southern European countries lead job growth
Unemployment in the eurozone has hit historic lows in recent months, with southern European countries such as Spain, Italy and Portugal leading the way in......
Dukagjin Road, works on the Prekal-Lotaj-Ndërlysaj axis - Rama: One of the most important segments of the north of the country
The road axis that connects Shkodra with Lekbibaj in Tropoja and then with Bajram Curri, which passes through the Valbona Valley to continue further with......
'National Tourism Strategy 2030'/ 6.7 billion euros in tourism revenue. Here are the 6 big priorities!
The Albanian government has announced its ambition that by 2030, revenues from the tourism sector in Albania will reach around 6.7 billion euros, an increase......
Italians interested in Pashaliman Naval Base - The aim is to rebuild the shipyard for the production of Navy ships
Italian investors are interested in reviving and putting into operation the Pashalimani Naval Base. The news was announced by Defense Minister Pirri Vengu, who......
