It is located in the European stock markets for the new American definitions
The reaction of the main European stock markets on Thursday with a decrease of 2 % of the customs tariff announced by the President of the United States, Donald Trump, who will impose 20 % taxes on products from the European Union (European Union).
Specifically, the selective Paris decreased by 1.84 % around 9:45 hours; That Milan, 1.65 %; That Frankfurt, 1.53 %, and 1.25 %.
Brent Brent’s price was also affected, a signal to Europe, which fell more than 3 % on Thursday, to $ 72.66. In parallel, West West Texas (WTI), a reference to the United States, was transferred from $ 69.48, with a decrease of 3.14 %.
Trump tariff ads affect global trade
Trump announced on Wednesday – what he called “Liberation Day” – a 20 % tariff for all products from the European Union as of April 9, half of what is accused of Brussels of progressing to American goods.
China will be imposed on a 34 % tariff in response to the policies that, according to Trump, make the United States make 67 % more expensive products. In addition, as of May 2, the minimum system will be canceled, allowing the Asian giant to export products at less than $ 800 (739.2 euros) without paying taxes.
Trump also announced a 25 % tariff To import foreign cars from this midnight, with the aim of “making big America again” and re -launching the auto industry.
Economic reactions and consequences for the European Union
The imposition of a new tariff by the United States under the administration of Donald Trump led to immediate reactions in the financial markets and in the main sectors of international trade. According to the data updated by Excelsior and the director of the European Commission for Trade, European Union exports in 2023 represent approximately 501 billion euros, with industrial products and cars such as the main elements affected by the new 20 % definitions.
As for the cancellation of the minimum system, this threshold allowed tax -exempt entry to commercial charges at a value of less than $ 800. The elimination of this benefit will be particularly affecting e -commerce platforms such as Aliexpress, TEMU and Shein, which depends on low -value shipments to maintain their competitive costs.
The measure is seen as part of a Protection strategy Poor to stop the rise of Asian products in the American market.
The energy market is affected by commercial tensions
Regarding raw prices, the Brent and WTI falls can be linked to both commercial uncertainty and an increase in the oil reserves reported by the US Energy Information Administration (EIA), which has reported an increase of 3.2 million barrels in the weekly stock, exceeding the market expectations.
The direct impact on the European auto industry
Finally, the introduction of a 25 % tariff for foreign cars represents a direct blow to the European auto industry, especially Germany, which exported more than 470,000 cars to the United States in 2023, generating income for more than 25 billion euros, according to data from the German Automobile Industry Association (VDA).
Europe Press.
