Trump announces tariffs on EU in retaliation to VAT
The president has initiated a process to establish reciprocal tariffs for all, but plans to apply them specifically to target any perceived fiscal, regulatory or commercial barrier
Donald Trump is taking a new step in his protectionist agenda. The U.S. president has decided to impose reciprocal tariffs on foreign trade, meaning imports from trading partners will be taxed at rates equivalent to those imposed on U.S. exports. However, Trump interprets structural, regulatory, and even fiscal obstacles as tariffs. In particular, he aims to target the European Union in response to its value-added tax (VAT), which applies to all products and is viewed by Washington as a non-tariff barrier.
