The sweeping tariffs introduced by the Trump administration mark a major turning point in global trade. Within just two months of his second term, Trump imposed universal tariffs on aluminium and steel, followed by duties on cars and car parts. ‘Reciprocal’ tariffs of 11 % to 50 %, targeting countries with trade surpluses with the US, have been put in place alongside a universal 10 % tariff on nearly all other imports.
Markets plummeted, and policymakers are divided: some countries have chosen retaliation, others caution, and all are rethinking their trade strategies.
In this CEPS members-only webinar, we will discuss the EU’s response, the risks of escalation, and the broader implications for EU businesses and the economy at large.
