The US will impose a 25% tax on all EU goods.

"We've made a decision and we'll be announcing it shortly. Generally speaking, the tariffs will be 25%, on cars and everything else," President Donald Trump said at his first cabinet meeting on February 26, referring to the plan to tax EU goods.

Mr Trump accused the EU of “really taking advantage of us”.

The EU imposes a 10% tariff on passenger cars, four times the 2.5% rate in the US. US officials also complain about Europe’s value-added tax of at least 17.5%.

The EU has vowed to respond "firmly and immediately" to what it calls unjustified trade barriers imposed by the Trump administration.

“The EU will respond firmly and immediately against unjustified barriers to free and fair trade, including when tariffs are used to challenge legal and non-discriminatory policies,” a European Commission spokesperson said. “The EU will always protect European businesses, workers and consumers from unjustified tariffs.”

The EU is the US’s third-largest trading partner, along with China. According to Bloomberg, Trump’s tariffs could hit EU exports by as much as $29.3 billion.

French President Emmanuel Macron met Mr Trump in Washington this week and is confident he has convinced the White House owner to avoid a trade conflict with the EU and instead focus on China.

Polish Prime Minister Donald Tusk said the EU would do everything possible to avoid "a completely unnecessary tariff war".

Since taking office late last month, Mr. Trump has pursued policies of raising tariffs even with America's largest trading partners.

At yesterday's meeting, Mr. Trump said he would implement the decision to impose a 25% tax on the US's two largest trading partners, Canada and Mexico, next week. Meanwhile, the US has imposed a 10% tax on imported goods from China since the beginning of this month.

Earlier this week, Mr Trump warned that he would impose tariffs on foreign cars, pharmaceuticals and semiconductor chips in the coming weeks after announcing tariffs on imports of aluminium, steel and copper.

He also directed the team to draft a reciprocal tax policy, responding proportionately to countries that impose tariffs on US goods.

Many economists warn that Mr. Trump's plan risks damaging the US economy and leading to a global trade war.

Source: https://dantri.com.vn/the-gioi/my-se-ap-thue-25-voi-toan-bo-hang-hoa-eu-20250227073556107.htm