BEAMSTART Logo

HomeNews

EU braces for higher prices as US trade war ramps up

BBC Business LogoBBC Business4d ago

EU braces for higher prices as US trade war ramps up - BBC Business

Quick Summary:

For consumers, higher prices loom on supermarket shelves, but for businesses and industry the risks are higher.

The EU's initial countermeasures will take effect on US products on 1 April, ranging from jeans and motorbikes to peanut butter and bourbon, just as they were with the Trump administration's first tariffs in 2018 and 2020.

In total, the EU will target €26bn (£22bn) of US exports."We're not going to go into hypotheticals other than to say we've been preparing assiduously for all these outcomes," said EU spokesman Olof Gill.


More Pictures

EU braces for higher prices as US trade war ramps up - BBC Business (Picture 1)

or

Article Details

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 19:22:03 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 940 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 27059873

View Article Analysis

About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 6 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "EU braces for higher prices as US trade war ramps up" has 940 words across 34 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Which news outlet covered this story?

The story "EU braces for higher prices as US trade war ramps up" was covered 4 days ago by BBC Business, a news publisher based in United Kingdom.

How trustworthy is 'BBC Business' news outlet?

BBC Business is a fully independent (privately-owned) news outlet established in 1922 that covers mostly business news.

The outlet is headquartered in United Kingdom and publishes an average of 6 news stories per day.

It's most recent story was published 10 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #27059873
  • URL: https://beamstart.com/news/eu-braces-for-higher-prices-17421434895504

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2025 BEAMSTART. All Rights Reserved.