EU braces for higher prices as US trade war ramps up

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

---

Read Quick SummarySave Time

or

Article Details

Category: Business

Markets: United KingdomArgentinaAustriaBelgiumBrazilCanadaChinaFranceGermany

Topics: Companies Products Steel European Spirits Exports President Consumers Tariffs

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

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 4 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 15 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