The President of the United States, Donald Trumpannounced the introduction of duties to 50% on imports from the European Union, starting from 1 June. The news, communicated through the Social Truth, shook the markets and precipitated the European bags. Milan closed at -1.94%Paris at -1.65%, Frankfurt at -1.54%, while London recorded a more content drop (-0.24%) thanks to a commercial agreement previously reached with the United States. Overall, the European bags have burned 183 billion euros in terms of capitalization.
Trump called “unacceptable” The commercial deficit between the United States and the European Unionclaiming that the latter was created to take advantage of the United States in the economic field. “With the EU we have a huge deficit. They sell millions of cars here, while we were not allowed to sell our cars there,” said the American president, adding that The ongoing negotiations are not “going anywhere”. He also stressed that the duties will not apply to European products made directly in the United States.
Repercussions for specific sectors and companies
The decision also involved large companies such as Apple And Samsung. Trump threatened to impose a 25% duty on the products of these companies, produced outside the United States, as part of a plan to report American production on the national territory. This provision could also affect numerous European sectors, in particular automotive, technology, fashion and agri -food, which boast a significant presence in the United States. For example, Italian exports of goods such as wine and olive oil, machinery and luxury products risk being seriously affected.
In response to the announcement of Trump, the European Commissioner for Commerce, Maros Sefcovicsaid he was ready for dialogue, reiterating the EU’s availability to work “in good faith”. Sefcovic stressed that trade between the EU and the United States is unique in its kind and should be based on mutual respect, not on threats. However, the European Union declares itself ready to defend its interests in case of need.
After all, if you have learned to meet Trump, it is clear to everyone that what he says in his social posts then becomes a real threat. It should be taken with the pliers of a negotiator who tends to shoot the exaggeratedly high price, to make some noise. According to some observers, Trump could use the announcement as a tool to negotiate better conditions.
Trump’s criticisms fit into a wider context of troubled commercial negotiations. According to the secretary of the American treasure, Scott Besent, the European Union presents a “collective action problem”where Member States such as Germany and France have divergent interests, respectively focused on automotive and agriculture. Tensions are also reflected on the rhythm of the negotiations, judged slowly by the US President, who has chosen to increase the pressure with this new move.
Franco Lodige, May 24, 2025
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