On June 2025, the President of the USA, Donald Trump, further tightened trade policy:
Steel and aluminum: from June 4, tariffs on metal imports are set to increase from 25% to 50% – this applies to all countries, including the European Union, except for the United Kingdom, which will continue to have the 25% rate until July 9. It is estimated that doubling the rates will result in annual burdens of about 50 billion USD.
Global tariffs (so-called "Liberation Day"): since April, a minimum of 10% tariff has been in effect on all foreign goods, with some countries subject to a 25% rate – exceptions are Canada and Mexico. This policy is still the subject of legal disputes and court appeals.
EU in response:
The European Union has postponed the implementation of the 50% tariff on EU goods from June 1 to July 9, allowing time for negotiations.
At the same time, it is preparing to introduce its own tariffs on imports from the USA, covering products worth nearly 100 billion €.