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Trump announces 100 percent tariff on pharmaceuticals
US President Donald Trump has announced a 100 percent tariff on pharmaceutical imports, with exceptions for companies that produce in the USA. This could have significant implications for the German pharmaceutical industry.
US auto tariffs reduced to 15 percent
US tariffs on auto imports from the EU will be retroactively reduced to 15 percent, providing relief for car manufacturers. The trade agreement between the EU and the US is now fully implemented.
EU accelerates exit from Russian energy
The EU plans to accelerate the exit from Russian oil and gas imports to weaken Russia's war economy. This is influenced by US President Trump and the ongoing conflicts in Ukraine.
EU and USA agree on tariff reductions
The USA and the EU have agreed to reduce car tariffs to 15 percent to resolve their trade conflict. Additional agreements include the elimination of tariffs on US industrial goods and energy imports.
EU and USA agree on tariff deal
The EU and the USA have reached an agreement on reducing US tariffs on car imports from Germany. The tariffs could be retroactively lowered to 15 percent.
Increase in Air Conditioning Production and Imports in Germany
The production and import of air conditioning units in Germany have significantly increased over the past five years. Despite the rising numbers, there are concerns regarding the environment and high electricity costs.
Tariff pause extended between China and the USA
The USA has suspended the increased tariffs on Chinese imports for another 90 days. This could influence trade talks between the two countries.
US Tariffs for 70 Countries Come into Effect
The new US tariffs on imports affect nearly 70 countries and raise concerns in the German economy. President Trump threatens further increases if investments from Europe do not materialize.
Trump imposes tariffs on India
US President Trump has announced additional tariffs of 25 percent on imports from India in response to India's purchase of Russian oil. India criticized the tariffs as unfair and unjustified.
EU and USA Reach Customs Compromise
The EU and the USA have reached a compromise in the customs dispute, reducing tariffs on most imports from 30 to 15 percent. This is seen as a positive outcome for both sides.
Slovakia ends resistance to Russia sanctions
Slovakia has ended its resistance to new EU sanctions against Russia, which could allow the adoption of the 18th sanctions package. Prime Minister Robert Fico stated that blocking was not in Slovakia's interest.
EU plans counter-tariffs on US imports
The EU is preparing counter-tariffs on US imports worth 72 billion euros if negotiations with the US fail. EU Commissioner Sefcovic expressed disappointment over Trump's tariff announcement.
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