By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Global NewsphereGlobal Newsphere
  • International
  • Sports
  • Business
  • Entertainment
  • Politics
  • Travel
Reading: What will be the impact of a US-EU trade war on the life of EU citizens? 
Notification Show More
Global NewsphereGlobal Newsphere
  • International
  • Sports
  • Business
  • Entertainment
  • Politics
  • Travel
© 2025 All Rights reserved | Powered by Globalnewsphere
Global Newsphere > International > What will be the impact of a US-EU trade war on the life of EU citizens? 
What will be the impact of a US-EU trade war on the life of EU citizens? 
International

What will be the impact of a US-EU trade war on the life of EU citizens? 

March 13, 2025 4 Min Read
Share
SHARE

There could be a transatlantic trade war on the way. The European Commission has responded with similar measures, targeting a variety of US products. But what does this mean for ordinary Europeans?

The ghosts of the Transatlantic Trade War appear again in the US and the EU. On March 12, the US applied a 25% tariff on steel and aluminum imports, and the EU responded with measures.

In her statement, the Ursula von der Reyen Commission stressed that tariffs are “bad for business and bad for consumers.”

Euronows tried to find out why.

Brussels-based economist Vasilios Pusalas, an expert in DeHavilland Europe, claimed that tariffs would not bring any profits based on economic orthodox.

“Tax policy affects the means of production. So, when it comes to reserves, natural reserves such as steel and aluminum will ultimately affect production machines at the European Union level,” he told Euronows.

“However, we are not particularly sure whether these tariffs will involve additional policies from EU institutions.

Research shows tariffs will first strike the US

The latest study from the German think tank Kiel Institute shows that tariffs raised by the US in the European Union hurt the US in terms of inflation, employment and growth levels, first and foremost.

But what about European citizens?

“The impact on European citizens is unpredictable at this time as there are different channels about how tariffs will ultimately affect citizens,” Psarras said, adding that citizens can switch consumption to domestic goods when imported items rise in prices.

“But there are two very serious issues to consider, which will be financial and financial market responses.”

See also  Delta flight evacuated after engine fire at Orlando airport

Are Europeans adequate options?

But if some products are too expensive, can EU citizens find alternatives?

Psarras believes that the EU can replace most American products such as electric vehicles, if not all.

“We saw that Tesla sales not only plummet, but it is one of the most intense and complete AI tools used. Chat GPT could actually be replaced by French alternative Mistral AI. Even with Google as an exception, I think the search engine, a huge majority, would actually be replaced.”

“What we cannot replace is the US domination of the financial system, particularly the capital markets.”

The US recession with global effects is now a possible scenario

Analysts say the EU relies on the US financial system. The EU is not affected by its outcome, so the possibility of a recession in the US could have an impact on the European economy.

Psarras does not rule out the US recession scenario with global impacts.

“We are still unsure of what will happen to us and, as a result, international growth, as more and more analysts are now discussing the outlook for the US recession. Even Donald Trump said that even his recent state of affairs could get worse before things get better.

Psarras explained that although the EU has responded more effectively to global crises in the past, it is still fairly unprepared to deal with a massive global recession, and this needs to change.

You Might Also Like

Trump raises China tariffs to 104% in major escalation

Belarus’ opposition leader Tsikhanouskaya says regime change just a matter of time

Russia launches drones strikes on Ukrainian city of Kharkiv, starting fires across city

Multiple people injured as Russian drone attack sets off large fires in Kyiv

Spanish PM’s former aide Santos Cerdán detained without bail in corruption probe

TAGGED:Europe
Share This Article
Facebook Twitter Email Copy Link
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

Monzo fined £21m (€25m) for allowing fake addresses like ‘Buckingham Palace’
Monzo fined £21m (€25m) for allowing fake addresses like ‘Buckingham Palace’
Business
Irish horror ‘The Morrigan’ among 31 world premieres at Galway Film Fleadh
Irish horror ‘The Morrigan’ among 31 world premieres at Galway Film Fleadh
Entertainment
The Epoch Times
Economic Advisers Council Reports Import Prices Falling, Undercutting Tariff-Driven Inflation Fears
Politics
Syria issues appeal to EU for help battling massive wildfires along northwestern coast
Syria issues appeal to EU for help battling massive wildfires along northwestern coast
International
Trump’s u-turn after u-turn on Ukraine support ‘is disturbing’
Trump’s u-turn after u-turn on Ukraine support ‘is disturbing’
International
Nate Diaz UFC
Nate Diaz Looks To End Two Year Absence From UFC and Identifies Conor McGregor or Max Holloway As Potential Opponents
Sports

About Us

Welcome to Global Newsphere, your trusted source for breaking news and insightful analysis from around the world. Our mission is to keep you informed with accurate, timely, and well-researched news that matters.

Legal Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Trending News

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike

The Epoch Times

Noem Taps New Leadership at ICE, Moves to Identify Leakers Within DHS

If You Don’t Have a Real ID by May 7, Can You Still Fly?

If You Don’t Have a Real ID by May 7, Can You Still Fly?

Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike
Flight cancellations at Germany's Hamburg Airport affect more than 40,000 passengers after strike
March 10, 2025
The Epoch Times
Noem Taps New Leadership at ICE, Moves to Identify Leakers Within DHS
March 10, 2025
If You Don’t Have a Real ID by May 7, Can You Still Fly?
If You Don’t Have a Real ID by May 7, Can You Still Fly?
March 10, 2025
The Epoch Times
Trump Rebukes Former Australian PM For Claiming CCP Leader More ‘Respectful’
March 10, 2025
© 2025 All Rights reserved | Powered by Globalnewsphere
Welcome Back!

Sign in to your account

Lost your password?