Published: May 4th, 2025,
Last updated: May 28th, 2025

With his sweeping tariff agenda, President Trump has launched a wrecking ball into the global trade order. His partial ‘pause’ does not change the overall picture. US tariffs pose a major challenge to the EU economy: exports to the US account for 20% of all EU exports, worth €530 billion or roughly 3% of the EU’s GDP.