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Trade 26 Mar 2026

US announces sweeping new tariffs on European industrial imports

Background: The United States and European Union have been engaged in ongoing trade negotiations since early 2025. The newly announced tariffs target steel, automotive components, and pharmaceutical goods — sectors central to both economies. European leaders are expected to respond within 48 hours.
DT
Donald Trump
President of the United States
Official

Trump stated that the tariffs are designed to correct longstanding trade imbalances and protect American manufacturing workers. He described European trade practices as unfair and indicated further measures could follow if negotiations stall.

Original post on X — 09:41 EST
UvdL
Ursula von der Leyen
President, European Commission
Official

Von der Leyen expressed strong opposition, stating the EU will respond with proportionate countermeasures. She emphasised that open, rules-based trade has historically benefited both sides and called for immediate dialogue to avoid escalation.

EU Commission official statement — 14:12 CET
FM
Friedrich Merz
Federal Chancellor of Germany
Official

Merz described the tariff announcement as a serious blow to transatlantic relations and called for a united European response. He indicated Germany would push for an emergency EU trade summit and warned of significant economic consequences for the automotive sector.

Press conference, Berlin — 15:30 CET
EM
Emmanuel Macron
President of France
Official

Macron stated that Europe must respond with strength and unity, arguing that economic sovereignty requires the ability to defend European industries. He stopped short of announcing specific measures but indicated France supports firm countermeasures.

Statement via Élysée Palace — 16:05 CET
View factual claims analysis
Claims reviewed:

Trump's claim that the EU runs a large trade surplus with the US — Verified. The EU-US goods trade surplus was approximately €155bn in 2024 (Eurostat).

Von der Leyen's claim that EU-US trade supports millions of jobs — Verified. The European Commission estimates 16 million EU jobs are linked to US exports.