President Donald Trump announced new comprehensive tariffs in March and April 2025, which apply both geographically (via the International Emergency Economic Powers Act – IEEPA) and specific sectors (via Section 232 of the Trade Expansion Act ). The measures affect transatlantic trade in numerous sectors, including automotive, energy products, and steel/aluminum.
This overview provides manufacturers and businesses with a compact basis for assessing developments, potential impacts on existing supply chains, and devising a strategy.
President Donald J. Trump Further Modifies the Reciprocal Tariff Rates
RESTRUCTURING GLOBAL TRADE TO BENEFIT AMERICAN WORKERS: July 31, 2025, President Donald J. Trump signed an Executive Order modifying the reciprocal tariff rates for certain countries to further address our exploding, annual U.S. goods trade deficits. This decisive action reflects the President’s continued efforts to protect the United States against foreign threats to the national security and economy of the United States by securing fair, balanced, and reciprocal trade relationships to benefit American workers, farmers, and manufacturers and to strengthen the United States’ defense industrial base.
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