The impact of Trump’'s tariffs on the EU market is already becoming tangible; The negative trade trend is second only to Iran's ’.
According to Eurostat’, in the first three months of 2026’, the EU said that the value (€) of goods exchanged with the United States compared to the same period last year. %He lost 30 ’.
August 2025’te USA, AB’yi to various goods %Forced into a trade agreement that imposed 15 customs duties.
The Trump administration justified this by claiming that there are more than 300 billion Euro’ deficits with the EU.
Washington’'s shortfall with the EU is real. Around 200 billion euros.
But this is offset by the value of ’'s exports of services to AB’, ultimately reducing AB’'s overall trade surplus to just 21 billion Euro’.
Where else does the trade fall?
Tariffs hit key sectors of European ’, such as cars, pharmaceuticals, semiconductors, wine and cheese.
While the EU is preparing to implement its share of the agreement, the US remains the largest export market with approximately 120 billion euros; which is roughly equivalent to the total export value of the block's goods. form the ’.
However, the decline in trade with Washington’ compared to the first quarter of 2025’'s total exports to the rest of the world %9’ contributed to a depreciation.
China (the other main partners)%8) and Turkey (%8) Exports with – also declined, although – was less sharp. However, the sharpest decline occurred in Iran ’ with 44 percent; This decline is mainly due to sanctions related to its nuclear program, support for Russia's ’ and human rights violations.
On the front of good news, Indonesia’ya exports 2026In the first quarter of ’ is increased.
This came after the conclusion of a new trade agreement called CEPA, or the Comprehensive Economic Partnership Agreement, which aims to cut or remove tariffs on most EU exports, as well as facilitate customs procedures.
The agreement is expected to enter into force later this year or in 2027.
the ’a (India%1.8) and the United Kingdom’a (%2.3) Exports also increased, albeit less. AB’'s second largest export market after USA’ (UK) while he was in Switzerland (%9) and China (%7) and Turkey (%4) They follow.
Are there new tariffs on the horizon?
But the trade war between Europe and Washington may not be over yet.
Last month, Donald Trump announced imports from the EU and other trading partners. %He threatened to impose 10 or more tariffs.
The U.S. president accused the bloc of failing to combat trade in goods made by forced labor, and thus the U.S. allegedly undermined ’'s business interests. The EU rejected the accusation, finding “ to be unfair.
Trump also complained that Brussels ’ has not yet fulfilled its commitments under the trade agreement signed at ’ in July 2025.
AB’ye has until July 4th to sign its side of the agreement, and the bloc is currently preparing to ratify the agreement with a vote scheduled for June 16th in ’.
According to the agreement, AB’ is expected to lift taxes on U.S. industrial products and provide preferential market access to “ various seafood and agricultural products, including ” tree nuts, dairy products, fresh and processed fruits and vegetables, processed foods, planting seeds, soybean oil, pork and bison meat, the White House said.
