Trade sanctions imposed by the US result in a disagreement with the EU

The United States of America (USA), one of the most powerful countries in the world, is currently embroiled in a trade dispute with the European Union (EU). This disagreement stems from the tariffs imposed by US President Trump as part of his trade policy, aimed at making the USA wealthier.

The EU, a political and economic union consisting of 27 countries, including Germany, has the power to make laws that apply to all member countries. The tariffs, initially set at a general 20%, have been negotiated down to 15% following an agreement in July 2020. However, starting from April, the EU will impose higher tariffs on products from the USA.

The tariffs have had a significant impact on the American economy. The increased prices have led to fewer people buying products from the USA, particularly as the USA, approximately 9.8 million square kilometers in size, is the third-largest state in the world. This reduction in demand has the potential to harm the American economy, with manufacturers in the USA earning less money and some people unable to afford certain products from abroad due to the tariffs.

Many people in the USA are angry at Trump because he promised the tariffs would make America rich. However, the opposite seems to be the case, with prices rising in the USA due to the tariffs. The tariffs will also make products from the USA more expensive in the EU, potentially further reducing demand.

The tariffs are not just affecting everyday goods. Specific products such as whiskey, motorcycles, jeans, and peanut butter will be heavily impacted by these tariffs. This could lead to a significant shift in the global market for these goods, with other countries potentially benefiting.

The EU was formed after World War II with the aim of preventing future wars in Europe. The current trade dispute between the EU and the USA is a reminder of the complex and often contentious relationship between these two powerful entities. It remains to be seen how this situation will unfold, but one thing is certain - the tariffs are causing ripples in the global economy.