EU exports to the United States fell 10% year over year in June, dropping to €40 billion as new U.S. tariffs weighed on trade. A record high in March preceded the decline, as importers rushed shipments ahead of duties. Economic uncertainty and a strong euro are compounding the slowdown.
Key Takeaways
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Exports slump under tariffs: EU shipments to the U.S. dropped significantly as new import duties disrupted trade flows and pushed levels to their lowest since late 2023.
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Automakers face pressure: European carmakers remain in limbo as tariff rates shift from 27.5% to 15%, with uncertainty still plaguing the industry and delaying decisions.
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Wider economic strain: Tariffs are fueling uncertainty across businesses, with executives increasingly expecting negative impacts, raising concerns over consumer spending and corporate strategies.
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