This briefing assesses the economic, financial, and monetary implications of the tariffs announced by the Trump administration for the EU. Starting with an overview of US measures and EU countermeasures, it analyses the impact on the EU economy across sectors and member states, explains monetary policy challenges for the ECB, and discusses strategic options for European policymakers. As the situation evolves rapidly, the assessment provided in this briefing reflects information available as of 15 July 2025, with updates to follow as developments unfold. Source : © European Union, 2025 - EP Read more