The following article is based on the Drapers Online report:
EU Expresses Concerns Over Potential Impact of Proposed 30% Tariffs on Transatlantic Trade
Brussels, Belgium – The European Union has voiced significant concerns regarding the potential implications of proposed 30% tariffs, reportedly being considered by former U.S. President Donald Trump. According to a report by Drapers Online published on July 14th, 2025, at 15:40, EU officials have indicated that such a substantial increase in import duties could render trade between the bloc and the United States “almost impossible” for many sectors.
The proposed tariffs, if implemented, would represent a considerable escalation in trade tensions and could have far-reaching consequences for industries reliant on transatlantic commerce, including the fashion and apparel sector. Drapers Online, a leading publication for the fashion industry, highlights the potential for these measures to disrupt established supply chains and significantly increase costs for businesses and consumers on both sides of the Atlantic.
Sources within the EU suggest that a 30% tariff would not only make it economically unviable for many European businesses to export to the U.S. market but would also lead to a sharp rise in the price of American goods for European consumers. This could, in turn, stifle demand and create an unfavorable trading environment. The sheer magnitude of the proposed increase is seen as particularly problematic, moving beyond the scope of what are typically considered manageable trade adjustments.
The report indicates that the EU is closely monitoring the situation and is preparing to engage in dialogue with U.S. counterparts to explore potential resolutions and mitigate the negative impacts of such broad-reaching measures. The emphasis is on maintaining a stable and predictable trade relationship, which is crucial for the continued growth and prosperity of both economies.
The fashion industry, in particular, operates on complex global supply chains, often involving the sourcing of materials and manufacturing across different continents. The imposition of significant tariffs could force a costly and time-consuming restructuring of these operations, potentially leading to job losses and reduced competitiveness. Businesses may find it challenging to absorb such a steep cost increase without passing it on to consumers, which could dampen market demand.
While the specifics of which goods would be subject to these tariffs remain under discussion, the broad nature of the proposed 30% figure has understandably caused apprehension among European trading partners. The EU is likely to be advocating for a more targeted and proportionate approach to any trade adjustments, emphasizing the benefits of open and fair trade for all parties involved. The coming months will be critical in determining the future trajectory of transatlantic trade relations and the potential impact of these proposed measures on global commerce.
EU warns of ‘almost impossible’ trade under Trump’s proposed 30% tariffs
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Drapers Online published ‘EU warns of ‘almost impossible’ trade under Trump’s proposed 30% tariffs’ at 2025-07-14 15:40. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.