American customs duties: France, Germany … What impact of the agreement within the EU?

1 France, among the least concerned States – American customs duties: france, germany – American customs duties: france, germany new

France is less exposed to the United States, with $ 16.4 billion surplus according to the Americans (but for France a deficit of a few billion, according to customs statistics). However, the food industry and wine products will be affected by the customs duties agreement. Similarly, Americans are used to consuming “Made in France” products but could significantly love it if prices climb to account. In addition, for customs duties. Nevertheless, “We will find solutions,” explained Philippe Tapie, president of Bordeaux trading, before Sunday’s announcement.

The French luxury sector (perfumes, leather goods, etc.) is also very exposed. Furthermore, For the world number one LVMH luxury. Meanwhile. Moreover, a customs right of 15 % “would be a good result”, said the group on Thursday american customs duties: france, germany new by publishing its half -yearly results, marked by a fall in net profit and sales. In addition, american customs duties: france. However, germany In addition, He thinks he can compensate by increasing his prices and optimizing his production, especially in the United States. Similarly, The world’s world number one has announced the opening of a 4th Louis Vuitton workshop in Texas.

In May. Moreover. Similarly, his competitor François-Henri Pinault, of the Kering group who owns Gucci or Balenciaga, had declared that “it would not have sense to have Italian Gucci bags made in Texas”. For example, L’Oréal. which achieved 38 % of its turnover in the United States. mentioned in April the possibility of relocating a share of production there.

“The trade agreement negotiated by the European Commission with the United States will provide temporary stability to economic actors threatened. by US climbing. but it is unbalanced. ” the French Minister delegated american customs duties: france, germany new in charge of Europe Benjamin Haddad, who warned against the risk of a “dropout” of Europeans if the latter “do not wake up”.

2 Italy. american customs duties: france, germany not the most concerned either – American customs duties: france, germany new

As for France, Italy exports for $ 44 billion in the United States. It will also likely be less impacted. And as for the tricolor country. the country with the boot will especially be affected on its food industry and its wine products.

“I consider as positive that there is an agreement but as long as I do not see the details. I cannot formulate a better judgment,” said the head of the government, Giorgia Meloni. The government is ready to “activate support measures at national level” for the economic sectors that will suffer the. most but also requests “at European level” measures.

3 Germany. the industrial champion

In value. it is by far Germany which within the american customs duties: france, germany new European Union exports the most goods to the United States, for an amount of $ 161.2 billion in 2024. The United States alone absorbed 10.5 % of German exports, according american customs duties: france, germany to the German Statistics Office.

Americans are fond of automotive brands from Germany, but also machine tools and “Made in Germany” pharmaceutical products. Additionally, The German chemical industry has also considered customs duties “too high”. but conceded that “when we expect a hurricane, we are delighted with a simple storm”.

The German central bank warned at the start of the year that the taxation of American customs duties on German. products could reduce the country’s gross domestic product by 1 %. “This agreement is an insufficient compromise. sends a fatal signal to the closely interdependent economy on both sides of the Atlantic. ” said the German Industry Federation (BDI), for which “EU accepts painful customs duties” which american customs duties: france, germany new will have “considerable negative repercussions on German industry, very oriented towards export”. Earlier. the German Chancellor Friedrich Merz estimated that this was a good agreement for the automotive industry. “the current customs duties, which amount to american customs duties: france, germany 27.5 %, will be almost divided by two”.

4 Ireland, the European laboratory

Ireland records the widest trade surplus of EU members with $ 86.7 billion in value. It is in the United States that Ireland exports more than a quarter of its products. This is explained in particular by the establishment in Ireland of large American groups. notably pharmaceuticals. such as Pfizer, Eli Lilly or Johnson & Johnson who settled in this European country to benefit from a 15 % tax on large companies, against 21 % in the United States.

These companies can thus host their patents in Ireland. sell on the American market, where the prices of medicines american customs duties: france, germany new are traditionally higher than in the rest of the world. Donald Trump said on Sunday that the pharmaceutical sector would not benefit from special treatment. Ireland also welcomes most of the European seats of the American “Tech” giants. such as Apple, american customs duties: france, germany Google or Meta, also seduced by Irish taxation, on its soil.